Board Implications of the CARES Act
In brief: To survive the COVID-19 crisis, boards can avail themselves of a variety of new government programs under the CARES Act, which became law on March 27. The new law—the largest government aid package in US history at more than $2 trillion—provides funding to government agencies, businesses, and individuals, along with tax breaks and other incentives. The new law includes programs (and new requirements) for the health care and airline industries.
This resource can help your board and key committees to
- identify government programs of potential interest to your company, and
- adhere to any conditions set under these programs.
Most relevant audiences: boards of small businesses, health care companies, and airlines; members of compensation committees, finance committees, and risk committees