Cynthia Jamison: "In this Downturn Boards Should Focus on Liquidity and Incentive Plans."

This podcast episode consists of 12 sections, covering diverse topics such as the career journeys of financial experts, the experiences of interim CFOs, insights into boardroom dynamics, and reflections on diversity and leadership challenges. It offers valuable perspectives on topics ranging from economic downturns and ESG sustainability to the importance of unsung heroes in society. Takeaways • Turnaround CFOs play a crucial role in resolving troubled financial situations, often working on projects for extended periods. • Interim CFOs provide valuable expertise to companies during transitions or crisis situations. • Board members should focus on preserving cash flow and liquidity during economic downturns, and be prepared to make tough decisions if necessary. • Generational shifts, diversity, and ESG issues are reshaping boardroom dynamics, presenting both challenges and opportunities. • The changing dynamics of human capital due to COVID-19 emphasize the need for board members with relevant expertise and experience. • Diversity in the boardroom is crucial, but should be achieved through long-term planning and investment in developing talent. • Society's reward system often undervalues the contributions of unsung heroes who make a positive impact without receiving adequate financial rewards or recognition.