Possible Management Liability Implications from COVID – 19
While we may have gotten a hold of the spread of COVID-19, unless a second wave hits, the landscape regarding Risks has changed in general. The financial challenges as well as the business restrictions has forced management to react quickly to the new business environment. Many decisions made have had significant impact on business operations and the management of staff. While airlines, travel companies, the hospitality sector, and manufacturers have been particularly hard hit, many other companies’ have been impacted through supply-chain disruption, drops in consumer demand, or closures of offices and factories.
Company’s contingency planning has tested and management decisions no doubt will be scrutinised by employees, customer’s and investors.