Board directors are preparing for 2025 with an eye toward capturing new opportunities through technology and enhancing risk management. BDO recently polled approximately 250 directors at public companies to identify their areas of focus for the year ahead.

Here is a preview of select trends: 

Emerging Technologies Pave the Way for Business Growth, But Not Without Risk

Boards view emerging technologies (e.g., machine learning and "Gen AI") as a significant means to enhance products, services, and processes. Companies are increasing technology investments and pilot programs to remain competitive.

As emerging technology and AI use cases grow, boards are managing new areas of risk. Directors are enhancing cybersecurity measures to help prevent cyberattacks, mitigate losses and improve recovery with minimal business disruption.

	27% say lagging implementation of emerging technology is their most significant business risk
	34% of directors have formally launched emerging technology initiatives and are actively using and training employees on emerging technology.
	25% say cyber threats and incidents are the most significant risk to their business over the next year
	Technology implementation is the most in-demand skillset/experience for directors.

Governance Trends

Today’s business environment, including the growing emphasis on technology (both strategy and risk), the continuation of an uncertain economy and an ongoing turbulent geopolitical landscape, is impacting governance processes leading boards to invest significant time and efforts in areas such as: ERM, Innovating Corporate Strategy and Succession Planning.

• Directors report investing an average of 285 hours per board annually.
• The most sought after director skills/experiences pertain to technology implementation, industry specialization and corporate strategy.