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Expert advice for boards and directors during the financial crisis

crisis-management

The difficult question of how boards should deal with the financial crisis is discussed by top consultants Ram Charan and Tom Neff via an interview by Geoff Colvin at Fortune.

Charan believes targets for management must be rethought. He warns that old targets cannot be used with small modifications and that "in this era, survival may be an issue".

Neff believes boards should "spend more time thinking about the unthinkable – scenarios that would have seemed irrational, maybe unimaginable, just a year ago".

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