Directors want action on climate change and renewable energy: For the first time directors nominated climate change as the number one issue the federal government needs to address in the long-term.
Download the full report here
Read Minter Ellison’s post which covers the key points identified in the survey and contains links to related media.
You can also download the summary report from AICD’s website.
Key takeouts
Directors want action on climate change and renewable energy: For the first time directors nominated climate change as the number one issue the federal government needs to address in the long-term.
In agreement on the need for stronger governance: Directors across all industries are focused on governance practices and acknowledge the need for changes to deal with current governance issues. There is strong support (52%) for an increase in penalties for misconduct and for an increase in funding for regulators (57% support).
Less optimistic overall: Director sentiment has declined for the first time in 18 months (and was down 8.5 points on the last survey) although it remains positive at +4.2. The AICD attributes the decline largely to directors feeling more pessimistic around regulation, legal issues and directorship conditions more broadly.