How good board communication can mitigate risk
by
Brainloop
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The growing need for corporate accountability has shown how up-to-date, accessible information is crucial for directors—enter the digital board pack.
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As corporate scandals continue to emerge, company boards are increasingly in the spotlight about their knowledge, understanding and decision-making processes when dealing with problems in the business. Pressure is building on directors to get the right information at the right time.
Nowhere was this more obvious than at Volkswagen, when the supervisory board came under heavy scrutiny after the company was caught cheating over diesel emissions in 2015. An avalanche of questions hit the company, following exposure of the fraud. What information did management have about the malpractice and how much, if any, did it share with the supervisory
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