Crisis Management From The Board's Perspective

Law360, New York (November 5, 2012, 2:50 PM EST) -- In our previous two articles in this series, we have addressed the applicable legal standards governing board of directors’ risk and crisis-management responsibilities and the recommended approach to risk management. In this article, we turn to a related, but distinctive concept — crisis management — again, from the perspective of the board of directors. How is crisis management different from risk management? What is the role of board of directors in crisis management?

 

In any business, there are some risks that are impossible to eliminate...
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