Corporate Governance Practices in the Context of the Pandemic Crisis

15 Pages Posted: 5 May 2020 Last revised: 10 Jun 2020

See all articles by Sudha Mathew

Sudha Mathew

University of Westminster

Sheeja Sivaprasad

University of Westminster

Date Written: May 1, 2020

Abstract

What is the impact of the COVID-19 crisis on the corporate governance practices of firms? In this paper, first, we discuss the impact of COVID-19, then analyse how corporate governance practises have been affected and conclude with recommendations of policies to be adapted by firms in principle to cope with pandemics of this magnitude. The pandemic crisis triggered unprecedented changes in the manner the firms are governed and managed. This discussion suggests that pandemics have an impact on the governance of firms and how going forward, firms should be prepared to face any eventualities by paying attention to business continuity plans in the event of natural disasters and pandemics. Overall, this paper provides some of the initial insights on how COVID-19 pandemic has given rise to both opportunities and challenges for firms. This article recommends a corporate governance policy focussing on sustainability, well-being and IT infrastructure of coping with any future challenges arising from the aftermath of the pandemic crisis.

Keywords: Corporate governance; board of directors; stakeholders; pandemic crisis

JEL Classification: G3, G30, G38

Suggested Citation

Mathew, Sudha and Sivaprasad, Sheeja, Corporate Governance Practices in the Context of the Pandemic Crisis (May 1, 2020). Available at SSRN: https://ssrn.com/abstract=3590253 or http://dx.doi.org/10.2139/ssrn.3590253

Sudha Mathew

University of Westminster ( email )

309 Regent Street
London, W1R 8AL
United Kingdom
64661 (Phone)

Sheeja Sivaprasad (Contact Author)

University of Westminster ( email )

309 Regent Street
London, W1R 8AL
United Kingdom

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