In this episode, Melanie Nolen, Research Director for Chief Executive Group and Research Editor for Corporate Board Member Magazine, weighs in on director priorities for 2021 with results from Corporate Board Member and Diligent Institute’s latest research.
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In our culminating segment, we provide a compilation of director responses to questions about what their biggest takeaways from the pandemic were. No matter how bad the crisis, companies have an opportunity to learn from their responses and improve.
In a time where it is easy to focus on fault and failure, we again asked directors about corporate responses that made them proud of their organizations. Responses, unsurprisingly, were centered around their fellow directors, their management teams, and their employees and customers.
No board director could have successfully predicted the magnitude of the COVID-19 crisis. However, unprecedented side effects of the pandemic have forced directors to focus on how risk management and strategic planning are evolving in a world that changes pace at the blink of an eye.
Despite the board governance silver linings and innovations that have come out of the pandemic, directors have reservations about the rate of change in the boardroom, and fear that moving to exclusively virtual meetings could result in a damaging blow to boardroom culture and effectiveness.
It is clear that whatever the new normal will look like, in many ways it will not resemble how businesses operated before the pandemic. Find out which pandemic-era governance practices and mindsets have changed forever.