Further to our recent report (“Board Practices Reflect Priorities”) on the top takeaways from BDO’s survey of public company directors, BDO released the full survey report, which includes informative benchmarking data on board and management practices in a number of areas of interest including cybersecurity, data privacy, digital transformation, financial reporting, and sustainability disclosure. For example, 33% of respondents (46% of large/mid-caps, 34% of small-caps, and 21% of micro/nano-caps) reported hiring board members with relevant digital oversight expertise, and 16% of respondents (11% of large/mid-caps, 24% of small-caps, and 11% of micro/nano-caps) said they established a digital innovation committee at the board or management level.
One of the welcome distinguishing features of this annual survey is the representation of companies across the full gamut of revenue categories, as well as its benchmarking of practices that are not covered in many other publicly accessible surveys.
See also BDO’s release, and explore the survey results by topic online here. This post first appeared in the weekly Society Alert!