Building Resilient Company: Board’s Role

Board plays a key role in ensuring that Management of the company is well prepared & create a resilience in the organization to manage potential risks. Board enables organization in aligning & articulating Management philosophy, culture, strategic choices, guiding principles based on risk appetite of the organization.

Board facilitates through reviews in analyzing impact of Mega & demographic trends, Social & environmental challenges, anticipate competition from outside industry, attention to social concerns around and develop strategic & operational risk mitigation.

Board guides to prepare organization to be resilient as every risk cannot be planned eg Covid 19, but develop an ability to respond quickly as per response for the moment through scenario building for decision making, humility & empathy of caring, passion to create challenge in opportunity, adaptability & flexibility for actions and create engagement & value for all stakeholders for sustainable performance.?