THE FUTURE OF BOARD GOVERNANCE
NOTE: If you sit on multiple boards, please select what you consider to be your primary board role and
respond in your capacity as a member of that board.
Section 1: Demographics
Section 2: Priorities in 2023
Which of the following will be your Board's top improvement priorities in 2023 in relation to the functioning of your Board and how your Board members interact and work with each other?
Section 3: The next 3 - 5 years
3.1 Does your board currently have sufficient expertise or skills to govern the following drivers of risk, and opportunity over the next 3 – 5 years?
Over the next 3 to 5 years, what significant changes have to be made to improve Board governance (norms and practices in the Boardroom)? (Select your top 2 “changes” response choices for each section)
Section 4: The Board in 2030
What do you think will be the key areas of change for the Board of the future (i.e. in 2030)? Select an option.
4.1 Board service will be delivered by professional directors
4.2 Boards will have full access to all the same business information as management
4.3 Boards will be accountable to deliver on the interests of multiple stakeholders
4.4 Boards will spend as much of their time monitoring non-financial objectives as financial objectives
4.5 Boards will be much more diverse (e.g. for gender, age and ethnicity)
4.6 Board committees will expand to include technology and sustainability
4.7 Boards will be required to be more purpose and impact driven / conscious
4.8 Co-governance models, where employees have representation on boards, will become the norm
4.9 Executive remuneration will be better aligned to the long-term overall performance of the business (including ESG performance)
4.10 Board orientation and development will be a structured feature of Board Engagement
Thank you for participating!
We look forward to collating the feedback and sharing the key findings with the IDAPNG community.
Yours in Governance, the IDAPNG Board