Pillsbury Lawyers Advise NYSE Companies on Crisis Management in Comprehensive New Guide

NEW YORK—The New York Stock Exchange this month published Corporate Governance: A Practical Guide, featuring a chapter authored by members of Pillsbury’s preeminent Crisis Management Team. Partners Thomas Campbell and Fusae Nara, along with senior associate Stella Pulman and associate Nicholas Krohn, contributed Chapter 25: “How to survive and thrive in a crisis.” In the chapter, the lawyers discuss how businesses can handle catastrophes in a “new normal” where information and connections between companies are more transparent than ever.

“Many companies have exploited these new market conditions and, as a result, have been richly rewarded,” the lawyers write. “But, at the same time, they must prepare for the inevitable volatility that also comes from this flat, complex, interconnected and transparent world.”

According to the NYSE, the goal of the guide is to help listed companies navigate key corporate governance issues, underscoring the role of good corporate governance in protecting shareholder value and, in turn, the capital markets. In addition to the chapter on crisis management, the guide features content about selecting and developing a high-quality board, implementing risk-management controls, succession plans for senior management, communication with shareholders, and ethics and compliance programs.

The guide was sent to thousands of individuals at nearly 2,500 NYSE member companies. Electronic copies of the publication may be accessed here.