Tag: coronavirus
Forget perfect: how to make decisions during uncertain times
Many directors are struggling with decision-making when the data changes daily. Boards should take a “roughly right” approach to keep moving forwards.
Companies ‘failing to demonstrate oversight of vulnerable workers’
Research reveals a lack of data on vulnerable workers in supply chains, despite investor demands for better reporting and oversight.
Social factors ‘now key to good corporate governance’ says ICGN
The Covid-19 pandemic has highlighted social failures and “deep” inequality which must be addressed by business, warns the global governance body.
Stream team: how to make your virtual board meetings a success
Virtual board meetings are the new normal. But can performance be maintained at a distance—and will decision-making be effective?
‘Going concern’ regulation puts firms and auditors under the microscope
New standard ISA UK 570 requires auditors to challenge management’s assessment of going concern more robustly—and firms to be as transparent as possible amid current uncertainty.
Government bail-outs indicate ‘shift in mindset’ towards societal purpose
Denmark is leading a trend to impose restrictions on bail-outs, favouring business models that focus on stakeholders rather than shareholders.
Businesses ‘must consider human rights’ amid pandemic response
Campaign groups have warned that due diligence on human rights should remain central to organisations’ response to the Covid-19 pandemic.
Will Covid-19 accelerate the shift towards stakeholder governance?
The current challenging context will reveal to companies which of their shareholders have a long-term view—and which do not.
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.
Asset managers urge restraint on executive pay during pandemic
Schroders and Hermes EOS warn boards that top executives must “share the pain” of the economic downturn, with pay “aligned with the experience of the wider workforce”.