THERE is a world of difference between pre-pandemic and post-pandemic and for companies, this goes all the way to the top. Proactivity is now required of board directors as they strive to simultaneously address business model disruptions against a slowing global economy and digitalization against effective management of cyber risks, among numerous other issues.

Corporate governance, or the ways companies are run to achieve their goals, has come to the forefront of the conversation. The strategy is primarily decided upon by company boards and the term encompasses every decision related to the management of a company, from ways to improve the year's financial outlook to the values and performance metrics the company prioritizes.