Corporate directors are working harder than ever these days, yet many might describe their efforts as akin to playing Whac-A-Mole. No sooner is one issue put to bed than another pops up.
Boards are being forced to confront a seemingly endless list of uncertainties, among them the Covid-19 pandemic, inflation, a surge in borrowing costs and bank failures. Even bigger crises loom in the form of climate change and loss of biodiversity.
And that’s not all. Board members must also deal with the challenges of new regulations, activist shareholders, artificial intelligence and the ever-growing threat of being sued.
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