Regulators must grant boards flexibility during Covid-19 crisis
The Institute of Directors would like to see urgent temporary measures implemented relating to board decision-making, company reporting and AGMs.
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The outbreak and spread of coronavirus has put real pressure on all aspects of human life including the functioning of our corporate governance framework. In order to support directors over this period, the Institute of Directors would like to see urgent temporary measures implemented relating to board decision-making, company reporting and AGMs. To give directors the flexibility they need, UK regulators should implement three sensible measures that take account of the radically altered environment.
Permit virtual board meetings
Firstly, boards should be given the flexibility to make legally valid decisions while maintaining social distance
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