The IoD believes that strong corporate governance and clear leadership will help organisations to respond well to this unprecedented situation.
Strong, decisive boards who assess all the risks and formulate robust, well-informed response strategies will be best placed to navigate these difficult waters over the coming weeks and months.
Markets function best when underpinned by good governance and Guernsey’s strong and stable regulatory and legal frameworks should put the island’s economy in a good position to recover quickly.
Good leaders must take the long view and stay focused on the horizon, and we need to be alert to the potential that a ‘new normal’ may emerge from this crisis and consider how our businesses can respond.
Guernsey has always proven itself to be agile when necessary and we hope that the island’s businesses can develop even more resilience as we navigate these tricky waters.
Keep up to date with the States of Guernsey advice here.