Boardroom Tools

How to Win in the Next Recession: What Boards Should Know About Preparing for and Innovating Through the Next Downturn

By NACD Staff


Boardroom Tool Recession Emerging Risk

In brief: As we hit the midway point of 2020, the pandemic impacts are stark, and the United States is in an economic downturn. Boards have had to navigate the tandem crises of COVID-19 and a slowing economy. This brief, written by Grant Thornton and originally appearing in the 2020 Governance Outlook: Projections of Emerging Board Matters, delves into how a board can brace for a true recession while continuing to innovate through a crisis successfully.

This resource can help your board to

  • prepare for a recession,

  • innovate through an economic crisis, and

  • evaluate management’s preparedness for an economic downturn.

Most relevant audiences: Lead directors, risk committee chairs, risk committee members, audit committee chairs, and audit committee members

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