NACD Board Leadership Conference NACD Chapter System

Joint Program NACD/TMA: Board Leadership During Distress

February 7, 2017
Philadelphia, PA



Risks are accentuated, board and committee meetings are longer and more frequent, management is stressed and possibly destabilized, new advisors may appear on the scene, and stakeholders' interests face possible impairment. Many board members may never have faced such circumstances, either in their careers or their board roles. This program sponsored jointly by the Philadelphia Chapters of the Turnaround Management Association and the National Association of Corporate Directors (NACD) will address the challenges that a board faces during distress. 

Location and Time


The Union League of Philadelphia
140 South Broad Street
Philadelphia, PA 19103

Speaker Spotlight


Howard Brod Brownstein

Howard Brod Brownstein is a nationally-known turnaround professional, and is President of Brownstein Corporation, which provides turnaround management and advisory services, as well as investment banking, fiduciary services, litigation consulting, investigations and valuation services. He regularly serves on the boards of directors of public and private companies, and currently serves on the boards of A.M. Castle (OTCQB: CASL), PICO Holdings (Nasdaq: PICO) (Audit Chair/designated Sarbanes-Oxley Financial Expert), and P&F Industries (Nasdaq: PFIN) (Nominating/Governance Chair, Strategic Planning & Risk Assessment Chair). He also serves on the board of NHS Human Services, a leading nonprofit provider of education and human services to individuals with special needs with more than 10,000 employees providing care to almost 40,000 adults and children in eight states and an annual budget over $500Mil. He is a Certified Turnaround Professional, and also an NACD Board Leadership Fellow and President of the NACD Philadelphia Chapter. He has authored over eighty articles and textbook chapters, and is a Contributing Editor at two publications. He is a regular guest-lecturer at Harvard Business School, Wharton, NYU and elsewhere. He received JD and MBA degrees at Harvard, and B.S. (Wharton) and B.A. degrees from the University of Pennsylvania.

Lawrence Hirsh

Lawrence Hirsh is a Managing Director with Alvarez & Marsal in Atlanta. He specializes in advising companies as a Board member, officer and consultant, and their stakeholders (including secured creditors, bondholders, unsecured creditors and equity holders) with operational, financial and transactional matters. With more than 30 years of experience, Mr. Hirsh has served as an interim officer, as well as an adviser, to large and mid-size companies, and has served as a member of the Board of Directors, including Chairman, for companies to help guide them to maximize value and achieve their objectives. Mr. Hirsh has operational and financial expertise, and M&A experience through his interim officer, advisory and Board assignments. Mr. Hirsh earned a bachelor’s degree in business administration from the University of Florida. He is a Certified Turnaround Professional (CTP) and a Certified Public Accountant (CPA).

Regina Stango Kelbon

Regina Stango Kelbon concentrates her practice on bankruptcy, reorganizations, and workouts, along with other banking and commercial lending matters. She represents creditors’ committees, debtors, institutional lenders, lender groups, creditors, executory contract parties, equipment lessors, plan or reorganization proponents, and asset purchasers in areas including: • Chapter 11 reorganizations • loan restructuring • debtor-in-possession financing • intercreditor relationships • lender liability prevention and defense Chambers USA ranks Ms. Kelbon as a leader in the fields of bankruptcy and restructuring. Chambers notes that she "is a highly talented attorney with a growing reputation for Chapter 11 reorganizations and litigation, and notable restructuring expertise." In addition, Ms. Kelbon has received the highest possible rating from Martindale-Hubbell. Ms. Kelbon is a former president and current board member of the Consumer Bankruptcy Assistance Project for the Eastern District of Pennsylvania; co-chair of the ABA's Business Bankruptcy Subcommitee on Corporate Governance; former vice chair of the ABA’s Business Bankruptcy Subcommittees on Bankruptcy Claims, Fraud, and Abuse of Bankruptcy Process, Mass-Torts and Environmental Law, and Unconventional Bankruptcy Problems. Ms. Kelbon is a contributing author to Bankruptcy Reform 2005: Expert Analyses Examining and Predicting the Impact on the Commercial Practitioner, Amendments to Section 330 of the Code (2005). REPRESENTATIVE MATTERS • New Century Financial in a leading role as co-counsel to the creditors' committee in the Chapter 11 of one of the largest subprime mortgage lenders in the U.S. • Mortgage Lenders Network as lead counsel in the creditors' committee in the Chapter 11 of a subprime mortgage loan origination and servicing business with over $17 billion in servicing assets as of the filing. • Brooklyn Hospital Center and Caledonian Health Center Inc. in the representation of debtor-in-possession lender in hospital system Chapter 11. • Crouse Health Hospital as counsel to the creditors’ committee in Chapter 11 case of hospital system. • Delaware Valley Medical Center as special counsel to debtor to sell hospital and handle pension claims. • Uniroyal Technologies as counsel to creditor of manufacturer of materials employing semi-conductor technologies and plastic vinyl coated fabrics. • InaCom Corp as counsel to creditors’ committee of billion dollar internet "pipeline" business in its Chapter 11. • Today’s Man as counsel to debtor in reorganization of men’s superstore retail chain Chapter 11 case. COMMUNITY SERVICE & AFFILIATIONS Ms. Kelbon served on the Strategic Planning Committee for the Catholic Social Services of the Archdiocese of Philadelphia. She serves as a mediator for the Bankruptcy Court for EDPA. She is a current board member of the Consumer Bankruptcy Assistance Project.

J.Scott Victor

J. Scott Victor is a founding partner and Managing Director of SSG Capital Advisors. Scott is a nationally recognized leader in the restructuring industry with 30+ years of experience representing companies in bankruptcy proceedings and out-of-court workouts. He has completed over 175 sale, refinancing and restructuring transactions in North America and Europe for companies facing operational and/or financial challenges. He is an expert in the restructuring, refinancing and sale of middle-market companies and has testified as an expert witness in bankruptcy courts throughout the United States. Prior to his transition to investment banking in 2000, he was a partner and a senior member of the bankruptcy and restructuring department at Saul Ewing LLP. Clients include publicly traded, privately held, private equity sponsored and family owned businesses across many industries. Scott has conducted over 200 presentations globally on bankruptcy and insolvency law, distressed mergers and acquisitions, restructurings and special situation financing issues and is frequently called upon by the media for his expertise. Scott is a Fellow of the American College of Bankruptcy. He is Chairman of TMA Global in 2016, Global President in 2015 and has served in many senior volunteer positions in the Turnaround Management Association locally, regionally and internationally. Scott is also active in the American Bankruptcy Institute and served on the Board of Directors from 2009-2015. He has served as Co-Chair for multiple conferences including TMA Annual, TMA Distressed Investing Conference, ABI Complex Financial Restructuring Conference, VALCON and M&A Advisor Distressed Investing Conference. He also serves on the Board of Directors for the New York Institute of Credit. Scott has published multiple articles for several publications and currently serves as an Examiner for the Wall Street Journal in its Bankruptcy Beat. Scott has received the TMA Global Outstanding Individual Contribution Award (2013), Global M&A Top 100 Restructuring Advisors Award (2014 and 2015), M&A Advisor Leadership Award (2015) and M&A Advisor Hall of Fame Award (2015). Education: • University of Miami School of Law, J.D. • University of Pennsylvania, B.A.



1 Credit

Question about this Event?

Contact NACD Philadelphia Chapter P.O. Box 94, Gladwyne, PA, 19035 phone: 610-640-5454 email: