Cloud 9fin Getting on board with Jon Foster
Jul 22, 2025
Jonathan Foster, founder of Current Capital Partners and author of 'On Board,' shares insights from his journey in corporate governance and restructuring. He explores the super repeaters trend and its implications in bankruptcies. Discussing effective qualities for independent board directors, he emphasizes experience and transparency during complex negotiations. Foster also navigates the intricate landscape of financial restructurings, highlighting the growing challenges due to ever-changing trade policies and influential macroeconomic factors.
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Foster's Start in Restructuring Boards
- Jonathan Foster shared he started Current Capital in late 2008, focusing on restructuring boards during the Great Recession.
- He joined boards of companies like Smurford Stone and Lear, shaping his ongoing work as a director in restructurings.
Qualities of Good Directors
- Good directors are experienced, always prepared, and help craft strong business and capital plans.
- They must communicate well to manage differing agendas among investors and management effectively.
Transparency Builds Consensus
- Transparent and well-prepared directors can bridge gaps between parties with conflicting interests in a restructuring.
- This openness fosters agreement, even when initial views differ widely among lenders and investors.
