More remote work and better crisis communications. Less dependence on a single supplier and fewer in-person board meetings.
Those are just some of the ways companies and their boards are likely to change how they operate as the coronavirus pandemic puts pressure on crisis planning.
Crisis preparedness is getting more attention among directors, who say they hadn’t done enough contingency planning before the Covid-19 virus outbreak.
“What this has taught a number of board members is that they need to stress their plans and test them more severely in the future,” said Steve Klemash, who leads a board center for ...