The shifting landscape has created an urgency for boards to be prepared for unprecedented changes and risks.
The world is experiencing a tectonic geopolitical shift. A series of events over the past two years—including Russia’s invasion of Ukraine, the growing tensions between the United States and China, and most recently the burgeoning conflict between Israel and Palestine—has brought unprecedented uncertainty, volatility and geopolitical fragmentation.
Coupling these events against the backdrop of the weaknesses exposed by the COVID-19 pandemic in global supply chain resilience, crisis preparedness and response, the challenges facing corporate boards of directors and the organizations they oversee have not been greater in recent history. Boards must be laser focused on geopolitical risks, understanding the significance and impact of international developments, and calculating the long-term consequences of these paradigm shifts.
Boards of directors play a critical role in overseeing and assessing the corporation’s management of geopolitical risks and the responses to changes in circumstances and operating environments.
For Corporate Board Member, David Holley and Snezana Gebauer provide practical insight on how the Board can begin to safeguard against these risks and challenges.
