From EY’s Ruby Sharma and Ann Yerger (former CII Executive Director):
Organizations are faced with many critical challenges—including rapidly changing technology, environmental risks, regulatory and legal requirements, major shifts in markets, ethical breaches, and big data and cybersecurity issues—that threaten their long-term success and sustainability. Directors have a unique opportunity to step forward and proactively oversee the development and implementation of effective, long-term strategies responsive to these challenges.
As a result, the trend of expanding board agendas will continue in 2016. As boards balance multiple priorities, most will heighten their focus on the following:
Board effectiveness, composition and refreshment
Investor and stakeholder engagement
Oversight of Enterprise Risk Management (ERM)
Oversight of talent risk management