Executive Briefings

Tech, Environment, Cybersecurity Among Major Issues Facing Boards in 2016

Organizations are faced with many critical challenges - including rapidly changing technology, environmental risks, regulatory and legal requirements, major shifts in markets, ethical breaches, and big data and cybersecurity issues - that threaten their long-term success and sustainability.

Tech, Environment, Cybersecurity Among Major Issues Facing Boards in 2016

Directors have a unique opportunity to step forward and proactively oversee the development and implementation of effective, long-term strategies responsive to these challenges.

As a result, the trend of expanding board agendas will continue in 2016. As boards balance multiple priorities, most will heighten their focus on the following:

• Board effectiveness, composition and refreshment

• Investor and stakeholder engagement

• Cybersecurity preparedness

• Oversight of enterprise risk management

• Oversight of talent risk management

It is a recurring question for directors and their organizations—how do good boards become great? Improving board effectiveness, making sure boards maintain the right combination of skills and experience, and enhancing transparency and accountability will characterize exceptional boards in 2016. Performing robust and thoughtful board self-assessments, with consideration of peer and individual director evaluations, will be critical for board effectiveness.

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Directors have a unique opportunity to step forward and proactively oversee the development and implementation of effective, long-term strategies responsive to these challenges.

As a result, the trend of expanding board agendas will continue in 2016. As boards balance multiple priorities, most will heighten their focus on the following:

• Board effectiveness, composition and refreshment

• Investor and stakeholder engagement

• Cybersecurity preparedness

• Oversight of enterprise risk management

• Oversight of talent risk management

It is a recurring question for directors and their organizations—how do good boards become great? Improving board effectiveness, making sure boards maintain the right combination of skills and experience, and enhancing transparency and accountability will characterize exceptional boards in 2016. Performing robust and thoughtful board self-assessments, with consideration of peer and individual director evaluations, will be critical for board effectiveness.

Read Full Article

Tech, Environment, Cybersecurity Among Major Issues Facing Boards in 2016