1、EY Board of the Future studyPart IWhat is the agenda for reimagining more strategic,future-looking boards?Foreword2What is the agenda for reimagining more strategic,future-looking boards?Introduction6E agendaConclusionHaving had the privilege for over 35 years of auditing some of the worlds most ico
2、nic and global brands,I have had regular connections with very impressive C-suite and board members.I have seen how the most pressing matters for discussion have changed over time and gained a robust understanding of governance ecosystems and evolving ways of working.I found myself wondering whether
3、 boards needed to reimagine themselves to be more strategic,future-looking or whether the traditional approach weathers the storms of change.Curiosity took this wonder into action,and the result is this research.Engaging with some of the worlds largest companies nonexecutive directors,who collective
4、ly serve on 90 boards and represent multiple sectors,has generated significant insights grounded in real experience into aspects of governance.We also sought the views of EY and non-EY individuals with a particular area of expertise related to this research.What we found was a burning platform for c
5、hange from some“It will last until,like Rome,it burns up”and whilst this view of a current model under strain was felt less passionately by others,the prevailing sentiment was challenging the status quo is a necessity to find improvements to be made today,and over the next couple of years.Key challe
6、nges for the Board to address that regularly surfaced during interviews included focusing on risk mitigations through compliance rather than proactively seeking value creation and the need to engage with management in strategic dialogue when it comes to M&A transactions or preparing for CEO successi