Optimal capital structure is a moving target. It's unique to each company and depends on capital market conditions, the economy, management capabilities, industry trends andmost importantlythe regulatory environment and social trends. Getting these wrong can have significant consequences. Overleveraging can leave a company hamstrung, just as avoiding debt at the wrong times can lead to missed opportunities for growth and job creation. For some companies, the constant focus on shortterm financing leaves less time for longterm planning. Finding the right capital structure is both an art and a science, and the best practitioners understand their environment and draw from a broad range of financial tools. This panel will discuss why capital structure matters now more than ever. How are risk levels affected by current government regulation and social trends? When is it time to build liquidity? How can companies anticipate interestrate and market cycles to avoid the wrong structure?