Equally beneficial for management and governance professionals supporting the board and responsible for disclosure, BDO’s “Global Trade Tensions: What Should the Board Know as Tariffs Evolve and Expand?” identifies tariff-related implications and considerations across the areas of supply chain and operational resilience, pricing strategies and competitive positioning, global operations and compliance, board composition and expertise, and more.
DLA Piper’s “Board duties in the face of business uncertainty: Navigating a changing tariff landscape” sets the stage for recommended board practices in relation to recent tariff developments by providing an overview of associated corporate risks and director fiduciary duties and oversight responsibilities under Delaware law. Sound recommendations for directors are offered in the context of equally critical management responsibilities that enable the board to fulfill its duties and responsibilities.
“Board Governance: Maintaining Balance in Uncertainty” from Sidley’s Holly Gregory suggests how boards may approach and effect their oversight responsibilities across a number of areas including crisis preparedness, CEO performance and succession, risk-informed corporate strategy, financial reporting, stakeholder relations, and governance. Among the key themes are understanding and adhering to an approach that recognizes the proper boundaries between the board’s and management’s roles (which can be circumstances-specific).