Board priorities in 2024
11 January 2024
11 January 2024
2024 will be another year when companies are under stress from rapidly evolving macro-economic and geo-political issues as well as new and emerging strategic risks. How Boards prepare and respond will determine the extent of their company's success.
Our global governance, sustainability and risk advisory experts have come together and identified their top 10 priorities for Boards to consider, and address, this year. These include internal controls, failure to prevent fraud, artificial intelligence, transition plans, cyber preparedness and resilience, psycho-social safety, ESG reporting, executive remuneration, greenwashing and class actions risk.
If you would like to discuss the issues raised, please contact any of the key contacts listed below.
3. Artificial intelligence
The emergence of Generative AI was the biggest technological advance of 2023. In 2024, as organisations focus on embedding it into their business, they need to be addressing the risks it poses.
This publication is a joint publication from Ashurst LLP, Ashurst Australia, Ashurst Risk Advisory LLP, Ashurst Risk Advisory Pty Ltd and Ashurst Boardroom Advisory Pty Ltd, which are all part of the Ashurst Group.
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This publication is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Readers should take legal advice before applying the information contained in this publication to specific issues or transactions.