Boards focus on driving growth through emerging technologies and managing heightened cybersecurity and fraud risks, a survey by BDO reveals.
In the face of economic pressures and geopolitical instability, public-company directors are focusing on driving growth through emerging technologies while maintaining robust risk oversight, according to the 2024 BDO Board Survey. The survey reveals a delicate balance between innovation and risk, with directors planning increased investments in emerging technology and cybersecurity, while also addressing concerns over data breaches and financial fraud.
Polling nearly 250 public-company directors, the survey sheds light on the most pressing opportunities and challenges facing businesses, as well as the strategies they’re developing to manage risks in 2025.
In terms of enterprise risk, the survey found a range of significant risk concerns for the year ahead, including talent acquisition (28%), recessionary declines in demand (27%), and liquidity or access to capital concerns (26%). Other risks included cyber threats/incidents (25%), supply…
