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NACD launches COVID-19 resource center for directors

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Mar 20, 2020

On March 20, 2020, the National Association of Corporate Directors (NACD) launched a resource center for directors. Due to the Coronavirus (COVID-19) pandemic and subsequent market turmoil, directors have been forced to also adapt to a changing governance environment. NACD has assembled, and will continue to update, resources to help guide directors through this unprecedented time.

Appropriately navigating risk is fundamental to effective directorship. Each board member should be prepared to ask tough questions of management about their response and planning process for business operations and stakeholder management. Boards will also need to consider longer-term implications of COVID-19 on the company’s overall operations and strategy.

Key questions directors should ask: 

  • Where are our most significant operational disruptions and what is our plan to overcome them?
  • How is our business strategy shifting in response to COVID-19?
  • Have we discussed operational impacts on executive compensation?
  • What are new risks do we need to report in our upcoming SEC filings?

Review the resource center on the NACD's website.

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