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Banking executives discuss overseeing emerging risks and adapting operations through the COVID-19 crisis

On April 29 and May 1, Bank Governance Leadership Network (BGLN) participants joined two virtual meetings to discuss the global response to the COVID-19 pandemic and implications for large banks. The key themes that emerged are:

  • Credit issues and the implementation of government-backed loan programs
    Bank boards and management teams are managing a tension between the need to move quickly to extend financial support—including via government mandated loan programs—to customers impacted by the crisis and the need to ensure that the proper controls, risk management, and ethical lending practices are in place.

  • Monitoring and measuring risk through unprecedented uncertainty
    Board oversight of risks in the current environment is being challenged by a range of unknowns outside the control of banks.

  • Heightened concerns around technical and operations resilience
    Around the globe, bank leaders have observed—with some surprise—strong business continuity thus far, despite the disruptions caused by the pandemic and massive migration to remote working. However, some highlighted emerging operational risks as the current operating environment persists.

  • Considering changes to management and operations.
    Participants discussed key organizational challenges and concerns that have emerged as the impact of the pandemic continues to unfold.

Read the full ViewPoints here.

Board and audit committee oversight of COVID-19 pandemic response and recovery

From April 14 to April 30, 2020, Tapestry Networks convened a series of virtual meetings with the audit committee chairs of more than 100 large US public companies, to discuss how boards and audit committees are responding to the COVID-19 pandemic. EY experts and senior leaders joined the audit chairs in these meetings.

Tapestry Networks published two earlier special editions of ViewPoints based upon similar meetings from March 24–April 11. This third special edition synthesizes discussions about two issues and offers questions for reflection.

  • Charting the path to a ‘new normal’ as employees return to work

  • Assessing supply and demand uncertainty as companies restart their businesses

Read the full ViewPoints here.

The Cyber Risk Director Network

Private sector wants more — and better — cybersecurity cooperation with government

Morning Consult is a global technology company revolutionizing ways to collect, organize, and share survey research data to transform how decisions are made.

On March 9, 2020, Morning Consult published an Op-Ed written by Jonathan Day and Michael Mahoney of Tapestry Networks. The piece highlights the need for better coordination between the government and corporations on dealing with emerging and evolving cybersecurity threats. 

Read the Op-Ed in full.

Highlights: Assessing the results of the diagnostic quality assurance pilot


In May 2019, Tapestry and members and liaisons of the multistakeholder Steering Committee (SC), which oversees the progress of the diagnostic quality assurance pilot, met to discuss the pilot’s results. Since its launch in 2016, the pilot has aimed to create a process to compare the performance of molecular diagnostic tests that are used for selection of targeted therapies, using a test case of a next generation sequencing (NGS) diagnostic for a specific targeted cancer treatment. Earlier this year, 18 volunteer laboratories returned data to the pilot’s technical implementation team at the College of American Pathologists, marking an end to the pilot testing phase. The data compared performance of laboratories’ validated tests with specifications set by an FDA-approved companion diagnostic (CDx).  


During the May meeting, the CAP’s Scientific Technical Working Group (STWG) leadership presented a summary of the dataset and lessons learned from implementing the pilot. Collectively, the STWG representatives and SC discussed the results’ technical implications, and their meaning for various stakeholders and SC members’ organizations.  Moving forward, SC members are committed to sharing outcomes later in 2019 through a peer-reviewed technical publication, a white paper, and, potentially, through other mediums. Read more here

Upcoming meetings

Bank Governance Leadership Network

March 2020, New York City



West Audit Committee Network - South Chapter

March 2020, Santa Monica, CA



Compensation Committee Leadership Network

March 2020, New York City



Lead Director Network

March 2020, Washington, DC



Insurance Governance Leadership Network

March 2020, New York City



Central Audit Committee Network

March 2020, Chicago



Welcome To Tapestry

Tapestry is pleased to announce our newest partner, Marsha Ershaghi Hames. Marsha is a certified compliance and ethics professional. 

Prior to joining Tapestry, Marsha was a managing director of strategy and development at LRN, Inc. a global governance, risk and compliance firm where she specialized in the alignment of leaders and organizations for effective corporate governance and organizational culture transformation. She has been interviewed and cited by the media including CNBC, CNN, Ethisphere, HR Magazine, Compliance Week, The FCPA Report,, Chief Learning Officer, ATD Talent & Development, Corporate Counsel Magazine, the Society of Corporate Compliance and Ethics and more. She hosted the “PRINCIPLED” Podcast, profiling the stories of some of the top transformational leaders in business.

Marsha joins Tapestry's corporate governance practice. Welcome, Marsha!


Recent Publications

Sustainability and purpose in banking

Bank Governance Leadership Network, April 2020

Read more here.

Shareholder activism

European Audit Committee Leadership Network, April 2020

Read more here

Private sector wants more — and better — cybersecurity cooperation with government

An Op-Ed from Morning Consult, March 2020

Read more here

Dialogue with Ralf Bose and Alain Deckers on Audit Committee Realities

European Audit Committee Leadership Network, February 2020

Read more here

Corporate purpose and the post-global world

Compensation Committee Leadership Network, December 2019

Read more here


Making the system resilient in a new age of financial services

Financial Services Leadership Summit, December 2019

Read more here