Is your Board of Directors prepared for a Black Swan event?

Is your Board of Directors prepared for a Black Swan event? We are living in interesting times, to say the least. In military terms, we are living in a VUCA world. Board members need to be prepared for all scenarios, including the unexpected, which could include physical disasters, weather events, war, cyber security attacks, energy, and various financial crisis that impact your business and the ability to operate. Boards should have their business continuity plans in place and have a clear strategy for how to deal with a range of situations. Put it on your next Board meeting agenda to discuss.