Accelerating Focus on Culture and Talent in the Boardroom: Part 2
From Genevieve Boland
The pandemic is reshaping the way boards and companies approach many aspects of business. A key piece to the puzzle is ensuring a company has the talent in place to adapt with agility to the inevitable changes brought on by the crisis. As the crisis evolves and business is disrupted, boards will see which executive leaders rise to meet new challenges and inspire confidence – and which do not. Recent research indicates nearly 50% of business performance is determined by the mindsets and behaviors of leaders and employees. There is an opportunity to see what this crisis reveals about the management team and ask, “is our current leadership team and CEO able to navigate this crisis to see it through and prepare the company for changes on the other side?” During this, or any crisis, boards face the unique opportunity to sharpen their understanding of who the company’s leaders truly are.