The COVID-19 crisis has had a profound impact on the Australian economy and society. See how the AICD’s members have responded and what policies they would like to see to support recovery.
Between 18 May and 2 June, more than 2,300 AICD members from a range of sectors responded to a survey on the governance impact of COVID-19. The results showed the challenges that the crisis has posed to many organisations and the bold steps required to see Australia through the recovery phase.
Survey result highlights
- More than two-thirds (68 per cent) of members would like the Federal Government to radically rethink its agenda and develop new policy priorities for a post-COVID-19 world.
- AICD members on average expect their organisations to operate at 84 per cent of capacity over the next six months.
- Many respondents (44 per cent) expect to have reduced workforces over the next six months compared to pre-COVID-19 levels.
- NFP members (43 per cent) are concerned with making going concern assessments or solvency declarations about their organisations in light of the pandemic.
- The top strategic priorities for AICD members in the next six months include addressing cash flow and customer demand uncertainty, pivoting business operationally and adapting to new ways of working.
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