Month: March 2024

Business Failures in Australia: Causes and Considerations

The collapse of Godfreys Group in January 2024 reflects a broader trend of business insolvency in Australia, particularly among small to medium-sized enterprises. Amidst factors like COVID-19 fallout and interest rate hikes, cost of living pressures and supply chain disruptions, small and medium sized companies are facing a turbulent period. Directors and officers must navigate these stormy waters with vigilance and strategic foresight. Professional guidance becomes indispensable, offering insights into restructuring and insolvency laws. Bond University’s Enterprise Governance programs provide vital tools for navigating such periods of uncertainty.

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