Board members are feeling more pressure to respond to economic and technological challenges, prompting narrower strategic-planning windows and a search for subject matter expertise, according to a new report.
The 2025 Governance Outlook, published last month by the National Association of Corporate Directors, is based on a survey of 251 corporate board members. The most common trend for 2025 selected by participants was "shifting economic conditions," reflecting concerns that the incoming Trump administration will "pursue protectionist economic policies and create a shift in U.S. relations with allies and adversaries alike."
Though less than 10 percent of respondents anticipated a recession as a result of those economic shifts, larger numbers see the current environment as more volatile overall: Nearly half said that crises are more frequent, and more severe.
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