2024 NACD Private Company

Board Practices and Oversight Survey

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2024 NACD Private Company Survey

Private company boards today face numerous challenges including balancing governance issues while providing management oversight in a dynamic business environment. Our 2024 Private Company Board Practices and Oversight Survey report presents benchmarking data and insights to help directors improve their governance practices. The 2024 survey has deep dives into four key areas:

  • Technology Oversight
  • Board Reporting
  • Board Leadership Succession Planning
  • CEO Succession Planning

Explore the Findings

Technology Oversight

Emerging technologies are presenting new governance challenges. See how boards and directors of private companies keep up with this rapidly evolving area.

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Board Reporting

Effective oversight is contingent on directors getting the right kind and amount of information from management. How can directors help improve their board packs?

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Board Leadership Succession Planning

The right board leaders are vital to maximize board effectiveness. How do boards select committee chairs and board leadership?

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CEO Succession Planning

Who will lead the company through these uncharted times? This section covers how privately held companies go about the all-important task of choosing the CEO.

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About the Survey

The 2024 NACD Private Company Board Practices and Oversight Survey report presents results from our annual questionnaire. This report details responses from 214 individuals that serve on or support private company boards.

Data Collection

Leveraging its proprietary member database as a sample frame, NACD sent email invitations to directors and those that support the work of the boards of privately held companies, asking them to participate in the 2024 Board Practices and Oversight Survey. The survey was distributed via email, and it was in the field from May 1 to May 28. Respondents were instructed to respond on behalf of one of the boards on which they serve. 

Analysis

Percentages are based on the total number of responses specific to each question. For example, if a question received responses from only 100 out of 214 total respondents, and 75 respondents answered “yes” while 25 answered “no,” the result is reported as 75 percent affirmative. In some cases, survey responses totaling fewer than 5 percent are not represented in graphics for the sake of clarity. 

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