COVID-19: navigating the ‘CEO moment’
In the wake of the Covid-19 shockwaves, companies are still having to plan and implement return-to-office measures. Given that, and a looming global recession, the pressure – and risks – couldn’t be higher for executives, as highlighted in a recent Clyde & Co. and Allianz Global Corporate & Specialty (AGCS) joint-webinar, ‘Covid-19: D&O Impact and Opportunities’.
“Never let a good crisis go to waste,” is the often brandished call-to-arms being brought out by a number of trade media outlets and financial publications, as they call for corporate leaders to be brave in the face of the Covid-19 uncertainty.
Indeed, McKinsey has termed it as the “CEO moment”, namely, the “once-in-a-generation opportunity” business leaders have to use the current crisis as a springboard to shape how they and their companies work in the future.
The pandemic has hit a reset button, changing customer behavior, disrupting supply chains, and dislocating employees from their traditional places of work. Crucially, it has also contributed to a global recession expected to surpass the spiral of the global financial crash in 2008. As a result, the stakes could not be higher for executives.
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