The role of the board in times of distress
If companies are to survive the coronavirus crisis, corporate boards need to exercise collaborative, proactive leadership.
Image: Ilyafs/Shutterstock
The Covid-19 pandemic is wreaking havoc on humanity at an unprecedented scale. Draconian measures governments are imposing in an attempt to “flatten the curve” have triggered a swift and massive economic crisis. Businesses must constantly adapt to the fast-evolving situation and plan accordingly. Most of the crisis management will be carried out by executives, but since many decisions concern the very survival of companies, the board as a whole has to be involved in deliberations rapidly and intensively if non-executives are to have any meaningful role.
Business continuity
Besides immediate concerns over employees’ health, the primary
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