Always good to know that the leadership "at the top" are thinking and concerned about... here they are: Key Findings: 1. Economic indicators: Stubborn #inflation, high interest rates and a tight #labormarket top the list of performance #detractors in 2023—and for 2024, directors listed the business cycle as most likely to dictate #strategy. 2. Strategic #governance: Despite the flow of #disruption in recent years, only 5 percent of directors have listed enhancing #resilience as a top priority in 2024. 3: Management oversight: 63 percent of directors say their board could be more impactful in its oversight of management if it could #proactively #anticipate #disruption . 4: Board #readiness: The most sought-after #skills in the boardroom remain C-Suite and industry expertise, as nearly half of directors say they can fill gaps elsewhere with third-party subject matter experts. 5: Shareholder engagement: 41 percent say #shareholder #activism has created more awareness for the need for good #governance in the U.S., though the same proportion also say shareholders should be restricted from advisory votes and other transparency rights that second-guess board decisions on company operations. Access the full report below... McIndoe Risk Advisory LLC
BDO collaborated with Corporate Board Member and Diligent Institute to find out what board directors are prioritizing in 2024. Learn more. #Boards #CorpGov