Recent studies and board programs illustrate the increasing prominence and participation of Chief Human Resource Officers (CHROs) on company boards of directors. WTW's insight explores how and why effective boards are incorporating human capital measurement into governance processes, and engaging those with HR expertise to guide them.
As intangible assets represent a larger portion of company valuations and board skill requirements expand in a changing world - with people playing a larger role in driving material levels of performance and risk - Boards are increasingly seeking nontraditional skills such as human capital, technology, and innovation to navigate the fast-changing environment.
Research highlights that directors are dedicating more time to topics like culture, leadership succession, and workforce strategy - areas where CHROs bring essential expertise. As human capital rises in importance, CHROs are playing a bigger role in helping boards oversee areas that directly affect business resilience and transformation.
Recent board trends show growing CHRO engagement and a stronger focus on people-related risks, from talent shortages to wellbeing, cyber threats, and AI’s impact on the workforce. Effective boards are working more closely with CHROs to align human capital strategy with business priorities, while directors build stronger relationships with CHROs to better integrate people governance into board discussions.
WTW's article explores how boards and CHROs can collaborate to strengthen human capital governance, drive sustainable growth, and respond to emerging risks.
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Read the full piece here to see how leading boards are embedding people strategy to drive successful governance.
About WTW:
Willis Towers Watson (WTW) is a global leader in advisory, broking, and risk management solutions. With nearly 200 years of experience and 45,000 employees in over 140 countries, WTW helps businesses turn risks into growth opportunities by providing tailored solutions for intricate risk profiles. WTW’s offerings, including professional liability, D&O insurance, cyber risk, and M&A-related insurances, directly address the risks and challenges faced by today’s NEDs. NEDA are proud to be working in partnership with WTW.