2017 Priorities for Boards and Audit Committees

2017 Priorities for Boards and Audit Committees

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Drawing on interactions with corporate directors and business leaders over the past year as well as insights from recent surveys, the KPMG Board Leadership Center has highlighted critical issues for corporate board members, audit committee members, and private company directors to keep in mind as they consider and carry out their 2017 agendas.

On the 2017 Board Agenda

On the 2017 Private Company Board Agenda

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, heightened 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.

"The challenge for every board in 2017 will be to make the most of its time together, focus on what counts, and keep the company's eye on the long game," said Dennis T. Whalen, leader of the KPMG Board Leadership Center. "All the uncertainty out there poses risks, but it also presents opportunities. The board's job is to help ensure the company is taking smart risks, staying agile, and being responsive to changing competitive conditions and stakeholder expectations. And it all starts with a focused agenda."

For more information, download the full report below.

On the 2017 Audit Committee Agenda

Financial reporting, compliance, and the risk and internal control environment will continue to be put to the test in 2017 by slow growth and economic uncertainty, technology advances and business model disruption, cyber risk, greater regulatory scrutiny, and investor demands for transparency, as well as dramatic political swings and policy changes in the U.S., UK, and elsewhere. Focused, yet flexible agendas—exercising judgment about what does and does not belong on the committee’s agenda and when to take deep dives—will be critical.

For more information, download the full report below.

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 endeavor 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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