How You Think You Should Handle Corporate Governance in Crisis
]] Ignore the issue and hope it goes away
]] Make decisions without consulting key stakeholders
]] Downplay the severity to protect the company’s image
How You Actually Handle Corporate Governance in a Crisis
- Be transparent and communicate openly
- Engage with stakeholders and seek their input
- Acknowledge the situation’s seriousness and take decisive action
Make people WANT to trust your leadership and rely on your company.
By demonstrating transparency, inclusivity, and integrity, you build trust and credibility, encouraging stakeholders to support and work with you, even in challenging times.