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EY's latest survey finds CEOs are feeling more resilient - balancing short-term returns with strategic shifts for future growth. Learn more. https://ow.ly/9qrm30sEqKJ #EYCanada

Summary of Key Insights from PwC's 2024 Report on Boards of Directors: Board Renewal: 25% of directors believe two or more current board members should be replaced. There is an increasing reliance on performance evaluations to improve board effectiveness, although some directors find these evaluations ineffective. Social and Political Issues: 75% of directors are concerned about political divisions in the U.S. and their impact on businesses. 57% of boards did not discuss their companies' positions on social issues in the past year. Artificial Intelligence: 69% of directors are confident that management teams can execute AI strategies, but only 50% feel they are receiving enough information on the risks associated with AI. Board Diversity: 79% of directors believe diversity adds unique perspectives and improves board culture, but only 40% think it has a tangible impact on company performance. ESG (Environmental, Social, Governance): 58% of directors say ESG issues are part of their board’s agenda, but 66% note that the concept is not uniformly understood among board members. Shareholder Activism: 71% of directors report that their boards have taken action to address shareholder activism, a notable increase from 65% in 2019. Corporate Culture: Directors are increasingly focusing on data and metrics (such as employee turnover) to assess corporate culture, rather than relying solely on intuition. The report highlights the challenges and opportunities facing boards in a rapidly changing environment, with a particular focus on governance, technology, and societal expectations. #ادارةالمخاطر #الحوكمة #GRC #GovernanceTrends #ESGStrategy #CorporateCulture #CorporateStrategy #RiskManagement #BusinessInsights

The recent EY CEO survey sheds light on the dual priorities of today's business leaders: harnessing AI for immediate productivity gains and steering their companies towards a sustainable, net-zero future. Here's a snapshot of the key findings: ✅ AI Transformation for Productivity: CEOs prioritize AI and technology advancements to drive growth and efficiency in the short term. This focus is enhancing productivity and positioning companies for future success. ✅ Long-Term Sustainability Goals: While AI dominates the immediate agenda, CEOs are equally committed to decarbonizing their operations and exploring new revenue streams to achieve net-zero targets. ✅ Collaboration for a Sustainable Future: The path to a sustainable future requires joint efforts from businesses, investors, and policymakers. Greater collaboration can accelerate the shift towards net zero and unleash innovative bottom-up initiatives. ✅ Optimistic M&A Outlook: CEOs and institutional investors are optimistic about mergers and acquisitions in the remaining 2024. Increased acquisitions and divestitures are expected, signaling a robust deal environment compared to 2023. ✅ Resilience and Confidence: CEOs are demonstrating resilience, with a more positive outlook on growth and profitability. They are better equipped to navigate external challenges and manage what they can control. Key Statistics: 🍃 54% of CEOs view sustainability as a higher priority than 12 months ago, compared to 28% of institutional investors, probably because investors have had it in the agenda for some time now. 🤝 61% of institutional investors anticipate a stable deal environment in 2024, with 34% expecting an acceleration in deals. 👉🏼 The survey also highlights regional differences, with North American CEOs expressing greater confidence in revenue growth compared to their European counterparts. This optimism reflects the enduring strength of the US economy. The EY CEO Outlook Pulse survey, with insights from 1,200 executives and 300 institutional investors, underscores the evolving priorities in a rapidly changing global economic landscape. As we look ahead, the integration of AI and sustainability initiatives will be crucial for driving growth, creating value for shareholders, and meeting societal demands. -- 🧑🏻💼 #CEO #Leadership #AI #Sustainability #MergersAndAcquisitions #EYSurvey #BusinessGrowth #FutureTrends

🌍 Navigating a Decade of Disruption: CEOs Betting Big on AI 🌍 The KPMG CEO Outlook provides valuable insights from over 1,300 global business leaders, capturing their perspectives on navigating the complexities of today’s business environment. Despite facing unprecedented challenges—from the COVID-19 pandemic to geopolitical tensions—CEOs remain resilient and optimistic about the future. 🔍 Key Insights: • AI at the Forefront: CEOs are heavily investing in AI, recognizing its potential to transform every aspect of business. Despite public concerns about job redundancies, 76% of CEOs believe AI will not reduce jobs in the next three years. Workforce Evolution: 92% of leaders plan to increase headcount and focus on upskilling to meet future demands. However, only 38% are confident their employees currently have the right skills to leverage AI. Sustainable Growth: Balancing ambition with caution, especially regarding ESG issues, is crucial for long-term success. Ethical implementation of AI remains a significant concern, with 61% of CEOs identifying it as a major challenge. As we look ahead, the commitment to innovation and adaptability will be key. CEOs who embrace AI and invest in their workforce are poised to lead their organizations through the next decade of growth. 💬 What are your thoughts on the role of AI in shaping the future of business? 📖 Read more about these insights here: https://lnkd.in/eiyEaGvG #AI #Leadership #Innovation #SustainableGrowth #KPMGCEOOutlook

Confidence is not just beneficial; it's essential, according to the CEOs that are ready to make bold, transformative moves. The latest EY CEO Outlook Pulse survey underscores this, revealing that when leaders have faith in their company's game, they're all in, pushing boundaries and sparking innovation. But don't be mistaken, this isn't just about growth; it's about attracting the best talent and investment, to drive unparalleled value creation. The EY Global CEO Confidence Index strikes a note of cautious optimism, with leaders navigating through emerging tech, shifting customer demands, and economic uncertainties with agility. We're seeing a steady uptick in global GDP, a lively M&A scene, and all eyes on investment sweet spots like the US and UK. In an era marked by relentless disruption, it's the confident CEOs who are redefining resilience, ready to steer their companies towards long-term success.  #CEO #BetterWorkingWorld

🌍 Navigating a Decade of Disruption: CEOs Betting Big on AI 🌍 The KPMG CEO Outlook provides valuable insights from over 1,300 global business leaders, capturing their perspectives on navigating the complexities of today’s business environment. Despite facing unprecedented challenges—from the COVID-19 pandemic to geopolitical tensions—CEOs remain resilient and optimistic about the future. 🔍 Key Insights: • AI at the Forefront: CEOs are heavily investing in AI, recognizing its potential to transform every aspect of business. Despite public concerns about job redundancies, 76% of CEOs believe AI will not reduce jobs in the next three years. Workforce Evolution: 92% of leaders plan to increase headcount and focus on upskilling to meet future demands. However, only 38% are confident their employees currently have the right skills to leverage AI. Sustainable Growth: Balancing ambition with caution, especially regarding ESG issues, is crucial for long-term success. Ethical implementation of AI remains a significant concern, with 61% of CEOs identifying it as a major challenge. As we look ahead, the commitment to innovation and adaptability will be key. CEOs who embrace AI and invest in their workforce are poised to lead their organizations through the next decade of growth. 💬 What are your thoughts on the role of AI in shaping the future of business? 📖 Read more about these insights here: https://lnkd.in/epTnTBFU #AI #Leadership #Innovation #SustainableGrowth #KPMGCEOOutlook

It’s always a privilege to attend EY’s annual ‘CFO Summit’, an insightful event that further explored the ever-evolving role of the CFO with an inspiring line-up of both Irish and international speakers. This year’s theme ‘Mastering Change, Shaping Tomorrow’ speaks by itself. In an increasingly dynamic & uncertain environment, today’s CFO has a definite lead role to play in embracing change and strategically driving their organisation to deliver long-term value creation & a sustainable future. The focus was placed on understanding both the wider fast-changing context corporates operate in and its implications for people, jobs & leadership qualities. So, here are a few key questions: ✅ what will the impact of generative AI truly be on the nature of work and value creation? ✅ how can giant corporations help mid-tier companies & SMEs master compliance with ever-complex ESG or other regulatory requirements? ✅ why are leadership qualities such as influence & stakeholder management at a premium like never before for CFOs? Great to see gender balance throughout the interviews and panel discussions! #cfosummit #masteringchange #ordertocash #creditmanagement #cashflow

Our latest EY CEO survey is out. Do you want to know how confident CEOs are considering the volatile markets, what are and should be their priorities? Read the report attached. Three findings: 1. It is time for CEOs to reimagine how strategy is set. 2. Now is the opportune time for CEOs to capitalize on disruption. 3. Is embracing transaction-led transformation a fast track to a competitive edge? Based on my own discussions with CEOs I notice an eagerness to accelerate, to move forward, capture the opportunities out there and deploy available capital. Once interest rates drop (what many expect) and a slight improvement of the geopolitical stability (eg. now that in many countries elections are done or will be in the near future) I would expect some bold moves.

Does confidence matter...? The data says so! EY's latest CEO survey highlights key trends shaping global business strategies, showing how more confident CEOs are set to proactively pursue growth through transactions and transformation. Here are some of the key takeaways: More confident CEOs are better prepared to take bold strategic actions in response to macroeconomic and geopolitical changes, technology shifts and market disruptions. Greater confidence also enables CEOs to overcome resistance and embrace transformation with stronger processes to manage portfolio and strategic investments. Of the most confident CEOs, 59% plan to make an acquisition over the next 12 months, compared to 16% of the least confident. Read more in the link below. #EYInsights #CEOOutlook #Sustainability #Transformation

Accenture’s latest version of our #CFO research has been released. It’s interesting to see the same themes emerging globally as we see day to day with our Irish clients. From my perspective, some key takeaways from work with local CFOs which are echoed in the report – The pace of change / #disruption is ever increasing, but now #technology is playing a greater role in driving this disruption. Leading organisations have invested in #GenAI (and seeing it’s benefits) with others putting the building blocks in place to activate a GenAI strategy, imminently. The breadth of collaboration between Finance and other functions continues to grow – it’s a prerequisite for Total Enterprise Reinvention. CFOs are often the driving force behind this #Reinvention, with increasingly close working relationships with the CEO. Developing a clear reinvention strategy linked to value generation supports longer term success. This value focus rightly means that the role of FPA / Finance Business Partnering continues to grow in importance and impact. We’re curious on hearing your thoughts on the latest trends impacting finance. Please share your insights below. https://accntu.re/3ybSGeg