CHALLENGES TO THE BOARDS TROUGH THE PANDEMIC

– Boards should, through detailed measurements and analysis, monitor the company’s health safety considerations, including worker fatalities.

– Boards and management are faced with the need to reduce staff or projects to keep the business afloat.

– Boards should also assess the risk of the domestic supply chain becoming ill or having to isolate itself.

– Boards should have discussions on teleworking, including how best to mitigate IT risks and data privacy breaches.

– Boards should be mindful of the need to defend the corporate culture and keep it strong in the face of heightened uncertainty.

– Boards should undoubtedly approve dividend reductions, share purchases and capital expenditures.

– Boards members should assess the long-term prospects of a company’s underlying business model, as well as the company’s ability to pay its debts and to have the cash available to meet its future needs.