Corporate Reputation and Covid-19: The Role of the Non-Executive Director
A report by NEDA
A report by NEDA
In the summer of 2020, the Non-Executive Directors’ Association (‘NEDA’) and Infinite Global, launched a new research initiative to obtain the opinions and experiences of Non-Executive Directors (‘NEDs’) regarding the impact of Covid-19 on corporate reputation.
This survey followed the Infinite Global and NEDA 2019 report, ‘The Independent Voice, Corporate Reputation and the Role of the Non-Executive Director’, and served as a follow-up to the first Roundtable discussion in 2019 which explored the role NEDs have to play in corporate reputation management.
With responses gathered from current or aspiring NEDs this survey provides a snapshot of boardroom decision-making at the height of the crisis, the centrality of reputation risk as a key focus, and the changing role of NEDs in advising on corporate reputation issues. Key findings include:
· Reputation at the top of the agenda – Seven in ten NEDs (69%) said that reputational risk is now the most or one of the most important factors affecting board-level decision-making
· Rising expectations on NEDs – Two-thirds (66%) said they have been consulted more and contributed more to board discussions on reputational issues during the pandemic so far
· Communications at the core – According to nearly three-quarters (71%), communications have been a critical part of how their organisation has responded to Covid-19 with 88% saying that communications have increased during the Covid-19 response
· Seizing the opportunity – Most NEDs retain a positive outlook on the future and the vast majority (87%) believe that organisational opportunities will emerge out of the near to midterm Covid-19 disruption
“NEDs are playing a more important role than ever before in shaping the communications agenda and doubling down on reputation risk management in the boardroom.”
To obtain a copy of the full report click here