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Webinar: The Board’s Role in the COVID-19 Crisis: Recap

Published on: May 22, 2020

Key takeaways from the webinar include:

  • Boards across all industries and sectors should focus on both the key short-term actions (i.e., communicating clearly with key stakeholders, ensuring safety, and maintaining liquidity, etc.) and the long-term impacts (potential for transformation, contingency planning, etc.) of the pandemic.
  • Both the structure and format of board meetings are changing. Virtual meetings have changed the way board members interact with each other. Board chairs will need to ensure that all members are able to focus and contribute, and encourage open discussion during board meetings.
  • Board oversight of risk is more important than ever, especially around health and safety concerns as organizations begin returning to the workplace.
  • Boards should ensure that the organization learns from this experience, and begins preparing for future crises in addition to the recovery phase. Certain areas for boards to keep an eye on as organizations emerge from the crisis include: societal impact, sustainability, digital transformation, and globalization.

This webinar was released by our Global Center for Corporate Governance

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