C-SUITE CONCERNS Real Time Data Analytics - Rebuild Resilience. Protect Value - Resilience Barometer

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C-SUITE CONCERNS Real Time Data Analytics - Rebuild Resilience. Protect Value - Resilience Barometer
F T I C O N S U LT I N G R E S I L I E N C E

                  Real Time
B A R O M E T E R COV I D R E P O RT
FEBRUARY 2021

                  Data Analytics

                     C-SUITE
                     CONCERNS

                Rebuild Resilience. Protect Value
C-SUITE CONCERNS Real Time Data Analytics - Rebuild Resilience. Protect Value - Resilience Barometer
F T I C O N S U LT I N G R E S I L I E N C E B A R O M E T E R                                                EXECUTIVE SUMMARY
        RESILIENCE BAROMETER REPORT COVID EDITION

         Executive
    Executive
         Summary
    Summary
    The effect of COVID-19 in numbers
    Average impact of the pandemic on G20 companies

                                                                             Over 40% of G20 companies have experienced a
        Headcount                 Turnover                    Profit         drop in productivity
        -12%                     -10%                       -9%
                                                                             70%     of G20 companies are planning for a prolonged
                                                                             economic downturn due to COVID-19

    Government Debt - The Global Outlook
    What proportion of G20 companies are concerned about rising
    government debt in their country?

    01. India                             75%           06. UK                         56%
    02. South Africa                      75%           07. Germany                    55%
    03. US                                71%           08. Saudi Arabia               52%
    04. Australia                         67%           09. Japan                      49%
    05. France                            60%           10. China                      43%

                  SEVEN RESILIENCE LEVERS

    Escalation Planning & Response

    39                %                                                      78              %
    of G20 companies found that their crisis response plans                  of G20 companies use AI and analytics to monitor for scenarios
    were insufficient to deal with the challenges of COVID-19                that impact risk and compliance

    Business Model & Workforce Transformation

    78%                                                 54%
                                                                                                    86%       of G20 companies now use
                                                                                                    analytics to track the productivity
                                                                                                    of their workforce

                                                                                                    Using before pandemic            46%
    of G20 companies have had to                        of G20 companies are seriously              Started using during pandemic    41%
    fundamentally re-evaluate their business            concerned about the mental health
    models as a result of the pandemic                  of their employees

%

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C-SUITE CONCERNS Real Time Data Analytics - Rebuild Resilience. Protect Value - Resilience Barometer
F T I C O N S U LT I N G R E S I L I E N C E B A R O M E T E R                                                  EXECUTIVE SUMMARY
                                                                                                      THE RESILIENCE AGENDA                  3

Government & Stakeholder Relations
Governments have replaced customers as the most
                                                                            35%

84%
impactful stakeholder group on company strategy:
                                                                            of G20 companies point to extreme pressure to strengthen
                                                                            external stakeholder relationships in 2021

                                                                            82%
of G2O companies say "Governments have a strong potential                   of business leaders believe companies should be run in the
to impact their business" compared to 80% for customers                     interest of all stakeholders, not just shareholders

Economic Impact & Sustainability

                        4 in 5      G20 companies say they have
                        placed more emphasis on the social pillar
                                                                                                      Over 85%
                                                                                                      of companies see COVID-19 as a
                        of ESG since the start of the pandemic
                                                                                                      catalyst to accelerate or materially
                                                                                                      enhance their approach to ESG
                        3 in 4     G20 companies say they are
                                                                                                      and sustainability
                        more committed to climate change than
                        they were a year ago

Remediation & Dispute Resolution

65%                                                 84%                                          69%
of G20 companies have stepped up                    of US companies have increased their         of G20 companies have seen or expect
dispute activity due to financial challenges        budget allocation for investigations         to see an increase in regulatory issues or
and external market disruption                      work since the start of the pandemic         investigations as a result of COVID-19

Operational & Financial Resilience

Over 7 in 10                                        3 in 10 G20 companies either                 16%
                                                                                                 of G20
                                                                                                                        60%
                                                                                                                        of G20 companies
                                                                                                                        are facing
                                                    have required — or expect to require —
G20 companies believe supply chains                                                              companies              challenges
                                                    restructuring or refinancing since the
have been permanently disrupted                                                                  globally say they      servicing their debt
                                                    start of the pandemic
by COVID-19                                                                                      are in distress        requirements

Digital Trust & Ecosystems

60                %
                                                    G20 companies experienced more cyber attacks in 2020 compared to 2019.
                                                    Top 5 threats faced:

                                                    01. Theft of customer data                                                32% (+6%)

                                                    02. Theft of third party information                                      29% (+4%)

                                                    03. Theft of intellectual property                                        26% (+7%)

of business leaders said they are                   04. Data ransom/hostage                                                   26% (+6%)
concerned by the prospect of
nation state cyber attacks in 2021                  05. Distributed denial-of-service                                         24% (+4%)

                                                                        3
F T I C O N S U LT I N G R E S I L I E N C E B A R O M E T E R                                            EXECUTIVE SUMMARY

                          Executive
                          Summary
COVID-19 has shattered preconceptions                                A harsh lesson
about what a resilient company or economy                            Real-time data insights have been a key facet of business
                                                                     resilience in the last year, allowing businesses to unpick the
looks like. The latest FTI data indicates that                       threats and challenges created by the disruption as they
the average G20 company lost over 10% of                             appear. From debt servicing to cyber threats, businesses
its revenue due to the pandemic. Over 60%                            are facing compounded crises on an unprecedented
                                                                     scale. With over three quarters of G20 companies now
of G20 companies are concerned about rises                           using artificial intelligence and analytics to monitor risk
in government debt in their country.                                 scenarios, resilient organisations are proactively taking
                                                                     steps to ensure they are prepared for what comes next.
Such numbers make for grim headlines, but our data                   Patterns can be identified, and lessons learned.
also tells a story about how businesses have protected
their value and adapted to the most challenging global               One such lesson will be ensuring that future escalations
economic environment seen for generations. Moreover,                 do not catch business leaders unaware. Though the threat
it highlights the disparity in impact, and how some                  posed by COVID-19 has not subsided, many organisations
companies are already working to create competitive                  are already considering how they can prepare for the next
advantage for the long term.                                         global crisis. With almost 40% of companies reporting
                                                                     that their response plans were insufficient to deal with
                                                                     the pandemic, the robustness of previous crisis response
                                                                     methods has been called into question. Central to the
           In many ways, COVID-19 has not                            pandemic’s lethality was its unexpectedness – a crucial
           changed the direction of travel                           part of rebuilding resilience will hence be guarding against
   for global companies – it has massively                           future unexpected events. Best practice is emerging across
   accelerated pre-existing trends. What were                        industries, with 90% of companies now placing greater
                                                                     emphasis on planning for unknown risks.
   previously competitive advantages for
   businesses are now commercial necessities,                        Preparing for the unknown means concentrating on
   from effective online presence to robust                          business fundamentals: how can one stay operational and
   supply chains. Common attributes can be                           financially viable when disaster strikes? The answer often
                                                                     involves making difficult decisions – 3 in 10 G20 companies
   seen amongst those companies which have                           have required restructuring or refinancing as a result of the
   weathered the crisis best: they are agile,                        pandemic. Strategic actions like mergers and acquisitions
   technologically innovative and willing,                           are being re-evaluated. The integrity of production
   even eager, to challenge old norms of                             ecosystems is being closely examined: 75% of companies
                                                                     believe the pandemic has permanently disrupted supply
   doing business.                                                   chains. The hallmark of resilient companies will be their
                    CAROLINE DAS-MONFRAIS                            willingness to challenge existing practices from the
                    Global Resilience Lead                           balance sheet up, and seize opportunities to accelerate
                                                                     growth. Such opportunities range from e-commerce
                                                                     sites acquiring established high-street brands, to auto
                                                                     manufacturers investing in green mobility solutions.
                                                                     Permanent change
                                                                     Changes in consumer behaviour – anticipated to be
                                                                     permanent by 78% of G20 companies – will prevent a
                                                                     return to previous norms. Business models must adapt to
                                                                     account for this: as we look to 2021, 77% of G20 companies
                                                                     have had to fundamentally change theirs due to COVID-19.
                                                                     Longstanding assumptions are being questioned. Do large
                                                                     service businesses need inner city office space for all their
                                                                     staff? Is main street presence still beneficial for retailers?

                                                                 4
F T I C O N S U LT I N G R E S I L I E N C E B A R O M E T E R                                           EXECUTIVE SUMMARY

The answers to such questions will impact employees as               from businesses they have helped. The wider stakeholder
well as consumers. The pandemic has shown that many                  community will expect proactive engagement on key issues.
workforces can operate remotely. While this has clear
potential advantages in many industries – flexibility for            Even the best stakeholder engagement will not prevent
employees and cost-effectiveness for employers – there               contentious situations from emerging, particularly in
are definite risks in maintaining a physically dispersed             times of crisis. Conflict has already manifested in the
workforce: for example, over half of the business leaders            form of corporate disputes: 66% of our G20 respondents
surveyed expressed serious concerns about the mental                 report stepping up their dispute activity since the start of
health of their employees.                                           the pandemic. Governments and regulators will also be
                                                                     keen to punish criminal or non-compliant activities that
Mass remote working is symptomatic of a larger trend –               occurred during the crisis. Misconduct thrives when times
the digitisation of business ecosystems. Digital solutions           are hard, and 69% of companies have seen or expect to
drive growth and innovation, but their prevalence also               see an increase in regulatory investigations as a result of
fuels the increased threat from cyber attacks. As COVID-19           COVID-19.
has pushed more global commerce online over the last
12 months, we have seen increases in incidents: almost 1             But the pandemic should not be viewed only as a catalyst
in 3 G20 companies lost customer/patient data to attacks             for regulatory investigations or negative press. In 2020,
in 2020, up from 1 in 4 for 2019. 74% of business leaders            businesses saw opportunities to reaffirm their social
agree that cybersecurity has risen up their board’s agenda           licence to operate. More than just an engine of financial
as a result of the pandemic.                                         value creation, companies can work with public bodies
                                                                     and society at large to drive broader positive change. Even
Scrutiny and opportunity
                                                                     with the financial pressures of the pandemic, 82% of G20
COVID-19 has reaffirmed that no business is an island                business leaders stated that companies should be run for
– every company is sustained through a complex web                   the interest of all stakeholders, not just shareholders.
of stakeholder interests. A key aspect of resilience is to
effectively manage these interests. Governments have                 If 2020 has taught businesses anything, it is that the best
intervened in economies to an astonishing extent, and                way to follow through on these commitments is to be
now rank even above customers as the stakeholder group               resilient to crises and prepare for emerging threats – those
with the strongest ability to influence companies’ strategic         businesses that invest in resilience will be well placed to
direction. Public bodies will expect good governance                 succeed when we emerge on the other side.

TMT is the best performing industry with                             Food and beverage is the worst performing

49/100                                                               35/100
a COVID Resilience score of                                          industry with a COVID Resilience score of

                                                                 5
F T I C O N S U LT I N G R E S I L I E N C E B A R O M E T E R                                             C-SUITE CONCERNS

                          C-Suite
                          Concerns
If 2020 taught businesses anything, it is                            What will business leaders lose sleep over in 2021?
that the risks they face extend far beyond                           Future waves of COVID-19 are at the forefront of business
                                                                     leader concerns – 74% say they are troubled by this
the fluctuations of their particular industry                        possibility, and almost 90% believed they are likely to face
or ecosystem. Global CEOs are concerned                              another wave in their country. This is unsurprising – even
not just by market developments, but by                              with vaccine rollouts across the world, the appearance
                                                                     of new variants is a reminder that the end of this is not
geopolitical shifts, social movements, and                           within touching distance yet. The macroeconomic fallout
the accelerated digital transformation of                            from the pandemic, manifesting in rising unemployment
global commerce.                                                     and government debt, is also of pressing concern, and will
                                                                     continue to be for years to come.
The pandemic was naturally the dominant concern,
affecting every aspect of the world economy – but CEOs               Political issues feature heavily on the C-Suite agenda,
also found themselves called to action on issues such as             from rising corruption to sanctions and trade restrictions.
climate change, social justice and diversity. Geopolitical           Over three-quarters of G20 companies predict that
changes are also high on the agenda as supply chains and             these will increase in 2021, indicating that CEOs should
business continuity risk being impacted by changes in trade          prepare for a more contentious and complex commercial
relations between the US and China, Brexit, and increased            environment in the next 12 months. There is also concern
fragmentation around the world.                                      over the presence of malicious cyber actors disrupting
                                                                     legitimate business on behalf of nation states. 72% of our
More than any other crisis in recent memory, the pandemic            respondents believe that nation state cyber attacks are
has put huge pressure on business leaders. Irrespective of           likely in 2021, and these fears were confirmed in the US
financial performance, CEOs have had to grapple with the             just as 2020 was drawing to a close.
human cost, be that to their employees, their companies
or their communities. Business continuity has hinged on
making immensely difficult decisions, and will continue                        Disruption and change defined
to do so in 2021. Whole divisions have been shuttered,
and many have watched years of hard work vanish due to
                                                                               2020, and the burden on decision
circumstances beyond their control.                                    makers is to identify which changes are
                                                                       temporary and which are permanent.
At a time when productivity is low and employee wellbeing              Discerning which ‘new normal’ scenarios
is in question – over half of business leaders are seriously
concerned about the mental health of their employees –
                                                                       will be realised post-pandemic – and
compassionate and resilient leadership is more vital than              building resilience accordingly – will be a
ever. Even as the pandemic yields to human ingenuity and               distinct strategic advantage for businesses.
tenacity, CEOs must continue their focus on protecting staff
as well as margins.                                                                   KEVIN HEWITT
                                                                                      Chairman
                                                                                      Europe, Middle East & Africa

                                                                 6
F T I C O N S U LT I N G R E S I L I E N C E B A R O M E T E R                                                                  C-SUITE CONCERNS

C-Suite concerns for 2021
Q: Do you think that the following events are likely and/or concerning in 2021?

  Likely and concerning            Likely but not concerning          Unlikely but concerning     Unlikely and not concerning

                 Next waves of COVID-19                                      65%                                          23%                9% 4%

    Rising unemployment in my country                                   55%                                     24%                    13%     7%

                  Increase in corruption                              52%                                     27%                     13%      8%

        Government debt in my country                                49%                                    28%                       15%     8%

                   Increase in sanctions
             and other trade restrictions                            47%                                    31%                       15%      6%

               Consumer behaviour not
           reverting to pre-COVID-19 era                             46%                                  31%                         16%      7%

                       Restrictions on
                   movement of people                            44%                                    32%                           17%      7%

              Nation state cyber attacks                        42%                                   31%                        18%          10%

            Nation state security threats                       42%                                   29%                       18%          11%

         Strained US-China relationship                         41%                                   31%                         19%          8%

          Social unrest post-US election                       35%                                 41%                             14%        9%

   Trade disruption resulting from Brexit                 32%                                   37%                             19%          12%

                                                                               7
F T I C O N S U LT I N G R E S I L I E N C E B A R O M E T E R                                                           RESILIENCE AGENDA

                             Resilience
                             Agenda

                                                                            E
                                                                          ET
                                                                       MP
                                                                     CO

                                                                Escalation Planning
                                                                    & Response

                                                                                                          Remediation &
                                                                                                        Dispute Resolution
                      Digital Trust
                      & Ecosystems                                          DATA AN
                                                                   I   ME             AL
                                                            L   -T                         YT
                                                        A                                       I
                                                                                                C
                                                    E

                                                                                                    S
                                                   R

                                                                                                                    Government
                                                                                                                   & Stakeholder
                  Operational                                                                                        Relations
                                                                                                    S
                                                   R

                  & Financial
                                                                                            IC
                                                    E

                                                         L-                                     T
                                                      A

                   Resilience                                   TI
                                                                                A          LY
                                                                     ME
                                                                        DATA AN
                                                                                                                                    PR
                                                                                                                                     OT
                                                                                                                                      EC

                                                                                       Economic Impact
                                             Business Model
                                                                                                                                         T

ADAPT
                                                                                       & Sustainability
                                               & Workforce
                                             Transformation

                                                                                8
F T I C O N S U LT I N G R E S I L I E N C E B A R O M E T E R                                                   RESILIENCE AGENDA

The future is uncertain, and tectonic market                             14 RES ILIENCE S CENA RIOS
shifts have a habit of striking on unexpected
fronts. True business resilience is therefore                            01. Inability to proactively plan for the future

not developed by concentrating on a                                      02. A corporate crisis damaging your reputation
single risk, but by building preparedness
                                                                         03. Uncovered fraudulent practices or victim
holistically against a variety of threats.                                   of financial crime
This preparation must happen constantly;
                                                                         04. Litigations and contract disputes
even in ‘normal’ times, resilient companies
find their preparedness translates into                                  05. Activism or boycott by stakeholders

competitive advantage.                                                   06. Scrutiny of regulatory compliance and investigations

Drawing on insights from global C-Suite professionals, FTI               07. Impacted by ESG and sustainability agenda
Consulting’s Resilience Agenda© captures the experiences
                                                                         08. Shift in investment strategies as a result of industry
of business leaders facing major challenges – whether                        convergence, regulatory or geopolitical changes
commercial, technological, reputational or legal.
                                                                         09. Drop in productivity or profitability
These learnings are encapsulated in seven resilience
levers: key areas of focus that decision makers must                     10. Pressure to innovate business model and
navigate in a fast-paced, disrupted environment.                             accelerate digitisation

                                                                         11. Disruption of cash flow

                                                                         12. Supplier disruption or disputes

                                                                         13. Cyber attacks and threats

                                                                         14. Data privacy issues and leak of sensitive
                                                                             internal information

I N N U MB E RS

We gathered perspectives of C-Suite                 The companies directly employ a            Participating companies represent a
and senior managers from                            total of                                   sum aggregated

2185
LARGE G20 CO MPA N I E S
                                                    38 million
                                                    P EOP LE
                                                                                               $30 trillion
                                                                                               G LO B A L T U R N OV E R

                                                                     9
F T I C O N S U LT I N G R E S I L I E N C E B A R O M E T E R                                      RESEARCH METHODOLOGY

                          Research
                          Methodology
The latest quarterly FTI Resilience                                   Reported global turnovers as compared to our January
Barometer™ report incorporates the views                              2020 report have highlighted a decline, reflective of
                                                                      the global economic downturn brought about by the
of 2,185 decision makers in large companies                           pandemic, with respondents reporting an average global
across all G20 countries. The quantitative                            turnover of $13.7bn (January 2020 report: $17.4bn)
survey was conducted between 2-15                                     over the past 12 months. Companies reporting a global
                                                                      turnover of more than $100bn made up 5% (January 2020
October 2020, and the results tested in                               report: 7%). In total, participating companies employ a
expert-led focus groups from December                                 global sum of 38 million people, employing an average of
2020 - January 2021.                                                  17,287 (January 2020: 23,336).

Respondent profiles replicate those used                              Membership of the G20 consists of 19 individual countries
                                                                      plus the European Union. The EU is represented by the
in the previous waves of research. The
                                                                      European Commission and by the European Central Bank.
majority of respondents were C-Suite and                              Collectively, the G20 economies account for around 90% of
senior executives from privately owned                                Gross World Product, 80% of global trade and two-thirds
                                                                      of the world population.
companies (79%, January 2020 report:
74%), while 21% were from publicly listed                             Each country’s results have been weighted so that they
entities (January 2020 report: 26%).                                  represent a similar proportion in the total G20 results. The
                                                                      results were also weighted so that the industry breakdown
                                                                      of each country is similar to the breakdown of the 2020
                                                                      Resilience Barometer™.

                                                                                This research presents the realities
                                                                                of the 2020 corporate environment
                                                                        resulting from both direct and indirect
                                                                        impacts of COVID-19. We identified 14 key
                                                                        risk scenarios in this edition – each aligned
                                                                        with one of our Resilience Levers. Though
                                                                        the arguably short-term productivity drop
                                                                        is most significantly impacting industries,
                                                                        more fundamental long-term issues like
                                                                        outdated business models will prove a
                                                                        greater challenge for leaders.
                                                                                      D A N H E A LY
                                                                                      Head of Research
                                                                                      EMEA

                                                                 10
F T I C O N S U LT I N G R E S I L I E N C E B A R O M E T E R                                                                           RESEARCH METHODOLOGY

COU N T RY R E S P O N DE N T
NU M B E RS

                                                                           UK                                          RUSSIA
                                                                           n=116                                         n=115
                                  CANADA                                            GERMANY
                                  n=108                                             n=116
                                                                FRANCE
                         USA                                         n=113                        TURKEY
                         n=120                                               ITALY                n=115                 CHINA                                   JAPAN
                                                                              n=106                                       n=116                                 n=106
                                                                                                                                                  SOUTH
                                                                                                                                                  KOREA
                         MEXICO                                                                                                                     n=106
                         n=119                                                                      SAUDI
                                                                                                    ARABIA              INDIA
                                                                                                       116               113

                                                                                                                                          INDONESIA
                                                                                                                                                n=120
                                          BRAZIL
                                            n=116
                                                                           SOUTH                                                                        AUSTRALIA
                                                                           AFRICA                                                                            n=107
                                                                               n=120

R E S PO N D E N T P R O FI L E
                                                                                                                                                 Senior management                    47%
                                                                                                                                                 C-Suite                              28%
                                                                                                                                                 Board member (exec)                  19%
Privately owned company                                       Publicly listed                                                                    Board member (non-exec) 5%

  79%                                                           21%

I N D UST RY C LA SSI FI C ATI O N

                    26                                   19                             14                      10             6            6            6           4    4     3 2

   Technology & Communication                                 Infrastructure                                                     Transportation
   Software & IT Services, Electronic Manufacturing           Electric Utilities & Power Generators, Gas Utilities &             Airlines, Air Freight & Logistics, Automobiles, Auto
   Services & Original Design Manufacturing,                  Distributors, Water Utilities & Services, Engineering              Parts, Car Rental & Leasing, Cruise Lines, Marine
   Hardware, Internet Media & Services,                       & Construction Services, Home Builders, Real                       Transportation, Rail Transportation, Road
   Semiconductors, Telecommunication Services                 Estate, Real Estate Services, Waste Management                     Transportation
   Consumer Goods                                             Food & Beverage                                                    Renewable Resources &
   E-commerce, Apparel, Accessories & Footwear,               Agricultural Products, Meat, Poultry & Dairy,                      Alternative Energy
   Appliance Manufacturing, Building Products &               Processed Foods, Alcoholic Beverages,                              Biofuels, Fuel Cells & Industrial Batteries, Solar
   Furnishings, Household & Personal Products, Toys           Non-Alcoholic Beverages, Food Retailers &                          Technology & Project Developers, Wind
   & Sporting Goods, Multiline and Specialty Retailers        Distributors, Restaurants, Tobacco                                 Technology & Project Developers, Forestry
   & Distributors                                             Healthcare                                                         Management, Pulp & Paper Products
   Financials                                                 Biotechnology & Pharmaceuticals, Drug Retailers,                   Resource Transformation
   Retail and Investment Banks, Insurers, Asset               Healthcare Delivery, Healthcare Distributors,                      Aerospace & Defense, Containers & Packaging,
   Managers, Brokerages, Consumer Finance                     Managed Care, Medical Equipment & Supplies                         Electrical & Electronic Equipment, Industrial
   Services                                                   Extractives & Minerals Processing                                  Machinery & Goods, Chemicals
   Professional & Commercial Services, Advertising &          Coal Operations, Construction Materials, Iron &
   Marketing, Media & Entertainment, Casinos &                Steel Producers, Metals & Mining, Oil & Gas –
   Gaming, Hotels & Lodging, Leisure Facilities,              Exploration & Production, Oil & Gas – Midstream, Oil
   Education                                                  & Gas – Refining & Marketing, Oil & Gas – Services

                                                                                      11
F T I C O N S U LT I N G R E S I L I E N C E B A R O M E T E R                                COVID REPORT FEBRUARY 2021

                          About us

FTI Consulting is an independent global business advisory firm dedicated to
helping organisations manage change, mitigate risk and resolve disputes.
Operating globally across 27 countries on six continents, we offer a comprehensive suite of services
designed to assist clients right across the business cycle – from proactive risk management to the ability
to respond rapidly to unexpected events and dynamic environments.

CO R P O R AT E F I N A N C E                       E CO N O M I C A N D                  FORENSIC AND
AND RESTRUCTURING                                   F I N A N C I A L CO N S U LT I N G   L I T I G AT I O N CO N S U LT I N G

•   Business Transformation                         • Antitrust and Competition           • Forensic Accounting and
•   Turnaround & Restructuring                      • Valuation                             Advisory Services
•   Transactions                                    • Intellectual Property               • Global Risk & Investigations
•   Valuation & Financial Advisory                  • International Arbitration             Practice
•   Dispute Advisory                                • Labour and Employment               • Dispute Advisory Services
•   Tax                                             • Public Policy                       • Trial Services
•   Executive Compensation &                        • Regulated Industries                • Compliance, Monitoring and
    Corporate Governance                            • Securities Litigation & Risk          Receivership
                                                      Management                          • Anti-Corruption Investigations
                                                    • Centre for Healthcare                 & Compliance
                                                      Economics and Policy                • Anti-Money Laundering
                                                    • Economic Impact & Market            • Export Controls & Sanctions
                                                      Modelling

S T R AT E G I C                                        T E C H N O LO G Y                SPECIALIST SERVICES
CO M M U N I C AT I O N S
                                                    • E-Discovery Consulting              •   Cybersecurity
• M&A, Crisis Communications                        • Managed Document Review             •   Private Capital Advisory
  & Special Situations                              • Collections & Computer              •   Office of the CFO
• Capital Markets                                     Forensics                           •   Activism and M&A Solutions
  Communications                                    • Information Governance,             •   Family Enterprise Services
• Corporate Reputation                                Privacy & Security                  •   Applied Statistical Data
• Public Affairs & Government                       • Contract Intelligence                   Sciences & Data & Analytics
  Relations                                         • Radiance Visual Analytics
• People & Transformation                             Software
• Digital & Insights                                • Strategic IT
• Strategy Consulting & Research

fticonsulting.com
                                                                     12
F T I C O N S U LT I N G R E S I L I E N C E B A R O M E T E R                                   COVID REPORT FEBRUARY 2021

                          Our Experts

EXECUTIVE SUMMARY                                                     R E M E D I AT I O N & D I S P U T E R E S O L U T I O N

                CAROLINE DAS MONFRAIS                                               SONIA CHENG
                Global Resilience Lead                                              Head of Information Governance & Privacy, EMEA
                Caroline.Das-Monfrais @fticonsulting.com                            Sonia.Cheng@fticonsulting.com

D AT A A N A LY T I C S                                                             JOHN ELLISON
                                                                                    Senior Managing Director Economic &
                                                                                    Financial Consulting
                R I C H A R D PA L M E R
                                                                                    John.Ellison@fticonsulting.com
                Senior Managing Director Technology
                Richard.Palmer@fticonsulting.com

                                                                                    ED WESTERMAN
                                                                                    Global Investigations Lead
                IAN DUNCAN
                                                                                    Edward.Westerman@fticonsulting.com
                Senior Managing Director, Digital Science
                Ian.Duncan@fticonsulting.com

                                                                                    F E D E R I C A TACCO G N A
                                                                                    Senior Managing Director, Forensic &
                J NICHOLAS HOURIGAN
                                                                                    Litigation Consulting
                Head of Data Analytics EMEA
                                                                                    Federica.Taccogna@fticonsulting.com
                Nick.Hourigan@fticonsulting.com

E S C A L AT I O N P L A N N I N G & R E S P O N S E                                KAREN BRIGGS
                                                                                    Head of Forensic and Litigation Consulting
                                                                                    & Technology, EMEA
                TOM EVRARD                                                          Karen.Briggs@fticonsulting.com
                Head of Crisis & Issue Management Asia Pacific
                Tom.Evrard@fticonsulting.com                          G O V E R N M E N T & S T A K E H O L D E R R E L AT I O N S

                                                                                    ALEX DEANE
                K AT E B R A D E R
                                                                                    UK Head of Public Affairs
                Managing Director, Crisis Management
                                                                                    Alex.Deane@fticonsulting.com
                Kate.Brader@fticonsulting.com

                                                                                    SIMON LEWIS
                J A M E S M E LV I L L E - R O S S
                                                                                    Vice Chairman EMEA, Global Head of Financial
                Head of Crisis & Issue Management EMEA
                                                                                    Services, Strategic Communications
                James.Melville-Ross@fticonsulting.com
                                                                                    Simon.Lewis@fticonsulting.com

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F T I C O N S U LT I N G R E S I L I E N C E B A R O M E T E R                                       COVID REPORT FEBRUARY 2021

                          Our Experts

                                                                         O P E R AT I O N A L & F I N A N C I A L R E S I L I E N C E
                C H A R L I E PA L M E R
                Global TMT Lead
                Charles.Palmer@fticonsulting.com                                        SIMON GRANGER
                                                                                        Head of Corporate Finance & Restructuring, EMEA
                                                                                        Simon.Granger@fticonsulting.com

                JULIA HARRISON
                Global Head of Public Affairs
                Julia.Harrison@fticonsulting.com                                        SUDHI RAO
                                                                                        Senior Managing Director, Health Solutions
E CO N O M I C I M PA C T & S U S TA I N A B I L I T Y                                  Sudhi.Rao@fticonsulting.com

                MARTIN PORTER
                                                                                        C A R LY N T A Y L O R
                Executive Chair, CISL Brussels, Senior Advisor,
                                                                                        Global Head of Corporate Finance & Restructuring
                FTI Consulting
                                                                                        Carlyn.Taylor@fticonsulting.com
                Martin.Porter@fticonsulting.com

                                                                         D I G I TA L T R UST & E CO SYST E M S

                HELEN NOWICKA
                ESG Lead EMEA                                                           KYUNG KIM
                Helen.Nowicka@fticonsulting.com                                         Head of Cybersecurity, Asia Pacific
                                                                                        Kyung.Kim@fticonsulting.com

                C H R I ST I N E D I B A RTO LO
                ESG Lead, Americas                                                      J O R D A N R A E K E L LY
                Christine.DiBartolo@fticonsulting.com                                   Head of Cybersecurity, Americas
                                                                                        Jordan.Kelly@fticonsulting.com

                KERSTIN DUHME
                Global ESG Lead                                                         JOSHUA BURCH
                Kerstin.Duhme@fticonsulting.com                                         Head of Cybersecurity
                                                                                        Europe, Middle East, India & Africa
BUSINESS MODEL & WORKFORCE                                                              Joshua.Burch@fticonsulting.com
T R A N S F O R M AT I O N
                                                                         R E S E A R C H M E T H O D O LO G Y

                V I C TO R I A G R A E F I N ST R A C H W I TZ
                Global Co-Head, People & Change                                         D A N H E A LY
                Victoria.Strachwitz@fticonsulting.com                                   Head of Research, EMEA
                                                                                        Dan.Healy@fticonsulting.com

                LESLIE BENSON
                Global Co-Head, People & Change
                Leslie.Benson@fticonsulting.com

                J O H N M A LO N E Y
                Senior Managing Director, Business Transformation
                John.Maloney@fticonsulting.com

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F T I C O N S U LT I N G R E S I L I E N C E B A R O M E T E R        COVID REPORT FEBRUARY 2021

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