Prominent business disasters such as the collapse of Enron and Northern Rock, to such devastating events as the BP Texas City oil refinery explosion, are very often blamed on Company Boards and Governance. But many of these disasters happened in times that were not as turbulent as they are today. A recent report done by Deloitte on the challenges of Boards, states that “The way in which Boards do their work at this time will be a critical factor in an organization’s ability to emerge from the current crisis and push forward into a new era of economic recovery and opportunity for the benefit of all stakeholders.” In this episode, we pose the question: Are Boards up to governing in these challenging times and do they have the proper governance that can help guide them through rough times and onto recovery?
Prominent business disasters such as the collapse of Enron and Northern Rock, to such devastating events as the BP Texas City oil refinery explosion, are very often blamed on Company Boards and Governance. But many of these disasters happened in times that were not as turbulent as they are today. A recent report done by Deloitte on the challenges of Boards, states that “The way in which Boards do their work at this time will be a critical factor in an organization’s ability to emerge from the current crisis and push forward into a new era of economic recovery and opportunity for the benefit of all stakeholders.” In this episode, we pose the question: Are Boards up to governing in these challenging times and do they have the proper governance that can help guide them through rough times and onto recovery?