It’s clear that 2021 will be about refining—if not fundamentally rethinking—strategic planning and risk management. While perhaps not surprising, this overarching takeaway from polling1 at our 2021 KPMG Board Leadership Conference is no doubt eye-opening in its implications for board oversight and leadership.
In this period of unprecedented disruption and uncertainty—including the trajectory of the COVID-19 virus and the impact of accelerating megatrends on the post-COVID new normal—navigating the future will require a sharp focus on near-term and longer-term strategy and risk (no small undertaking in normal times). And robust scenario planning will be essential.
Among the key takeaways:
1 Reflects survey responses from approximately 200 corporate directors attending the KPMG Board Leadership Conference, January 12–13, 2021.