In 2020, Boards Made Progress
How to ensure they keep it up
The past year has helped boards get better at being boards.
That’s one of the main findings in a new report from the National Association of Corporate Directors (NACD). According to its Trends and Priorities of the American Boardroom report, released last month, leaders are spending more time on internal education issues and recognizing the need for diversity in their organizations.
For instance, the average number of hours spent annually on “director education” increased more than third last year, from approximately 24 to 33 hours. “In an unusual environment, directors increasingly sought assurance that they are well informed on rapidly evolving issues affecting their organizations,” according to the report. And a substantial proportion—43 percent—said they’re not paying enough attention to broader “oversight of organizational diversity and inclusion.”
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