COVID-19 Board Oversight Structure

By Randi Morrison posted 04-21-2020 08:36 PM

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Although not necessarily keen on standing board-level Risk Committees, Hunton Andrews Kurth's "Should the Board of Directors Create a Special Committee to Oversee the Corporation’s Response to the Pandemic?" suggests boards consider creating special COVID-19 committees due to the atypical demands - including increased meeting frequency - associated with the pandemic that may weigh in favor of a dedicated committee composed of directors who can participate in frequent calls on short notice and whose qualifications are best suited to addressing the types of challenges raised by the pandemic. Among the expected benefits of such a committee is effective board oversight - both in fact, as well as for the written record, which may mitigate future litigation/enforcement liability risks.

This post first appeared in the weekly Society Alert!

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