Corporate Governance Inside

Europe on the Move – What Boards need to know


First EMEA Experienced Boardroom Forum

Insights from an event convening board members from across the EMEA region and our global board surveys

Across the EMEA region, organizations continue to face challenges stemming from uncertainty, rapid change, and an array of risks. At the same time, there is tremendous potential for opportunity. How can boards operating across the region help ensure that, amid this complexity, their organizations are positioned not only to survive but also to thrive?

In April 2026, the Deloitte Global Boardroom Program convened a small cohort of board members from ten countries across the region to discuss this very question. Speakers included senior board members and chairs, economists, retired military leaders, and representatives from NGOs and regulators.

This article reflects on the themes that emerged from the event, and they mirror the wider challenges facing boards today: how boards can navigate an increasingly complex external environment, strengthen their own effectiveness in moments of disruption, and maintain focus on the long-term choices that will shape organizational resilience and competitiveness.

Navigating today’s business landscape

Organizations operating across the EMEA region are facing heightened security and economic risks. Sustained tariffs and trade fragmentation could lead to significant implications for regional economies and cross-border capital flows over the next 12–36 months. Boards can consider scenario planning activities to help their organizations prepare for potential price shocks and their wider macroeconomic effects, including impacts on inflation, growth, and financing. Boards should continue to monitor the economic and geopolitical policy choices that shape their operating environment, recognizing that today’s decisions will influence the region’s future competitiveness and role in a rapidly evolving global landscape.

Governing through disruption

Today more than ever, the board needs to focus on strategy, adding the most value through their ability to ask the right questions. Boards must be forward-looking, challenging the mindset of maintaining the status quo, encouraging management to focus on future possibilities rather than past performance.

A 2025 Deloitte Global survey1 showed that boards and C-suite executives are working together in new ways to navigate volatility and keep growth on the agenda. CEOs recognize the importance and value of transparent communication between the board and C-suite in developing and implementing strategy, as well as the significance of the CEO/chair relationship.

Boards have an opportunity to apply this strategic mindset to one of the most disruptive, but exciting, issues on their agendas – Artificial Intelligence (AI). AI has entered a scaled, enterprise phase2, and is now a core business transformation lever, not a technology experiment. A recent Deloitte Global survey3 showed that boards recognize the need to accelerate education and adoption of AI and are making strides toward embedding it in their agendas and in their conversations with a broader set of C-suite executives. As AI implementation evolves, how should boards ensure they establish sufficient guardrails without stifling innovation?

Drawing on interviews with board members, Deloitte US provided areas of focus4 for boards when it comes to AI governance. First, boards need to build AI fluency, understand its rapid evolution, and draw on external perspectives to assess maturity, risks, and opportunities for transformation. Secondly, boards should ensure AI is embedded in overall business strategy – linking investment, risk appetite, and innovation to core objectives, and moving beyond efficiency to growth and business model transformation. Finally, boards should assess whether they have the right mix of skills and experience to both oversee and collaborate with management and oversee AI effectively.

Future-proofing the boardroom

Governing for the future by embedding climate and nature into strategy

Organizations are striving to balance short-term profitability with long-term sustainability investments. Climate and nature present a significant opportunity for growth.5 A recent report from the World Economic Forum, in collaboration with Deloitte and Chapter Zero, provides a framework for boards to use to convert from challenges to opportunities.

The report highlights three governance foundations. Firstly, boards can enhance their understanding of sustainability risks, including nature and biodiversity, to understand how they impact their organization. The second is effective stakeholder engagement across investors, customers, employees, and communities to build support and create opportunities for collaboration on sustainability strategy. Finally, boards can create a culture of sustainability, making the issue an integral part of strategy and value creation going forward.

Reflections

The challenges faced by organizations today are numerous and far-reaching but the right board can turn these challenges into opportunity.

Boards should start by identifying and monitoring the external challenges that their organizations face to understand what their strategy needs to address. By looking inwards, making sure that the board is equipped to navigate these issues and that they have the right people at the helm, they can start to provide the strategic oversight that is necessary to create opportunity. [1] Building organizational resilience | Deloitte Insights

[2] The State of AI in the Enterprise – 2026 AI report | Deloitte US

[3] Governance of AI: A critical imperative for today’s boards, 2nd edition | Deloitte Global

[4] Agile AI governance in the boardroom | Deloitte US

[5] Climate Governance Agenda | Board Leadership for Growth and Resilience

Kevin Tracey Director | Global Boardroom Program | Deloitte Global

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