Let us look at these five: Governance, risk management, budget and forecasting, liquidity and human capital. Transforming governance structuresAt the onset of the pandemic, organizations were pushed to exhaust their crisis management teams. Applying lessons from the pandemicMany companies still have inadequate risk management processes, and the time to strengthen them is now. On the other hand, companies with advanced risk management processes should prioritize updating their risk registers, applying learnings gained from the past few months. Analyzing liquidityOne of the most difficult parts of pandemic recovery is liquidity, leading to stress on company treasury functions.

Source: Manila Times December 23, 2020 01:52 UTC