7. Avoid common governance failings
Some of the most common failings in normal times are poor governance and poor-quality management information. A quick checklist: are the right people meeting? Are committees composed of the right people? Are they meeting frequently enough? Do they have quality information upon which they can take reasonable decisions? According to Nigel, all too often the answer is no to a lot of these questions. During the pandemic when companies are generally exposed to more risk, weaknesses are being exposed in broad daylight. Now is a good time to review governance and management information to be better set-up going forward.