What is the effect of Cold War II on corporate governance?

What should boards and companies do or not do when confronting the impact of geopolitical crises? It may be helpful to consider the broader context giving rise to these issues, namely why we’re in the situation, the lessons we’re learning about geopolitical risk in real time and the key insights that may be helpful in preparing for future geopolitical crises. These questions are timely because they address very important, urgent and serious matters that deserve thoughtful and prudent consideration.

 

History Did Not End After the First Cold War

After winning the Cold War, the West embraced the hopeful but mistaken notion that we could dismiss traditional forms of great-power competition and balance-of-power diplomacy. But hope is not a strategy; that misguided consensus was based on two faulty assumptions:

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