September 25, 2020 Executive Compensation Resilience Articles

Resource Library / Insights / Articles
Resilience

How Boards Can Plan for the Disasters That No One Wants to Think About

While some have described the Covid-19 pandemic as a black swan event, in reality it should be treated as a “black elephant” — a cross between a black swan event and the elephant in the room.

From climate change to cybersecurity, there are plenty of other visible, looming black elephant events that companies should be preparing for. Successful companies need to build in resilience to prepare for these events around three areas — governance, leadership development, and compensation — where boards should play a special role in preparation for future threats.

The companies that thrive in the future will have built resilience into their systems, and they’ll have a ready playbook for getting through black elephants. This article offers board-level guidance for getting there, through governance, leadership development, and compensation programs.

View the full article as it was originally published.

Blair Jones

Seymour Burchman

This article was originally published in Harvard Business Review.

Related Insights

View Insight Collections

by Theme or Search