A $900M error, poor system design, and failed internal controls intersected in a recent court case decided in New York. Citibank, in its role as administrator for loans that a group of lenders, or syndicate, had made to Revlon, was responsible for coordinating between lenders and Revlon.
The best advice to employers may be to encourage, not mandate, COVID-19 vaccines. Workplace vaccination is a matter of compliance (with health and safety and other legal requirements to keep workplaces safe) and risk management (mitigating the risk that outbreaks could disrupt business continuity).
Apply for property tax rebates if your organization is a qualifying charity or other not-for-profit. In addition to COVID-specific government relief which may be available, municipal property tax rebates may be a valuable source of cashflow as not-for-profits navigate the impact of COVID-19 on revenues.