WHAT CAN DIRECTORS DO?
Directors’ roles and responsibilities particularly relevant to COVID-19 are their duty of care, and their fiduciary duty. Directors will be acutely concerned about how they can contribute to the physical and mental health of their employees, stakeholders and the broader community and the inevitable financial impacts of this pandemic, while balancing longer term interests in ensuring the ongoing viability of their organisation. Uncertainty and unpredictability abound, yet one certainty that is finally gaining traction is that it is in the community’s and therefore every organisation’s interests to slow the spread of this deadly virus.
Effective board governance ...