{"id":22921,"date":"2020-07-21T10:39:18","date_gmt":"2020-07-21T10:39:18","guid":{"rendered":"https:\/\/www.legal500.com\/events\/?page_id=22921"},"modified":"2022-01-05T17:16:10","modified_gmt":"2022-01-05T17:16:10","slug":"covid-19-was-your-company-fit-for-purpose-australia","status":"publish","type":"page","link":"https:\/\/my.legal500.com\/events\/webinars-home\/covid-19-was-your-company-fit-for-purpose-australia\/","title":{"rendered":"Covid-19 &#8211; was your company fit for purpose? &#8211; Australia"},"content":{"rendered":"<p>The Legal 500 and <a href=\"http:\/\/www.blended.capital\"><b><u>The Blended Capital Group<\/u><\/b><\/a> convened their second event in a series of online forums for ten countries worldwide in Australia on <b>27 August 2020<\/b> <u><b>(4.00pm-6.00pm Australia Eastern Standard Time (AEST)\/UTC+10)<\/b><\/u>. Australian thought leaders from the business, legal and policy communities, joined by a number of international guests, answered whether corporate Australia was fit for purpose to handle Covid-19 and what next as business reality for the post Covid-19 era is explored?<\/p>\n<h3>Country context<\/h3>\n<p>Australia locked down early, created a widely heralded National Cabinet to forge a cohesive response to Covid-19 and managed to limit deaths from the virus to 128 by late July. However, a surge in infections saw the State of Victoria reimpose a lockdown on 9 July attracting global media attention and by 22 July the State recorded its\u2019 peak number of daily infections at 484. Australia\u2019s call during the World Health Assembly for an &#8216;impartial, independent and comprehensive investigation into the handling of the Covid-19 outbreak&#8217; sparked a furious diplomatic response from China that looks set to threaten the two country\u2019s critical trading relations.<\/p>\n<p><b>Professor Paul Q Watchman<\/b>, Honorary Professor of Law at Glasgow University, Scotland, and a former Senior Partner in Freshfields Bruckhaus Deringer, chairs the global online process.<\/p>\n<h3>Global learning<\/h3>\n<p>Over five months the conversation will continue around the world. Initially convened in South Africa (18 June) and continuing now in late August in Australia, videos\/summary reports will be published after each forum to help frame and inform the critical governance and legal questions which complex and fast-changing global health crisis poses for business. Resources for the process to date include:<\/p>\n<p><a href=\"https:\/\/businessbeyondcovid19.org\/\"><u>Business Beyond Covid-19<\/u><\/a><\/p>\n<p><a href=\"https:\/\/businessbeyondcovid19.org\/briefing-paper\/\"><u>The Future Fit Foundation leadership paper<\/u><\/a><\/p>\n<p>As the global Pandemic proceeds, Australia, like many countries, is awakening to the real-world decisions and trade-offs for political and business leaders who are coming under intense scrutiny. When and how to start the economy? How to create economic growth which sustains a cohesive health system response and bolsters a country\u2019s social safety net? How to ensure the cure is not worse than the disease? These most difficult of decisions will demand the wisest of counsel to ensure society-wide buy in.<\/p>\n<h3>Why the forum?<\/h3>\n<p>We asked Australia\u2019s corporate sector:<\/p>\n<ul>\n<li>Was it fit for purpose to handle Covid-19?<\/li>\n<li>Did your company\u2019s culture, governance mechanisms, legal infrastructure, and operations withstand the unimaginable complexity posed by the deadly virus?<\/li>\n<li>Did corporate Australia justify their social licence to operate?<\/li>\n<\/ul>\n<h3>Focus:<\/h3>\n<p>What legal, insurance and continuity lessons will we learn across different sectors?<\/p>\n<ul>\n<li>How is your company exposed? How did you fall short?<\/li>\n<li>Which company in your sector showed resilience through clear leadership? How can lessons be show-cased?<\/li>\n<li>How are your Directors and Officers liable for the company\u2019s performance during the crisis?<\/li>\n<li>How will policy-makers and regulators address corporate failings in their human resources response<\/li>\n<li>Did your company take the threat of systemic risks seriously?<\/li>\n<li>How will investors view your company\u2019s performance? Will investors seek legal redress from those companies where a sub-optimal response destroyed value?<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Legal 500 and The Blended Capital Group convened their second event in a series of online forums for ten countries worldwide in Australia on 27 August 2020 (4.00pm-6.00pm Australia Eastern Standard Time (AEST)\/UTC+10). Australian thought leaders from the business, legal and policy communities, joined by a number of international guests, answered whether corporate Australia &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/my.legal500.com\/events\/webinars-home\/covid-19-was-your-company-fit-for-purpose-australia\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Covid-19 &#8211; was your company fit for purpose? &#8211; Australia&#8221;<\/span><\/a><\/p>\n","protected":false},"author":20,"featured_media":0,"parent":20789,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-22921","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/pages\/22921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/comments?post=22921"}],"version-history":[{"count":1,"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/pages\/22921\/revisions"}],"predecessor-version":[{"id":31442,"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/pages\/22921\/revisions\/31442"}],"up":[{"embeddable":true,"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/pages\/20789"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/events\/wp-json\/wp\/v2\/media?parent=22921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}