The world as we know it has changed. And it has exposed the fragility and vulnerability of our existence. A public healthcare issue in Wuhan, China created unprecedented challenges across the globe. This set in motion a global economic slowdown. From volatility in global oil prices and political unrest to joblessness across the world, and it has had an impact on our people, our communities, and our businesses. At the same time these challenges are creating a lot of opportunities enabling creative thinking, and catapulting innovative solutions to prime time that otherwise might not have been invented discovered, and/or come into existence for a long time.
While there are a lot of predictions as to what will change now is the time for leaders to pause and reprioritize what’s important to their people and their communities. Below are five ways in which leaders can pause and reflect upon how the current environment impacts their programs related to GRC:
- Reflection on vision
- Reflection on culture
- Reflection on existing capabilities
- Reflection on innovating
- Reflection on social governance
Please click on the paper to gain a deeper understanding of these reflections and how KPMG can help assist you and your clients businesses during this unprecedented time.