Director Confidence Index Retreats In March
After significant back-to-back increases in January and February, directors’ outlook for business 12 months out slipped this month amid growing signs of economic headwinds.
After significant back-to-back increases in January and February, directors’ outlook for business 12 months out slipped this month amid growing signs of economic headwinds.
Directors reflect on their risk oversight practices, as three-quarters say the SVB board failed in fulfilling its fiduciary duty to protect the company.
Board members agree on one thing and that’s uncertainty. Many say that demand has weakened, while others say their sector remains strong.
Board members predict a short-term recession in 2023 fueled mainly by uncertainty. Most expect recovery by the end of 2023, if not sooner, and look forward to more stability both domestically and globally.
As inflation continues to cool, corporate board members’ forecasts for the future of the economy are improving.
October polling of public company directors finds 86 percent now saying recession in the U.S. is no longer avoidable.
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