The Chief Restructuring Officer (CRO)¾
¾The role of Chief Restructuring Officer first developed in the US in the 1990s….¾
05 February, 2014
The Chief Restructuring Officer (CRO)¾
By Ian Gray
The role of Chief Restructuring Officer first developed in the US in the 1990s.¾ The heavy requirements placed on US companies seeking protection through the court-regulated Chapter 11 process meant the role of corporate rescuer had to be closely defined.¾ Therefore the CRO emerged as a board-level appointee anchored in the management structure of the company but with clear responsibilities…..
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