2017 has certainly been an action-packed year in the world of corporate governance. Shareholders flexed their voting power muscle, while company reputations were colored by various cyber breaches or reputational crises. With new issues on the horizon—think CEO pay ratio, ESG, and digital transformation—2018 is shaping up to be an equally demanding year for corporate boards.
In this episode, we invite back Paula Loop, Leader of PwC’s Governance Insights Center, to identify and discuss the top strategic and governance challenges that boards will face in the coming year.
Let’s start with the basics. You want to make sure you have the board members that are going to be able to help the company deliver the strategy—today and out to the future. [Make] sure you align your board member skill sets with strategy so they can really add a lot of value there. But you’ve got to think even further than that…
For the third year straight, we wage our predictions for the coming year. Loop and Host TK Kerstetter streamline their list of board issues to offer directors a roadmap of priorities:
- What are the key governance issues as we head into 2018?
- How should boards focus their time in the coming year?
- On what issues should they be prepared to engage with investors?