Examining the Expanding Role of Independent Directors in Modern Chapter 11 Bankruptcies

48th Annual Southeastern Bankruptcy Law Institute

March 24, 2022

Brad Sandler will discuss issues related to independent directors for distressed companies at a panel presentation as part of the annual Southeastern Bankruptcy Law Institute. These issues include how independent directors are commonly used in the chapter 11 process (including how they are selected); the benefits of those directors to the process; criticisms of the growing role of independent directors that have been lodged by creditors, academics, and legislators; and potential proposals (including recent legislative ones) to address such criticisms (and the pros and cons of same).

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