Frederik Otto and Dr Sabine Dembkowski report on their research which finds that UK boards demonstrate a strong focus on strategic oversight whilst their attention to other critical areas drops markedly, particularly on succession planning.

British boardrooms represent a developed corporate governance system. The UK’s regulatory framework is comprehensive, compliance with the UK Corporate Governance Code is nearly universal, and the proportion of women directors has reached 43%. Yet our recent systematic analysis of how FTSE 350 boards allocate their attention reveals significant variation in disclosed performance across different governance responsibilities.

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