In these unprecedented times we currently find ourselves in, often termed the “permacrisis” era, directors have had to face the tough task of going above and beyond to protect their organizations. This has necessitated a deeper dive into effective crisis management practices, regardless of their level of expertise or experience. One such imperative measure was the in-depth tabletop exercise facilitated by Foley & Lardner LLP on November 2, 2023, in Silicon Valley.
Part and parcel of Foley & Lardner’s sponsorship of the NACD Northern California chapter, the tabletop exercise was a collaborative event involving prominent stakeholders. Alongside Foley & Lardner, Elizabeth Lampert PR, FTI Consulting, and Heffernan Insurance Brokers played crucial roles in hosting this exercise on crisis management. These collaborative efforts aim to ensure directors can appropriately navigate, and ideally ward off, any crises that may potentially impede their organizations.
This event and the insights brought to light during it serve as a stark reminder: crisis management strategies have evolved tenfold over the past few years. Directors and legal professionals alike must adapt and fortify their approach to crisis management to endure the complexities this age of “permacrisis” demands.
More details on the key takeaways from this tabletop exercise can be found here.