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Boards strategies for navigating crises in a volatile world

Boards strategies for navigating crises in a volatile world

Coulson-Thomas, Colin (2019) Boards strategies for navigating crises in a volatile world. In: Annual Directors Conclave and 29th IOD Annual Day, 26 Aug 2019, New Delhi, India.

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Abstract

Crises come in different forms and certain challenges that may be considered as crises need to be addressed by a combination of activities by multiple parties over a longer-time period than past emergencies that could be quickly tackled by crisis management teams. Their implications are such as to require more than “business as usual responses”. Compared with normal levels of change, uncertainty and time pressure, crisis situations can make different demands upon board members. Some directors may be better equipped to handle them than others. Many boards need to review their strategies, policies and practices for managing existential risks and crises, and review their sources of crisis counsel. There are various questions that should be considered when undertaking such as review. Speech delivered in plenary session at the 2019 Annual Conclave and 29th Annual Day of India’s Institute of Directors.

Item Type: Conference or Conference Paper (Speech)
Additional Information: Colin Coulson-Thomas also provided the Theme Paper for the 2019 event: https://iodglobal.com/images/workshop/dc-workshop/2019/theme-paper-providing-future-board-leadership.pdf
Uncontrolled Keywords: board strategies, risk, risk management, risk governance, insolvency, corporate governance, directors, boards of directors, uncertainty, climate change, complexity, collaboration, collective responses, disaster recovery, sustainability, threats, cyber risks, emergencies, board leadership, corporate boards, delegation, stakeholders
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Faculty / Department / Research Group: Faculty of Business
Faculty of Business > Centre for Work and Employment Research (CREW)
Faculty of Business > Centre for Work and Employment Research (CREW) > Leadership & Organisational Behaviour Research Group (LOB)
Faculty of Business > Department of Human Resources & Organisational Behaviour
Related URLs:
Last Modified: 25 Sep 2019 08:46
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/25253

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