Insight

On the 2024 nom/gov committee agenda

Seven issues for nom/gov committees to keep in mind as they carry out their 2024 agendas.

In 2024, pressures on management and boards will increase significantly as companies contend with uncertainty and disruption as well as demands for increased transparency amid new regulations and heightened stakeholder expectations around climate change, cybersecurity, human capital management, artificial intelligence, and other issues. Boards will need agility and fortitude to rise to the challenge of effective oversight.

In light of this, nominating and governance (nom/gov) committees will want to reevaluate the appropriate director skill sets and committee structure to oversee the company’s strategy, risks, and opportunities as issues evolve and new opportunities and challenges arise. The committee will also need to work with board leadership to establish and maintain a culture where the ability to adapt and the robustness of disclosures are viewed as vital to effective governance in today’s high-speed world.

Drawing on insights from our latest surveys and interactions with directors and business leaders, we highlight seven issues to keep in mind as nom/gov committees consider and carry out their 2024 agendas:

  • Lay the foundation to support agility in the board’s guidance and oversight.
  • Revisit the board’s committee structure and workload distribution.
  • Enhance the committee’s focus on board composition.
  • Impose high standards for individual director effectiveness and education.
  • Holistically reevaluate oversight of the company’s sustainability messaging.
  • Set the tone for board and committee leaders.
  • Sharpen communication to address investor needs.

Nom/gov committees should approach 2024 with a focus on board agility—in composition, structure, and mindset—while raising the bar for both individual director and collective board performance.

Susan Angele
Senior Advisor, KPMG Board Leadership Center

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On the 2024 nom/gov committee agenda
Seven issues for nom/gov committees to keep in mind as they carry out their 2024 agendas.

Also see our other 2024 board and committee messages

KPMG's annual messages to directors focusing on the critical issues that should be high on board, audit committee, nominating and governance committee, compensation committee, and private company board agendas.

KPMG's annual messages to directors focusing on the critical issues that should be high on board, audit committee, nominating and governance committee, compensation committee, and private company board agendas.

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