New Survey Finds U.S. Public Company Directors Cautious About the Economy, Split on Election
Diligent Institute, in partnership with Corporate Board Member, released a new report, the October 2020 Director Confidence Index (DCI), a US national pulse survey tracking director sentiment on the economy and other topical matters. Click below to read the full results.
In a time of great risk and uncertainty for the country, America’s boardrooms are concerned about the U.S. economy overall but also optimistic about the future, a new survey finds, with a clear majority of corporate directors predicting growth in corporate revenues, profits and cash over the next year. But that optimism hinges, according to many of those surveyed, on the widespread distribution of a vaccine for Covid-19.
Meanwhile, directors—even more than the general public—are deeply divided on their hopes for the presidential election, with 47% saying the election of Joe Biden would be beneficial to their company versus 49% for Donald Trump. Yet, boardrooms appear to be doing surprisingly little scenario planning for either outcome right now—or no outcome at all.
Those are the key findings from the inaugural Director Confidence Index, conducted in collaboration between Corporate Board Member and Diligent Institute. The survey of 121 corporate directors at U.S. public companies, conducted September 29 to October 1—prior to the release of President Trump’s Covid-19 diagnosis.