What Did The Board Know: SVB-Led Bank Crisis Raises Questions Among Directors
Directors reflect on their risk oversight practices, as three-quarters say the SVB board failed in fulfilling its fiduciary duty to protect the company.
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Directors reflect on their risk oversight practices, as three-quarters say the SVB board failed in fulfilling its fiduciary duty to protect the company.
Board members agree on one thing and that’s uncertainty. Many say that demand has weakened, while others say their sector remains strong.
Board members predict a short-term recession in 2023 fueled mainly by uncertainty. Most expect recovery by the end of 2023, if not sooner, and look forward to more stability both domestically and globally.
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