Leading Your People and Organization Through COVID-19 (Part 4)
Most boards of directors operate under a familiar, routine cadence: quarterly meetings and perhaps an annual strategy planning retreat augmented by a few committee meetings and calls with management. Often, boards develop an annual calendar to assure their attention is wisely focused across a range of important issues at just the proper time: audit-related matters in first and second quarters; annual business plans/budgets in third and fourth quarters; and other key issues sprinkled in the remaining open timeslots.
The collective wisdom is that predictability assures both efficiency and efficacy. However, the emergence of a global pandemic and its associated chaos has turned traditional board wisdom on its ear. Analysis, decision-making and action can no longer wait for a quarterly gathering. Instead, boards must match the pace of marketplace changes resulting from shutdowns and stay-at-home orders.
Learn how your board should pivot to responsibily manage through the pandemic.
