01/18/2022

A New Look for Boards in 2022

Association leaders: Take heed

Boards are thinking about the future, and they see three concerns: talent, tech, and what they need in a CEO.

That's the takeaway from two recent reports from the National Association of Corporate Directors (NACD) on the state of governance in 2022. According to NACD's Inside the Public Company Boardroom Report, boards are making strides in recruiting more tech-savvy leaders. For instance, a larger proportion of incoming board members have technology skills (35 percent, compared to 30 percent in 2020). There are also more finance smarts: 53 percent of incoming board members come with finance expertise, compared to 43 percent the prior year.

Moreover, while gender balance on boards remains a work in progress, it's substantially improved. According to NACD, men outnumber women on boards three to one, compared to 2018, when women represented less than one in five corporate directors.

Please select this link to read the complete article from Associations Now.