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Global On the board’s agenda

Stepping in: The board’s role in crisis management

A true crisis brings a punishing level of scrutiny and pressure that can be overwhelming if an organization is not prepared to manage it.

In this increasingly volatile environment, it is no longer possible to say ‘it can’t happen to us’ or ‘we’d manage.’

A good crisis response is, of course, about swiftly addressing what has gone wrong, but it is also about being externally focused—communicating to stakeholders, shareholders, regulators—and it is about making big decisions that have a significant impact on the future of the organization. It should be an integral part of the wider organization’s resilience measures and not simply something to deploy when all other options have failed.

There are actions boards can take now—and questions they can ask—to give themselves comfort that the organization is prepared to manage a crisis. When the stakes are high and scrutiny is intense, the board has a unique role. Stepping in may be uncomfortable, but stepping aside is not an option.

Prepare your board today by downloading the latest edition of Deloitte’s Global On the Board’s Agenda publication—Stepping in: The board’s role in crisis management.

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Contacts

Laurent Berliner
Partner – EMEA FSI Risk Advisory Leader
Tel : +352 45145 2328
lberliner@deloitte.lu

Justin Griffiths
Partner – Audit & Assurance
Tel : +352 45145 2692
jugriffiths@deloitte.lu

Yann Merillou
Partner – Audit
Tel : +352 45145 2731
ymerillou@deloitte.lu

Eric Collard
Partner – Forensic & AML, Restructuring
Tel : +352 45145 4985
ecollard@deloitte.lu

Michael JJ Martin
Partner – Forensic & AML, Restructuring
Tel : +352 45145 2449
michamartin@deloitte.lu

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