According to BDO's 2024 Board Survey of 250 public company directors, boards are prioritizing technology-driven growth and risk management to prepare for 2025.
Directors identify emerging technologies like machine learning and generative artificial intelligence (AI) as key to advancing business, with 34% actively using and training employees on AI tools.
Top concerns include cybersecurity, cited by 25% as the leading risk, and slow tech adoption, noted by 27%.
The survey also found that boards are spending an average of 285 hours per director each year on enterprise risk management, corporate strategy innovation and succession planning, with high demand for tech and strategic expertise. See more highlights.