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Genesis Health & Fitness started as an Australian gym club when the first one opened in Ringwood, Victoria in April 2015. It quickly developed into one of Australia's premier fitness organisations, bringing to life real fitness communities. Genesis Health & Fitness experienced significant expansion since it had listed on the ASX with only 20 centres. By January 2018 they were running more than 300 fitness clubs across Australia.
Problem A) Discuss the main issues that led Genesis Health & Fitness to fail?
Problem B) Discuss the corporate governance and board mechanisms that could have been employed by Genesis Health & Fitness in order to limit the chances of company failure.
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