The Board’s Key Role During a Crisis: Such as COVID-19

Joseph H. Astrachan, Andrew Keyt, Hermut Kormann and Claudia Binz Astrachan ()
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Hermut Kormann: Zeppelin University

A chapter in Topics of Family Business Governance, 2021, pp 51-56 from Springer

Abstract: Abstract A board’s oversight and guidance, based on the expertise, experience, and personal qualities of its members, have always helped drive business success and survival. But now, as the COVID-19 pandemic shakes societies and economies around the globe, boards play an even more critical role. Companies that can tap their boards’ crisis mitigation skills will likely have an edge over companies whose owners do not recognize the board’s potential or cannot encourage board members to step up.

Date: 2021
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DOI: 10.1007/978-3-030-58019-3_11

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