Bloomberg Law
May 18, 2020, 9:21 AM

ANALYSIS: The Board’s Role in Guiding Corporate Change

Denis Demblowski
Denis Demblowski
Legal Analyst

Boards of directors will be on the leading edge of changes that result from the coronavirus pandemic. The current crisis, in conjunction with a shift in the role of corporations, is testing and expanding traditional notions of boards’ roles. Of course, they still provide supervision of management and strategic direction for the company. But they have become more involved in shaping their companies’ response to the short-term and long-term issues that corporations must now face—and more attuned to the importance of comprehensive risk management and contingency planning.

Perhaps the most important topic that boards will address as the economy reopens ...

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