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单词 turnaround
释义

turnaround

turnaround(recovery) A strategy designed to reverse the decline in profitability of a firm or subsidiary, enabling it to achieve a viable and sustainable future. Firms in crisis require drastic action to effect a turnaround, which may involve managerial changes, redundancies (seedownsizing), or closure to avoid receivership. Seesharpbender.

Turnbull Report A report (1999) providing directors of UK listed companies with guidance on risk management and internal controls and their obligations with regard to both under the Corporate Governance Code. It was prepared by a working party of the Institute of Chartered Accountants in England and Wales and endorsed by the London Stock Exchange. Revised guidelines were issued in 2005 and 2014.

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更新时间:2025/5/10 10:18:07