Americas board priorities 2024
Dynamic global crises continue to challenge companies, with the escalation of conflict in the Middle East, the war in Ukraine, geopolitical complexities related to China, and an uneven global economy creating a sense of permanent crisis on a multitude of fronts. At the same time, exceptional growth opportunities seem at hand. Generative AI (GenAI) represents […]
Kris Pederson is Center for Board Matters Leader, Barton Edgerton is Center for Board Matters Corporate Governance Research Leader, and Jamie Smith is Center for Board Matters Investor Outreach and Corporate Governance Director at EY Americas. This post is based on their EY memorandum.
Dynamic global crises continue to challenge companies, with the escalation of conflict in the Middle East, the war in Ukraine, geopolitical complexities related to China, and an uneven global economy creating a sense of permanent crisis on a multitude of fronts.
At the same time, exceptional growth opportunities seem at hand. Generative AI (GenAI) represents a groundbreaking leap in technology with the potential to increase productivity and transform work, business models and society. Further, the continuing energy transition demands a reframing of business strategy to mitigate risks and thrive in a low-carbon economic future.
In this context of crisis and opportunity, directors are deepening their engagement. They are guiding companies to build resilience by considering multiple alternative scenarios and carefully balancing discipline and transformation.
To better understand directors’ priorities in 2024, we surveyed more than 350 corporate board members across the Americas, including Argentina, Brazil, Canada, Chile, Mexico and the US, who also represent a cross-section of sectors, public and private boards, and a variety of company sizes.
Based on the survey results and our direct engagement with more than a thousand key stakeholders (including boards, individual directors, C-suite executives and leading institutional investors), we have identified five top board priorities for directors as they navigate this challenging operating environment. (more…)
