Increased competition for talent is the biggest concern over the next year for directors of public companies, according to a survey of 372 board members by the National Association of Corporate Directors.
However, concerns about the state of the economy also loom large. More than half of board members said that growing inflation was a concern, while 38% said the same of uncertainty regarding the pace of economic recovery.
Human capital strategy “is a growing point of focus” for boardrooms, NACD said, with 57% of respondents stating that their board now discusses such strategy on a more regular basis, and a similar percentage saying oversight over human capital issues is likely to fall under the purview of compensation committees.