COVID and Corporate Governance: A Broader Mission for Corporate Boards

April 24, 2020

Corporate governance is not immune from the societal and commercial effects of COVID-19. This article, authored by a group of Stikeman Elliott partners, looks at what the future may hold as directors and management lead their companies through what may be the most intense period of economic upheaval in living memory.

The discussion focuses on the key challenges facing Canada’s corporate leaders as the reopening phase approaches:

  • Focusing on issues that matter;
  • Immediate crisis management and board readiness;
  • Re-thinking strategy and risk management;
  • Re-thinking incentive frameworks; and
  • Re-thinking corporate purpose.

As the article concludes, the crisis “will reset much of what we have taken for granted as ‘good governance’”. Corporate boards, in particular, need to broaden their missions to ensure that their organizations are prepared for the new reality that awaits.

The authors hope that by sharing their thoughts and speculations, some of you will be inclined to share your own. They invite such discussions and look forward to “drilling down” on some of the outlined issues.

To read the article, click here.

DISCLAIMER: This publication is intended to convey general information about legal issues and developments as of the indicated date. It does not constitute legal advice and must not be treated or relied on as such. Please read our full disclaimer at www.stikeman.com/legal-notice.

Stay in Touch with Knowledge Hub