Boards of directors are increasingly prioritizing their role in the oversight and governance of human capital. They’re focusing on developments in labor markets, skill shortages, succession planning, retention, employee wellbeing and costs. And they’re watching new technologies such as AI, quantum computing and geopolitical risks. They view these efforts as critical to effective business judgment and necessary to company strategy and creating competitive advantage.
Following the global pandemic and the Great Resignation, tightening labor markets, inflation and recession concerns, remote work and technological disruption, effective boards today view addressing people issues as fundamental to strong stewardship – how companies create and preserve long-term value.
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{Categories} _Category: Implications{/Categories}
{URL}https://corpgov.law.harvard.edu/2024/10/25/why-boards-are-focused-on-human-capital-governance-and-risk/?utm_source=rss&utm_medium=rss&utm_campaign=why-boards-are-focused-on-human-capital-governance-and-risk{/URL}
{Author}unknown{/Author}
{Image}https://corpgov.law.harvard.edu/wp-content/uploads/2021/03/new-shield-facebook.png{/Image}
{Keywords}Practitioner Publications,Board of Directors,Corporate governance,Human capital,Management{/Keywords}
{Source}Implications{/Source}
{Thumb}{/Thumb}