The broadening scope of Board duties

The broadening scope of Board duties

The broadening scope of Board duties Key Takeaways: Boards are navigating complex challenges such as climate sustainability, GenAI, and geopolitical disruptions. Insights from a BCG survey of over 400 directors include:

1. Most directors believe their company understands the impacts of sustainability and geopolitics, but there's uncertainty regarding GenAI.
2. Progress in sustainability is evident; only 27% report lacking a strategy to leverage sustainability shocks for competitive advantage, down from 46% last year.
3. Governance is evolving, with more than 60% of directors indicating enhancements in risk management practices.

Source: https://www.bcg.com/publications/2024/expanding-agenda-for-boards-of-directors