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Leadership is often lonely. This conversation reveals the unspoken challenges at the top, and creates resources for connected leadership.
Episodes
Sunday Apr 23, 2023
Sunday Apr 23, 2023
The recent crisis and failure of Silicon Valley Bank (SVB) has highlighted the need for businesses to be proactive in safeguarding their operations from potential risks associated with bank failures. In this episode, we explore how having a board of executives can play a crucial role in mitigating the impact of bank failures, like the SVB crisis, on your business.
We'll start by examining the specifics of the SVB crisis and the consequences businesses may face when their financial partner fails. From disrupted cash flows and frozen accounts to loss of access to credit and strained business relationships, we'll delve into the challenges businesses may encounter in the aftermath of a bank failure.
Next, we'll discuss the importance of having a board of executives in place to mitigate the risks associated with bank failures. We'll highlight how a board of executives can provide oversight, guidance, and strategic decision-making to navigate through financial challenges, including the collapse of a financial institution like SVB. We'll explore the role of the board in conducting thorough due diligence when selecting financial partners, monitoring the financial health of partner institutions, and diversifying financial relationships to mitigate risks.
Join us as we explore the critical role of a board of executives in safeguarding businesses from the risks associated with bank failures, like the SVB crisis. We'll provide insights, practical advice, and actionable strategies for businesses to proactively mitigate risks and protect their operations. Don't miss this timely episode that sheds light on the importance of having a robust board of executives to safeguard businesses from the potential repercussions of bank failures.
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