Governance news bites
A collection of governance-related news snapshots that you might have missed in the past two weeks.
The Director Sentiment Survey report provides a snapshot of issues, challenges and insights from the director community.
The Institute of Directors and ASB are pleased to release the 2021 Director Sentiment Survey report.
The report provides a valuable snapshot of how directors are feeling about their operational and strategic environments, as well as the broader economy.
This year a mounting skills shortage, border restrictions and vaccine efficacy were top of the list of issues causing concern for directors in Aotearoa New Zealand.
Economic performance. 29% of directors expect economic performance to improve in the next 12 months, up from 24% in 2020.
Business confidence. 54% expect their organisation’s performance to improve in the next 12 months, up from 50% in 2020.
Demand for talent escalating. 57% of directors said that labour quality and capability is one of the biggest impediments to national economic performance, up from 32% in 2020. Further, 30% said that labour quality and capability is the single biggest risk facing their organisation, up from 14% in 2020.
Climate action. 48% of directors said their board is engaged and proactive on climate risks and practices in their business (up from 35% in 2020).