Search
 

View from the Top: Steady Growth Ahead

U.S. corporate boards of directors think the economy will continue to recover in 2014, but slowly.

By Treasury & Risk Staff | Updated on February 26, 2014

NACD overall score Q3/2014On Monday, the National Association of Corporate Directors (NACD) released the results of its quarterly survey of public company directors. The Board Confidence Index (BCI) is designed to provide a snapshot of sentiment about the economy from the perspective of the corporate boardroom. In each quarterly survey, directors are asked to score their attitudes about the economy on a scale that ranges from “substantially worse” (assigned a value of 0 points) to “substantially better” (100 points). Their responses are averaged for each question, so that scores above 50 points indicate a positive outlook, scores below 50 indicate a negative outlook, and scores around 50 indicate uncertainty or neutrality.

The latest BCI results indicate that corporate directors expect the economy to continue improving, but to do so slowly and steadily. The average overall BCI score for Q4/2013 was 58.7. Not only does this indicate a generally positive outlook on economic conditions in the United States, but it’s almost 4 points higher than the average 2012 score of 54.8. “The continued improvement in boardroom confidence, though not a dramatic change from years past, points to a positive outlook for 2014,” says Ken Daly, president and CEO of the NACD.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.