The Covid-19 outbreak has led to profound changes and is severely testing the resilience of countries and businesses. From the perspective of a corporation, navigating this crisis brings to the fore the importance of corporate governance issues for directors as their companies respond to the challenges and risks brought about by the pandemic.

For boards, a good response to this crisis will be rooted in a deep understanding of their roles, adherence to good corporate governance and exercising board discipline — knowing when to step in and when not to, and resisting the urge to blur the lines between the roles of board and management. The board adds most value when it provides critical oversight, strategic support and long-term vision.

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The Edge Markets