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On the 2019 board agenda

On the 2019 board agenda

Seven items for boards to consider as they focus their 2019 agendas on the critical challenges at hand and on the road ahead.

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Board agendas should continue to evolve in 2019. The game-changing implications of technology/digital innovation, scrutiny of corporate culture, growing demands to address environmental and social issues, and investor expectations for greater board engagement, diversity, and long-term value creation should all drive a sharper focus on positioning the company for the future. Combined with concerns about mounting trade tensions, resurging debt, high valuations, and political swings in the U.S., UK, and elsewhere, the year ahead will require a careful balance of near-term focus, agility, and long-term thinking.

Drawing on insights from our work and interactions with directors and business leaders over the past 12 months, we’ve highlighted seven items for boards to consider as they focus their 2019 agendas on the critical challenges at hand and on the road ahead:

Take a hard look at the board’s composition:

  • Is the talent in the boardroom diverse and aligned with the company’s strategy and future needs? 
  • Recognise that connecting digital disruption with risk management and strategy is more important—and more challenging—than ever.
  • Help focus the company on long-term value creation and understand the views of all key stakeholders.
  • Make CEO succession and talent development throughout the organisation a priority.
  • Assess, monitor, and reinforce culture as a strategic asset and critical risk.
  • Continue to refine boardroom discussions about cybersecurity and data privacy as risk management issues.
  • Reassess the company’s crisis prevention and readiness.

© 2020 KPMG, a group of Bermuda limited liability companies which are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

 

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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