Insight

On the 2020 private company board agenda

Drawing on insights from our work and interactions with public and private company directors and business leaders, we’ve highlighted seven items for private company boards to consider as they focus their 2020 agendas on the critical challenges at han

On the 2020 private company board agenda

Prioritizing private company board agendas will be particularly challenging in 2020 as the implications of technological and digital innovation, demands related to environmental and social issues, expectations for greater board diversity, and scrutiny of corporate culture all drive a sharper focus on positioning the company for the future. Combined with concerns about trade tensions, debt levels, tax policy, and valuations, the year ahead will require a careful balance of near-term focus, agility, and long-term thinking.

Drawing on insights from our work and interactions with public and private company directors and business leaders, we’ve highlighted seven items for private company boards to consider as they focus their 2020 agendas on the critical challenges at hand and on the road ahead:

  • Link boardroom discussions on strategy, risk, and global disruption.
  • Understand how the company aligns profit and purpose.
  • Build the talent in the boardroom around the company’s strategy and future needs.
  • Help set the tone and closely monitor the culture throughout the organization.
  • Make CEO succession and talent development a priority.
  • Have a crisis response plan in place and practice it.
  • Approach cybersecurity and data privacy holistically—as data governance.

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On the 2020 private company board agenda
From the KPMG Board Leadership Center, seven items that private company boards should consider as they focus and evolve their agendas in 2020.

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