2021 Directors' Alert
In our January Directors’ alert, independent directors in Singapore and Europe weigh in, along with Deloitte Global CEO Punit Renjen, on the leadership challenges and new priorities boards face at this pivotal and historic moment. Board directors will need to help management overcome pressing, immediate challenges while helping guide organizations on the best path to thrive in the future. To navigate effectively, directors will need to model and encourage smart, effective, skilled leadership, coupled with open communication and a commitment to transformation. How quickly regional economies can emerge from the grip of COVID-19 will impact boardroom agendas around the world. With that in mind, we’re kicking off this alert with Deloitte’s global economic outlook.
As 2021 begins, the world faces promise and peril. Vaccine distribution is underway, offering the promise that COVID-19 could ultimately be quelled sometime this year. Meanwhile, however, the pandemic continues to threaten economic stability, especially in parts of the world where the outbreak has not been controlled. This is true in the United States and the United Kingdom and threatens to be a problem elsewhere if the new strains of the virus spread further. The challenge for policymakers will be to stifle the current outbreak, protect those who are disrupted, and speed up distribution of vaccines.
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