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  • October 6, 2020
  • Article
  • Harvard Business Review Digital Articles

COVID-19 Is Rewriting the Rules of Corporate Governance

By: Lynn S. Paine
  • Format:Electronic
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Abstract

Boards are facing a complex new reality as a result of COVID-19. The new environment is characterized by pressures and demands from various stakeholder groups, heightened expectations for societal engagement and corporate citizenship, and radical uncertainty about the future. These factors are complicating board decision-making and challenging the shareholder-centric model of governance that has guided boards and business leaders for the past several decades. A board’s ability to deliberate in a thorough and thoughtful, but efficient, manner and come to a considered conclusion around key issues will be a critical aspect of its effectiveness in the post-COVID era.

Keywords

Health Pandemics; Corporate Governance; Governing and Advisory Boards

Citation

Paine, Lynn S. "COVID-19 Is Rewriting the Rules of Corporate Governance." Harvard Business Review Digital Articles (October 6, 2020).
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About The Author

Lynn S. Paine

General Management
→More Publications

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More from the Author
  • Shareholders vs. Stakeholders: Who Is Winning the Battle for Corporate Governance? By: Lynn S. Paine
  • Onboarding By: Lynn S. Paine, Julia Hanna and Tosh Barron
  • Transforming Kimball International, Inc. (B) By: Lynn S. Paine and Will Hurwitz
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