Top corporate oversight trends that boards will be focused on this year
Ninth annual report
Global Corporate Governance Trends for 2024
What’s in this report from Russell Reynolds Associates:
Corporate governance is dynamic. Boards and the businesses they oversee face new challenges and opportunities — and new demands from their stakeholders — each year. To companies stay ahead of the curve in 2024 and beyond, Russell Reynolds Associates (RRA) annually brings together the best thinking from leadership advisers and a diverse array of influential governance thought leaders.
Trends that are top of mind in the U.S. market:
- AI expertise is lacking: Recent RRA research finds 80% of directors globally agree a strong grasp of AI is needed for future C-suites, however, less than one-third believe their organization has enough expertise at the board level to advise on AI implementation.
- A new lens on ESG: Many business leaders and investors still care about their work in the space but expect less publicity on the term “ESG,” a tone mirrored in recent stock trends. With this trend in mind, RRA expects programs that use the acronym “ESG” and only support the bottom-line will continue with less fanfare.
The report breaks down findings from the U.S., Canada and Mexico, as well as Brazil, the UK, Spain, Germany, France, the UAE, India, Australia, Singapore and Malaysia and Nordic countries.
