- Stéphane Roecker
Coronavirus: 15 emerging themes for boards and executive teams
« It is likely never more important than now for boards of directors and executive management teams to tackle the right questions and jointly guide their organizations toward the next normal ».
Managing through the crisis:
Boards must strike the right balance between hope for the future and the realism that organizations need to hear
The unknown portion of the crisis may be beyond anything we’ve seen in our professional lives
Beware of a gulf between executives and the rank and file
Don’t overlook the risks faced by self-employed professionals, informal workers, and small businesses
Certain industries and sectors are truly struggling and require support
Mid- to long-term implications and scenarios vary considerably
What went wrong ?
How can we prevent a backlash to globalization?
Companies need help with government
Where will the equity come from, and with what strings attached?
The balance between profits and cash flow is tricky, and essential to get right
It may be time for responsible acquisitions
Cyberrisk is growing
Innovation may never have been so important
The path ahead will surely have ups and downs and will require resilience.
The full article available on https://www.mckinsey.com/business-functions/risk/our-insights/coronavirus-15-emerging-themes-for-boards-and-executive-teams
