Thryvv.io is your Director’s Advocate; supporting business owners and directors in overcoming financial distress and complex business challenges.
What is a Director's Advocate?
A Director's Advocate is someone who acts as a support system, advisor, or intermediary for directors in a business or organisation, assisting them to manage complex business problems.
The role of a Director’s Advocate can vary depending on the situation, but typically involves guiding directors through financial distress, business risk, and ATO-related issues, while helping them fulfil their legal obligations and safeguard their personal and professional interests.
A Director’s Advocate should have formal qualifications in business management and proven experience navigating financial distress, business recovery, and operational leadership in successful enterprises.
In situations involving insolvency or financial distress, a Director’s Advocate provides expert guidance to help directors navigate the insolvency process, manage legal risks such as insolvent trading, and ensure compliance with corporate governance and regulatory requirements.
Navigating Complexities with Confidence
Directors face a wide range of challenges in today’s dynamic business environment. From navigating complex legal obligations and ATO pressure to addressing financial distress and stakeholder expectations, the role demands sound judgement, resilience, and strategic focus to safeguard the business and its reputation.
As Director’s Advocate, Thryvv.io provides expert support in business recovery, risk management, and corporate governance—helping directors handle complexity with clarity, confidence, and compliance.
Here are some of the key reasons why directors benefit from having an advocate by their side:
Legal and Regulatory Compliance
Understanding and meeting your obligations under Australian corporate law can be complex and overwhelming. As Director’s Advocate, Thryvv.io helps ensure compliance, reducing the risk of ATO penalties, regulatory breaches, and personal liability during times of financial distress.
Conflict Resolution
Disputes among directors, shareholders, or stakeholders can stall decision-making and impact business stability. Thryvv.io helps align leadership through clear, strategic direction and governance support.
Risk Management
Identifying and managing risks early is key to maintaining business stability. Strategic support helps directors mitigate financial, operational, and reputational risks before they escalate.
Strategic Decision Support
Complex decisions require a clear view of long-term risks and outcomes. Thryvv.io provides strategic guidance to help directors make informed, future-focused choices—especially during periods of financial distress or business uncertainty.
Financial Oversight and Governance
Acting in the best interests of the company is a fundamental duty of directors. Thryvv.io helps directors fulfil their fiduciary responsibilities with clarity, confidence, and sound governance.
Advocate for the Directors
When adverse actions are taken against a director, having someone to advocate on their behalf is critical. Support includes navigating legal risks and protecting personal liability.
How We Can Help
Help to Overcome Financial Distress
A Director's Advocate helps businesses in financial distress regain control by solving underlying problems and advocating for the director when adverse actions are taken against them.
Help to Proactively Manage the Business
A Business Advocate helps proactively manage a business by providing strategic advice, identifying risks and opportunities, and implementing solutions to improve operations, compliance, and growth.
Help to Solve Complex Business Issues
A Director’s Advocate resolves complex business issues by offering expert guidance, mediating conflicts, and providing tailored solutions to legal, financial, and operational challenges.
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With more than 15 years’ experience in both financial consultative roles and in corporate level leadership, we can identify options to help your business achieve financial independence with our business recovery services.
Your Questions, Answered
We understand that the role of a Director’s Advocate might be new to some, and you may have questions about how we can help. Here are answers to some of the most common inquiries:
What is the role of a Director’s Advocate?
A Director’s Advocate is a trusted advisor who provides directors with guidance, support, and practical solutions for navigating complex business challenges. From compliance and risk management to stakeholder communication, they ensure directors fulfill their responsibilities confidently and effectively.
How do you protect directors from legal risks?
We help directors understand and comply with their legal obligations, reducing the risk of personal liability. Our services include reviewing governance practices, ensuring adherence to corporate laws, and guiding directors through financial or operational crises while minimizing exposure to legal consequences.
Do you only work with companies in financial distress?
Not at all! While we do assist businesses in financial distress, our services are also valuable for organizations looking to strengthen governance, improve operational efficiency, or address strategic challenges.
Why should I talk to a Director’s Advocate before an insolvency practitioner?
We've created a blog on our Knowledge Base specifically for this question. Find it here.
When should a director consider working with an advocate?
Any director facing complex issues, such as financial distress, legal challenges, governance concerns, or conflicts within the organization, can benefit from working with an advocate. Engaging early allows for proactive solutions and avoids potential escalation of problems.
What industries do you serve?
We work with directors across a wide range of industries, including manufacturing, trades, technology, legal and finance, retail, and more. No matter your sector, we tailor our advice and support to suit your specific needs.
How is a Director’s Advocate different from a legal or financial advisor?
A Director’s Advocate takes a holistic approach, addressing not just legal or financial concerns but also operational, strategic, and governance challenges. While we collaborate with legal and financial professionals, our focus is on empowering directors with the tools and insights they need to lead effectively.
How can I get started with a Director’s Advocate?
Getting started is easy! Simply contact us to schedule a consultation. We’ll discuss your unique challenges and outline how we can support you in achieving your goals.