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Board needs more time for strategy, risk, directors say

Tammy Whitehouse | August 10, 2016

Corporate boards just don’t spend enough time on strategy, strategic risk, technology, cyber-security, executive succession planning, or talent development in general. Or at least so say some 700 corporate directors and senior executives in 16 U.S. cities who participated in a KPMG roundtable series on how the board prioritizes its agenda.

It’s not small numbers of directors and executives who believe the board doesn’t spend enough time discerning the corporate strategy or strategic risks. It was three-fourths of all survey participants who said they’d like to see the board devote more of its agenda to strategy and the risks that might arise from strategy. The numbers were smaller, however, on the other areas.

A little more than one-third, for example, believe the board should devote more time to technology and cyber-security issues as well as succession planning for...

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