Board directors face multiple obstacles: new regulatory changes, issues related to globalization and digital acceleration, the rise of environmental, social and governance (ESG) factors being linked to company performance and more. They are also grappling with the expanding roles and responsibilities expected of them while seeking to apply the lessons learned from the past 18 months.
As boards execute oversight in today’s shifting corporate climate, the 2021 BDO Fall Board Pulse Survey explores the evolving corporate strategies public company boards of directors are considering, including how they plan to pursue growth and increase transparency around strategic shifts. BDO’s survey covers 230 corporate directors of public company boards; it was conducted in July 2021.
Here are a few key findings:
- More than half the directors surveyed (55 percent) said their companies are expanding remote work and allowing more flexibility in order to attract and retain top talent.
- About one in three directors anticipate that supply chain disruptions will pose the greatest business risk over the next year.
- Twenty-nine percent of directors say they are including ESG metrics and disclosures in audited financial statements.
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