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Pandemic should force corporate boards to think beyond the bottom line

Maybe this crisis is, when it comes to corporate governance, a blessing in disguise

Businesses are suffering an unprecedented disruption. Every corporation is consumed with issues arising out of the COVID-19 pandemic, which has put their relationships with each of their stakeholders – employees, creditors, suppliers, regulators, shareholders – in stark relief.

During this period of turbulence, stakeholders are looking to boards of directors to address the impacts of the coronavirus. How boards balance and prioritize those stakeholders has to shift with shifting circumstances, just as boards are forced to think about the long-term sustainability of their business.

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