My firm Baker Tilly Virchow Krause, LLP (Baker Tilly) and the National Association of Corporate Directors (NACD), the authority on boardroom practices representing more than 20,000 board members, today released the 2019 Governance Outlook: Projections on Emerging Board Matters, featuring Baker Tilly’s 2019 Strategic Risks for Boards.
The report serves as an annual road map to guide corporate directors and senior executives as they tackle business and governance risks and issues throughout the coming year.
Baker Tilly focuses on critical disruptive forces and risks affecting boards and organizations in the report, including international trade and tariffs, tax reform, cybersecurity and privacy.
“As boards face mounting pressure from investors and other stakeholders to demonstrate proper oversight of these risks, directors should ensure that their organizations are prepared for regulatory compliance, understand the impact of these risks and have in place a comprehensive monitoring program,” Christine Anderson, Baker Tilly managing partner for growth and specialization, said. “Baker Tilly is proud to partner with NACD in offering boards actionable insights into disruptive forces and risks that organizations will be wrestling with now and in the future.”
The report also highlights NACD survey findings on the top board priorities for 2019. In NACD’s annual survey of public company directors, 62 percent of respondents said that they view disruptive risks as much more important to the business environment today as compared to five years ago, yet less than a fifth (19 percent) report that they are extremely or very confident in management’s preparedness to address these risks.
“This report taps into NACD’s unrivaled network of partners, including Baker Tilly, to provide critical guidance for CEOs, board directors and other business leaders as they chart a course for 2019,” Peter Gleason, president and CEO of NACD, said. “The insights offered in this document shine a bright light on emerging issues and provide a road map for the year ahead.”
Visit bakertilly.com/NACD to download the report.
I hope you find it useful…and please don’t hesitate to reach out to me with any comment or question you might have.
About Baker Tilly Virchow Krause, LLP (bakertilly.com)
Baker Tilly Virchow Krause, LLP (Baker Tilly) is a leading advisory, tax and assurance firm whose specialized professionals guide clients through an ever-changing business world, helping them win now and anticipate tomorrow. Headquartered in Chicago, Baker Tilly, and its affiliated entities, have operations in North America, South America, Europe, Asia and Australia. Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 147 territories, with 33,600 professionals. The combined worldwide revenue of independent member firms is $3.4 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Twitter.