
Director Optimism Hits 2-Year High In June
More than half of directors polled now believe that if a recession does still happen in the U.S. this year, it will be mild and short-lived.
Launched in the third quarter of 2020, the Director Confidence Index is America’s first ongoing 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 and capex 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 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 in the following days on boardmember.com, with exclusive comments and insights from 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.
More than half of directors polled now believe that if a recession does still happen in the U.S. this year, it will be mild and short-lived.
While three-quarters of U.S. public companies are already integrating AI technology into their operations, only 15 percent of board members we polled said they understood the benefits and risks of doing so.
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.
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