In an industry witnessing regulatory reform, consultation and fluctuating workloads it is great to see so many rescue professionals excelling at what they do.
While the industry is all too often misrepresented, those professionals in the turnaround business create an environment in which entrepreneurial flair can blossom to ensure jobs are protected even in the event of failures.
As the industry’s beacon, Insolvency Today sees the Power 100 as an important opportunity to recognise practitioner talent, skill and innovation.
After all, there has been no time in recent history when this skill set has been so essential in keeping the cogs of British business turning.
Recent comments about contingency planning for a Eurozone failure have done nothing to disperse the clouds gathering in recent weeks.
The inevitable impact of other economies on our own means that we need practitioners, bankers, lawyers and accountants who are willing to put in the extra effort to assess every potential outcome for distressed businesses.
We believe the 100 individuals making this year’s list are exactly those people who are making the difference and I’m guessing some of you will be wondering how you made the cut for this year’s list.
Four months ago, the nomination process began. The entire industry were asked to vote for who should make the grade in their eyes.
The Power 100 list was heavily promoted in both the magazine and on the Insolvency News website and the response was overwhelming.
Initially, there were hundreds of individuals who potentially could have made the list – far too many to be included and, of course, some who were ultimately undeserving of such an accolade.
From the list of nominations, practitioners were scored on six metrics:
1. Practical contribution
3. Industry reputation enhancement
4. Record of industry lobbying
5. Regulatory leadership
6. Peer assessment
We hope you agree that the broad range that made this year’s list are all very deserving winners.
Joe McGrath, editor
Insolvency Today / Insolvency News
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It was an easy decision for Willis to partner with Insolvency Today to recognise the most influential people in the Insolvency profession. The event was held on 1 December at the Willis Building in London where the majority of the Power 100 was celebrated.
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