Major developments of the past year, like shareholder activism, cybersecurity and climate risks, will continue to shape governance trends in 2020, but there are a few other trends board directors should keep their eye on, according to Forbes contributor Michael Peregrine, a partner at the law firm McDermott Will & Emery.
Here are three of those trends:
1. Boards will increasingly focus on ethics and corporate accountability to protect organizations from fraud scandals, whistleblower cases or other instances of bad behavior.
2. As public scrutiny of tech companies continues to grow, so will the caution with which boards approach innovation efforts.
3. To achieve turnover and diversity goals, more boards are likely to set term limits and retirement requirements, as well as place a greater emphasis on performance evaluation.
For seven more governance trends, read the full column here.
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