Diligent Institute's "Ask a Director - What Lessons Have Boards Learned from COVID-19?" shares instructive insights and varying perspectives from directors based on the Institute's interviews with two dozen directors across sectors, geographies, and backgrounds on a variety of relevant topics including virtual board meeting upsides and downsides, changes in formality/informality and frequency of communications among directors and the board and management, shifts in board agenda priorities, balancing short- and long-term perspectives, blurring of board/management boundaries, virtual succession and onboarding, enhanced focus on human capital, enhanced perspectives on risk management processes and practices, and much more.
For those who doubted that the pandemic may effect long-term changes in corporate governance, this report is likely to be cause for reconsideration of that viewpoint.
See "Corporate Directors Care More About Mental Health Amid COVID-19" (Corporate Counsel) and additional information & resources on our Coronavirus (COVID-19) Resources and Board Practices/Governance Practices pages. This post first appeared in the weekly Society Alert!