Director Confidence Continues To Improve In May, Despite Recession Fears
May reading of director confidence shows directors’ confidence in business conditions 12 months from now back to pre-bank crisis level, at highest point in more than a year.
Launched in the third quarter of 2020, the Director Confidence Index is America’s first monthly pulse survey of public company board members on their perspective of the economy and how policies and current events are affecting the companies they oversee. Every quarter, Corporate Board Member and Diligent partner to ask thousands of public company directors the same three questions regarding their confidence in the current business environment, their outlook for the economy 12 months from now, and their projections for their board company’s revenue, profit, capex and cash/debt ratio for the year ahead. Supplementing those three questions are questions on current events, as they pertain to corporate strategy and governance.
Participation in the poll is reserved exclusively for directors of publicly traded companies, across all sectors and market capitalizations.
The survey fields during the last week of the month and only remains open for 48 hours, thus making for a very timely assessment of sentiment. The data is then compiled and analyzed to establish trends and calculate the Index’s weighted averages. The results are released the following Thursday on BoardMember.com, with exclusive comments and insights from hundreds of participating directors. Unless otherwise explicitly agreed upon by the respondent, all responses are kept confidential to allow board members to share their perspective in a respectful, truthful, unbiased and collegial setting.
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May reading of director confidence shows directors’ confidence in business conditions 12 months from now back to pre-bank crisis level, at highest point in more than a year.
April reading of director confidence shows a reversal from March’s sharp SVB-led decline, though directors say they still don’t expect conditions to improve much over the next 12 months.
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.
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