Boards in the age of COVID-19: Taking a principles-based approach to the current crisis
Audit reform, cyber threats, climate risk - these were some of the risks recently on board members’ minds until the impact of COVID-19 pushed them rapidly down the agenda.
This “black swan” event – an unforeseen or unpredictable crisis that often has extreme and far-reaching consequences – has blindsided businesses across the world and poses an existential threat to many. To navigate through and out of this time, strong leadership is key.
3 main actions are expected from boards in the wake of COVID-19: