COVID-19 has brought forth the need to address monitoring and oversight responsibilities by creating a committee that could be tasked with evaluating and, if necessary, adopting any available preventative measures regarding the impact of COVID-19 on the company’s operations. For the Board of Directors, which is charged with overseeing the short-term and long-term health of the corporation and its business prospects, navigating the COVID-19 crisis requires careful consideration of a range of issues under these unprecedented circumstances.