FREEPIK
“Unprecedented” is one word that we hear over and over again unprecedented demands, challenges, threats, impacts, and the list goes on. Quoting the World Bank Group, what we are experiencing is “an unprecedented crisis, with devastating health, economic, and social effects felt around the world.” The COVID-19 pandemic has definitely left an indelible mark and has caused distress on everyone.
Did the global pandemic make us realize the value of good corporate governance practices? Are businesses being reactive rather than proactive? This is not the first crisis that businesses faced, but in terms of impact, again, it is unprecedented.