Confidence in potential growth both within the United Kingdom and abroad is high, and has caused the attitude in UK boardrooms to be the most optimistic it’s been in 18 months, according to the FT-ICSA Boardroom Bellwether survey.
However, this enthusiasm is not without its complications. In fact, there are several situations that UK boardrooms are worried about in 2018. According to the survey, the most pressing of these include the following:
- Exposure to cyber-risk is a concern for 80 per cent, as they believe that their possibility of being affected is rising.
- Protecting their reputation while also being transparent is a major concern for 85 per cent of boardrooms.
- The GDPR is still on the minds of many board members, as 11 per cent believe that they will not be ready by 25 May.
- A third of organisations find the gender pay gap reporting process to be difficult.
A shocking 33 per cent of board members do not know if their sexual harassment policies and guidelines are effective and sufficient.
Whatever their concerns, appropriate directors' and officers' (D&O) insurance could potentially help those in senior positions to sleep easier. Speak to Bollington on 0161 929 1851 about this valuable cover.
