EMEA 360 Boardroom Survey
Agenda priorities across the region
Deloitte is pleased to present the first edition of the 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.
EMEA 360 Boardroom Survey: Agenda priorities across the region
About the report
The report illustrates what non-executive directors identify as key issues facing boards over the past 12 months and what are expected to be the main issues in the next 12-24 months. It goes on to focus more specifically on six aspects of corporate governance: strategy and risk; innovation; cyber security; remuneration of senior executives; boardroom succession and talent; and board performance and evaluation.
This report considers not just the overall views of respondents in EMEA, but also looks at differences and similarities between countries and industry sectors, raising some thought-provoking ideas about the nature of corporate governance practices within the EMEA region and how opinions and practice may be evolving.
Key findings from the report
- 85 per cent of Irish Non-Executive Directors agree or strongly agree that the balance of time spent between oversight of risk, growth, performance and strategy is appropriate.
- Innovation is high on the Board agenda, with 77 per cent of Irish Non-Executive Directors rating it a 4 or 5 (on a scale of 1 to 5, with 5 the highest).
- 50 per cent of Irish Non-Executive Directors “somewhat agree” that the culture of their organisation encourages innovation and idea generation.
- 57 per cent of Irish Non-Executive Directors noted that their organisation had an action plan in place for cyber risks.
- Just 8 per cent of Irish Boards have nominated one Board member as the cyber security expert.
- Board composition is “adequately reviewed” to ensure that members have the appropriate skills, with 84 per cent of Irish Non-Executive Directors agreeing with this statement.
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.