168. Peter Norris: Leading through crisis: Barings Bank and Virgin Atlantic's Covid fight for survival

Peter Norris is Chair of the Virgin Group. Formerly, he was CEO of Barings Bank during its fateful collapse in the mid 1990s. Listen to this episode to hear about: Three moments that shaped how Peter behaves in the boardroom (00:59) Why Peter took responsibility for a fraud he didn’t commit (11:23) The one question every board should ask when the numbers look too good to be true (14:27) How fraud gets stronger every day it goes undetected (16:11) The moment Peter Norris knew Virgin Atlantic might not survive (18:01) What a Chair should do when their company is facing extinction (19:07) The four buckets Virgin Atlantic focused on to survive COVID (22:15) The Richard Branson PR disaster (23:50) How Virgin Atlantic saved itself with no shareholder and no government support (24:54) Peter’s thoughts on Brexit (29:15)⚡The Lightning Round ⚡(33:04)

Host: Oliver Cummings

Producer: Will Felton

Editor: Penelope Coumau

Music: Kate Mac

Audio: Nick Kold

Email: podcast@nurole.com

Web: https://www.nurole.com/nurole-podcast-enter-the-boardroom