The Recession Talk Your Board Should Have

Don't waste valuable time discussing the nuts and bolts of cost-cutting. Your board should be asking if a recession presents any opportunities for growth

Given the increasing likelihood of a recession, board meetings in the next few weeks are certain to include discussions about course corrections to stave off potential earnings hits. Such discussions are likely to irritate many management teams, who have seen little time pass since completing their multimonth budgeting process. But there is a much larger issue than how management will react to such talks: Are boards having the right recession-related discussions?

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