Scott Atkins and Dr Kai Luck examine in this article how underlying corporate governance and risk failures may have contributed to boards being caught so off-guard by COVID-19 and how COVID-19 ‘tunnel vision’ (focused only on pandemic-related business continuity and risk management plans) may lead to companies being exposed to equally devastating risks in other contexts—including climate change and cybersecurity—as the economic recovery period commences across the globe.

While the article looks at some specific Australian regulatory trends, the key corporate governance and risk theme is not unique to Australia and lessons can be taken from COVID-19 for all companies in every region of the world.

Visit nortonrosefulbright.com to read more, “COVID-19: From black swan to boiling frog.”