How your board can be ready for crisis

Is your board prepared?

Most companies experience at least one crisis every four or five years. Regularly discussing the crisis plan with management and the results from testing it lets the board understand where there might be gaps in readiness. And it’s always better to know about those gaps before a crisis hits. Directors themselves might even need to take a more active role if a crisis spins out of control.

Challenges for directors:

  • The company isn't prepared to handle a crisis, and directors may not realize it
  • The board isn't informed promptly when a crisis hits 
  • The crisis grows worse because management isn't responding properly 
  • The company repeats the same mistakes it made when dealing with past crises

Contact us

Paula Loop
Leader, Governance Insights Center
Tel: +1 (646) 471 1881
Email

Catherine Bromilow
Partner, Governance Insights Center
Tel: +1 (973) 236 4120
Email

Terry Ward
Partner, Governance Insights Center
Tel: +1 (612) 326 2066
Email

Paul DeNicola
Managing Director, Governance Insights Center
Tel: +1 (646) 471 8897
Email

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