Is your board’s relationship with management built to withstand a crisis?
Nov 12, 2019
On November 12, 2019, the National Association of Corporate Directors (NACD) released a blog on how corporate crises that have a serious impact on an organization’s share price, reputation, and leadership are increasingly frequent events. Yet few companies are truly prepared to cope with such crises, and, in particular, with the challenge of deteriorating personal dynamics between a company’s executive management and its overseers—and within the boardroom itself.
This cultural dimension is often a fundamental weakness which, in the most severe crises, can threaten a company’s very survival.
This is the premise of a new joint report from McKinsey & Co. and NACD, titled “Building Board-Management Dynamics to Withstand a Crisis: Addressing the Fault Lines.”
Review the full blog on the NACD's website.