On the 2017 private company board agenda | KPMG | QA

On the 2017 private company board agenda

On the 2017 private company board agenda

Drawing on insights from our survey work and interactions with directors and business leaders, we’ve highlighted seven items that boards should keep in mind as they help guide the company forward in the year ahead.

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In 2017, corporate performance will still require the essentials – managing key risks, innovating and capitalizing on new opportunities, and executing on strategy. But the context is changing quickly – and perhaps profoundly – as advances in technology, business model disruption, expectations of investors and other stakeholders, and global volatility and political shifts challenge companies and their boards to rethink strategy development and
execution and what it means to be a corporate leader. Drawing on insights from our recent survey work and interactions with directors and business leaders over the past 12 months, we have highlighted six items that private company boards should keep in mind as they help guide the company forward in the year ahead.

  • Take a hard look at the board’s composition: Is the talent in the boardroom aligned with the company’s strategy and future needs?
  • Pay attention to potential risks posed by the tone at the top, culture, and incentives.
  • Be vigilant about potential conflicts of interest.
  • Help ensure that M&A and new financing deliver the value that they should.
  • Monitor implementation plans and activities for major accounting changes on the horizon – particularly the new revenue recognition and lease accounting standards.
  • Refine and widen boardroom discussion about cyber risk and security. 

Read: On the 2017 Board Agenda for more.

Also read, On the 2017 Audit Committee Agenda.

© 2017 KPMG, a group of Bermuda limited liability companies which are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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