Coronavirus (COVID-19) is having an unprecedented impact on the world’s economy, including historic stock market declines, a virtual standstill in business and leisure travel, closures of schools and businesses and a focus on “social distancing” through remote working (or not working at all). These shocks are being felt acutely by public company boards of directors and management as they carefully consider how to navigate a business and risk environment of first impression while continuing to comply with their obligations to their shareholders under federal securities laws and regulations and state corporate law. This client alert highlights some of the key issues that public companies should be considering during these challenging times.
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