‘Change is the law of life and those who look only to the past or present are certain to miss the future,’ such were the words of the late US president John F Kennedy. 

If only this way of thinking had become the norm. Far too often, however, businesses are reactive rather than proactive, and nowhere is this more evident than in the world of restructuring and insolvency. 

Despite the lessons that recent global crises should have taught us, the culture in business is unfortunately still to respond to threats rather than get ahead.