How your board can be ready for crisis

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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

Governance Insights Center Leader, PwC US

Sharad Jain

Partner, Governance Insights Center, PwC US

Deidre Schiela

Partner, Governance Insights Center, PwC US

Paul DeNicola

Principal, Governance Insights Center, PwC US

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