The role of the board of directors in to the context of COVID-19: how should corporate directors act?
Gouvernance - Administrateurs & Dirigeants - Corporate Governance - Directors & Officers
24/04/2020
Extrait de cet article de Langlois Avocats / Lawyers publié le 2 avril 2020 :
"It is the responsibility of directors to supervise & guide management in navigating the crisis & to ensure that management adequately considers the extent of the risks generated by COVID-19 on the company’s strategy, operations & financial health, in accordance with its values. "(...) "Directors are subject to a fiduciary duty to the corporation, obliged to act for the good of the company & to take into account the interests of all stakeholders."(...) "Inadequate control (...) by directors could lead to the following allegations of misconduct: - inconsistent & disruptive management of the risks resulting from poor communications with clients, staff, suppliers & investors; - poor management of IT, (...) undermining data security & confidentiality (...); -poor compliance with health standards, leading to the spread of COVID-19 within the company; (...)" "Directors need to work with management to explore opportunities for recovery & to set up winning conditions to take full advantage of the post-COVID-19 environment. "
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