Majority of board members says companies are organised and prepared
The survey highlighted the importance of long-term strategy.
The Singapore Business Review article, “Majority of board members says companies are organised and prepared,” featured findings from a joint research from Russell Reynolds Associates and the Singapore Institute of Directors (SID). The article is excerpted below.
Majority or 88% of Singapore’s board members are confident in their board’s organisation and clarity of responsibilities despite the current situation, according to a research from the Singapore Institute of Directors (SID) in collaboration with Russell Reynolds Associates.
In addition, 63% identify their companies as “very resilient” or “reasonably resilient” in confronting negative outcomes brought by the pandemic.
However, the report noted that 59% of the board’s time is spent dealing with the pandemic’s current impact, highlighting that they should also focus on allotting time to reexamine business strategies aside from just addressing a company’s immediate needs.
To read the full article, click here.