Boards should use this post-pandemic period to reflect and reinvent themselves and their working practices.
Like so many things, the way company boards operate was impacted by the pandemic. Previously, extensive debate, hierarchy and heavy governance might have been par for the course. However, the pandemic forced boards to work in new ways—or face possible ruin. In many ways, this was positive, as Covid acted as a leveller with directors and executives forced to establish new ways of working together, discarding layers of bureaucracy and enabling agile decision-making. However, moving into the new world of work, boards must strike a clever balance. We must not let old hierarchies or inefficiency to creep in and it is essential that boards move forward, embracing new ways of working and learning from the pandemic experience. Around our board