October 29, 2024
Nasdaq Releases 2024 Global Governance Pulse Survey
Nasdaq recently released its 2024 Global Governance Pulse survey, which provides insight into five key areas of focus for boards. Nasdaq notes:
A thoughtful governance model enables boards to fulfill their duties and provide effective oversight of organizations. Each board must determine the appropriate governance approach that aligns with the organization’s needs and meets prescriptive requirements imposed through relevant legal and regulatory bodies.
Nasdaq’s 2024 Global Governance Pulse survey was conducted in July, capturing information on corporate governance trends and practices and anticipated 2025 board priorities. The survey included questions that explored five key areas:
– CEO evaluations and management oversight
– Board composition and culture
– Governance practices, processes, and tools
– Board evaluations
– Strategic and risk topics on the horizon
The survey collected 872 qualified responses from board members, executives, and governance professionals across organizations and sectors. On the topic of the skills and experience that respondents thought would most enhance the board’s composition and ensure alignment to the organization’s strategy 35% of respondents specifically cited AI and machine learning. In close second was cybersecurity and data privacy, coming in at 34% and 30% noted industry experience.
In terms of the top areas that will impact an organization’s success in the next 12 months, 44% of respondents cited access to capital, resource allocation, and cost controls, 43% cited economic conditions, and 39% identified clearly defined and articulated strategy and goals.
– Dave Lynn
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