BOARD PRIORITES FOR 2023
1. Hybrid boardrooms: technology investment should occur for virtual and in-person boardrooms.
2. Pay for performance: if there is no business model, there cannot be pay for performance. Over-reliance on benchmarking makes for a poor board.
3. Changing risks: Boards that do not use technology for internal control and assurance oversight will face scrutiny..
4. Financial and auditor attention: debt policies, capital limits, stress testing, proforma scenarios, renewal of financial literacy, and term limits and independence of auditors are all things that good boards focus on.