- The 2023 Governance Outlook recently published by NACD looked at the key trends that will impact boards in 2023 and how directors plan to adapt
- Below are top board oversight areas where the 300+ directors that participated in NACD’s 2023 Trends and Priorities Survey indicated improvements were important
Note: + or – 100% due to rounding
Source: National Association of Corporate Directors (NACD)
On top board improvement areas, the survey concludes…
- Strategy development and execution are seen as key improvement areas for boards
- Diversity of experience skill sets, experiences, and viewpoints relevant to the business is another improvement area
- Elsewhere in the report, many respondents indicated that their board lacks the capacity/ expertise to oversee areas like climate (41%), cybersecurity (34%) or geopolitical risk (31%)
► ILMAM’s Optimal Board Program framework can help companies optimize their overall board work cycle, while considering the relevant drivers and trends