Among other key takeaways from Deloitte’s recent survey of 100 private company leaders (management members, board members, and partners/owners):
- At least half of respondents indicated that company performance and corporate strategy input and oversight were on the board agenda at every board meeting over the last 12 months. More than 40% noted the following (in descending order) making an appearance at every board meeting: succession planning, emerging technology/AI, DE&I, and organizational culture.
- More than half of respondents reported that talent was on the board meeting agenda quarterly over the last 12 months, while 40% or more cited (in descending order) digital transformation, emerging technology/AI, cybersecurity, sustainability, and risk management.
- Respondents most commonly selected emerging technology/AI as the most important competency to strengthen the board (43%), followed by marketing (36%) and strategy (30%), with cybersecurity coming in last at 12%.
The survey and resulting report also address the use or planned use of AI and top macro and enterprise risks.