Board Decision Making in a Down Cycle -
The last several months have been unprecedented in terms of how quickly and drastically business environments have changed. With widespread uncertainty and financial distress impacting so many businesses across industries, Boards of Directors are facing the challenge of a generation. To fulfill their duties to faithfully and carefully steer their companies through these tumultuous times (and to avoid liability to unhappy stakeholders in the process), directors need to intensify their focus. While there are no guarantees of success, boards that keep their heads out of the sand and follow best practices will maximize their companies’ opportunities to weather the storm and emerge on the other side in an optimal position.
Question 1 -
Are We Getting Real-Time Information from Management?
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