Exclusive interview with Shellye L. Archambeau, board member of Verizon and Nordstrom When the utterly unexpected happens, a board of directors should immediately assess the potential impacts to the company on all fronts. Operations, supply chain, employees, and others. More importantly, board members must press management to assure that it has an adequate understanding of the potential effect of the crisis, said Shellye L. Archambeau, member of the board of directors at Fortune-500 Verizon Communications and Nordstrom. In rough weather, directors might be tempted to forget strategy and become tactical thinkers or involved in day-to-day duties. Archambeau recommends not jumping in. Naturally, directors should be aware of what is happening in the “here and now” and of the tactics deployed. […]
How should boards of directors react to unanticipated risks?
Related
Articles & Interviews
Removing Roadblocks to Carbon Market Expansion: Insights from Bank of America’s Managing Director, Karen Fang
Carbon markets stand out as potentially one of the...
Articles & Interviews
A deliberate and inclusive path to influence: The 10th anniversary of the Adrienne Arsht Latin America Center at the Atlantic Council
Over the past ten years, one of the defining...
Articles & Interviews
The secret of success of the Adrienne Arsht Latin American Center at the Atlantic Council: How to build relevance by fostering socioeconomic prosperity
The mission of the Adrienne Arsht Latin American Center...