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Eight priorities for boards in 2020

Boards will continue to face demands for more diverse competencies, innovative thinking, complex problem-solving and stronger governance.

Boards will continue to be tested in 2020 as their work demands more diverse competencies, innovative thinking, complex problem-solving and stronger governance. Boards will need to allocate additional time to understand and address factors that contribute to sustainable long-term value creation while meeting urgent challenges stemming from economic, geopolitical, technology and social developments.

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To support boards as they enter the new decade, the EY Center for Board Matters has identified the following board priorities for 2020.

  • Strategically prepare for growth amid increased uncertainty
  • Accelerate the talent agenda and activate culture as a strategic asset
  • Evolve enterprise risk management (ERM)
  • Prioritize cybersecurity and data privacy
  • Address geopolitics from a strategic perspective
  • Embrace ESG as a business imperative
  • Redefine and better communicate long-term value
  • Take a continuous improvement approach to board effectiveness

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