In this episode of Your Director’s Advocate, James Flaherty and Cheryl Stainsby sit down with Damien Davis of Robson Cotter Insolvency Group to unpack one of the most common traps directors fall into when the pressure’s on—the blame game. From shifting responsibility onto accountants, bookkeepers, or third parties, Damien explains why excuses don’t erase statutory duties and how silence or delay can turn small problems into catastrophic ones. Listeners get a behind-the-scenes look at day-one letters, asset transfers, and ATO data-matching that can put directors under the microscope. More importantly, Damien shares why early, honest engagement with trusted professionals not only protects your reputation and reduces creditor hostility, but also safeguards your wellbeing during the toughest times. Full of real-world examples, clear insights, and actionable strategies, this episode is essential listening for any director—or advisor—looking to replace denial with preparation and navigate financial challenges head-on.
