– 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.
22 replies on “CHALLENGES TO THE BOARDS TROUGH THE PANDEMIC”
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