Financial Analysis, Valuation, and Recovery Models in Bankruptcy and Liquidation

Learning ObjectivesOnce this chapter is completed, it is expected that the readers can: 1. Know how corporate governance links with insolvency.2. Track down failed governance that often results in insolvency.3. The role of directors, auditors and management in avert financial distress.4.Under CAMA 2020 and NCCG 2018, examine the corporate governance reforms. 5. Examine the manipulation of financial statements, fraud and their relationship with insolvency.6. Assess early-warning of business failure.7. Determine the position of regulators like SEC, FRCN and NAICOM.8. Debate the consequence of ethical maltreatment on insolvency.