Module contents
Module 1 Brief and company analysis
Stakeholders & company turnaround team
- Approach and planned phases of a restructuring process
- Important measures for successful projects; objectives and fundamental conditions
- Distinction between restructuring consultancy and interim management
Potential analysis & leadership
- Leadership and management aspects
- Role of the CRO in the turnaround process
- Short-term liquidity measures
Module 2 Restructuring process
Change management
- Phase models and the individual steps of change management processes
- Dealing with emotions within the change process
- Success factors of successful change processes during restructuring
Communication in crisis
- Crisis communication and crisis PR
- Different degrees of communicative crisis
- Factors in successful crisis PR
Module 3 Legal parameters
German or Austrian law, electively
- Grounds for insolvency and measures to avoid them
- Stages of an insolvency procedure
- Turnaround during insolvency procedure or imminent insolvency
- Turnaround measures under company law
- Aspects of civil and criminal liability applying to corporate organs
- Relevant aspects of employment law
Module 4 Restructuring measures
Financial restructuring
- Financial turnaround measures for equity and debt capital
- Special forms of turnaround financing (mezzanine loans including participating loans, silent partnership, recapitalization, profit-participation rights, convertible bonds)
- Distressed M&A and asset deals as value-oriented company disposals
Performance restructuring
- Causes of company crises
- Measures to safeguard liquidity
- Restructuring in the functional divisions of the Company
Module 5 Strategy formulation and control
Restructuring and turnaround strategies
- Basic structure based on requirements of credit institutions
- Requirements pursuant to German Institute of Auditors (IDW) Standard S6 (D) and Guideline on Viability Prognosis (A)
- Scope of the strategy and flanking measures during implementation
Integrated planning and control systems
- Significance, application and instruments of analysis
- Establishing a reporting system and key design elements in reporting
- Introduction of “crisis cockpit” as a tool for early crisis detection
Current as of August 2014
