Our survey findings point to an increased focus on stakeholders, the urgency of climate risk, the strategic implications of cybersecurity and data governance, and a sharp spotlight on leadership.
It’s clear that 2021 will be about refining—if not fundamentally rethinking—strategic planning and risk management. While perhaps not surprising, this overarching takeaway from polling1 at our 2021 KPMG Board Leadership Conference is no doubt eye-opening in its implications for board oversight and leadership.
In this period of unprecedented disruption and uncertainty—including the trajectory of the COVID-19 virus and the impact of accelerating megatrends on the post-COVID new normal—navigating the future will require a sharp focus on near-term and longer-term strategy and risk (no small undertaking in normal times). And robust scenario planning will be essential.
Among the key takeaways:
1 Reflects survey responses from approximately 200 corporate directors attending the KPMG Board Leadership Conference, January 12–13, 2021.
© 2021 Siddharta Widjaja & Rekan – Registered Public Accountants, an Indonesian partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.
They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor 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.