CEO and Board Confidence Monitor for 2024

This technical report presents findings from a survey conducted by Heidrick & Struggles regarding the confidence levels of CEOs and board members as they approach 2024. The survey highlights that both groups express significant concern over their organizations' ability to manage critical issues, including economic and geopolitical instability. Notably, while CEOs show some confidence in managing organizational culture, they exhibit low confidence in addressing other pressing matters such as climate change and leadership succession. The report details the specific issues ranked by CEOs and board members, revealing a disparity in confidence regarding strategic planning for the upcoming year. Additionally, the report discusses the growing trend towards longer-term succession planning at both the board and CEO levels, driven by increasing uncertainty and higher expectations from stakeholders. The findings underscore the challenges leaders face in navigating divisive environments and the importance of effective governance across boundaries.