You turn to Accordion.
We come on board as interim CEO, interim COO, and European COO. We partner with your company to conduct a comprehensive investigation across all regions to identify, evaluate, and correct any financial irregularities. To do this, we:
- Lead a detailed independent investigation of the North American and European operations. We identify accounting and tax issues throughout the European operations regarding a lack of effective controls over financial processes and reporting.
- Develop and implement strong remedial plans to prevent recurrence and strengthen the controls environment, which includes: fundamental changes to personnel in Europe and the U.S.; separation of finance and control functions; adoption of significant additional internal controls; and a new ethics training program.
- Represent your company in communications with the SEC and other regulators to address compliance issues and remediation, which includes face-to-face meetings with NASDAQ.
- Assist the European subsidiary with two significant restructurings, acquire and divest several resorts, and overhaul sales and maintenance fee calculation processing.
Your value is enhanced.
You now have stabilized and remediated financial operations, as well as restructured European operations. Additionally, your company successfully sells for $700M, including $375M in debt, and we stay on as strategic and financial advisors.