Leaders in crisis: why teamwork is the way forward
Many leaders admit to lacking confidence in a crisis. Training, teamwork and a supportive board can make all the difference.
Image: Mauricio Graiki/Shutterstock
The UK is now at the heart of the coronavirus storm and the economic and financial effects are becoming clear. While companies have worked on their processes to cope with implications of Covid-19, attention is some quarters has fixed on whether corporate leaders are fit to guide their companies through the crisis. It seems many may not be.
Research from Odgers Berndtson, an international head hunting firm, reveals only 15% of executives believe their leadership will succeed during disruption, including unexpected events like pandemics, tech advances, shifting demographics and climate change.
That pessimistic assessment is accompanied by
Like this article? Sign up to our newsletter to get more articles like this delivered straight to your inbox. For thoughtful journalism, expert insights on corporate governance & an extensive library of reports, guides and tools to help boards & directors navigate the complexities of their roles. Subscribe to Board Agenda Subscribe Here
Related Stories
-
UK seeks powers to block foreign investment on national security grounds
The proposed Bill will present a potential hurdle for boards looking at investment or acquisition from an overseas suitor.
-
‘Root and branch’ review of FRC launched by government
Business secretary Greg Clark has launched an independent review of the role of accounting watchdog Financial Reporting Council, over concerns that it "lacks teeth".
-
Board moves: London Stock Exchange Group, AB InBev and British Land
Don Robert is to become chair at the London Stock Exchange Group, while Martin Barrington and Tim Score take the boardroom reins at AB InBev and British Land respectively.
