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EMEA 360 Boardroom Survey
Agenda priorities across the region
Deloitte is pleased to present the inaugural EMEA 360 Boardroom Survey. The survey presents the views of 271 directors across 20 countries in the EMEA region, providing a unique perspective on the issues currently faced by boards of directors. The results highlight the changing focus of directors in today’s challenging business environment and how this differs across the region.
Key findings from the report
- There is a slightly more optimistic outlook for growth and competitiveness in the short to medium term compared to the recent past.
- Previous concerns about cost reduction and capital management, in response to adverse economic conditions, have diminished.
- Almost 90% of the responses indicate that non-executive directors across the region were satisfied that risk management is well integrated into the Board’s decision making process; 63% of Swiss respondents strongly agreed.
- The importance given to innovation saw significant differences between countries and industries. 58% of Swiss directors put innovation very high on their agenda, making this a key priority, as it is in other countries such as Germany, Ireland and Italy, where there is a clear government drive for innovation together with a well-established start-up and entrepreneurial culture.
- When asked to rate board awareness of cyber risks, 48% of EMEA respondents gave a high ranking, but even higher for Swiss directors where 53% of respondents gave cyber security a very high ranking. More than half of the Swiss respondents said that their organisation did not yet have an action plan in place to deal with cyber security matters, suggesting that this risk still needs to be appropriately addressed.
- In addition to these more outward focused matters of strategy, key aspects of corporate governance were also discussed, including management and executive pay, succession planning and board performance evaluation.
Throughout the EMEA region, corporate governance arrangements differ substantially, not just between countries, but also between listed and non-listed companies.
The country profile document gives an overview of governance regulations and practice on a country-by-country basis, for the 20 countries participating in our study. They show the requirements or recommendations and practices relating to the structure of boards, independence of directors, and employee and shareholder representation at board level.
The profiles also provide high-level information linked to the regulatory bodies for corporate governance in the individual countries, corporate governance codes and other key documents in place. This does not necessarily provide the complete picture but if you would like more information please reach out to your local Deloitte Corporate Governance expert.