NACD Insights & Analysis for November 12, 2010
According to a Bloomberg report featured in Wednesday’s NACD Directors Daily, a daily e-news briefing for members of the National Association of Corporate Directors (NACD), a Young Presidents’ Organization survey indicates that chief executives in the U.S. were more positive about the economic climate at the start of the fourth quarter. According to the survey, CEOs expect stronger sales, increased spending on equipment, and generally better economic conditions in the coming months.
NACD conducts a similar quarterly survey—the Board Confidence Index (BCI)—presenting the corporate director’s perspective. While directors felt that the economic conditions in the third quarter were much improved from one year ago, they were much less confident in forecasting the fourth quarter. When asked about their expectations for the fourth quarter in their own industry, the index score was 48—reflecting more negative than positive responses.
To see NACD CEO and President Ken Daly talk to CNBC about the BCI, click here or on the video image.
Note: This column regularly appears in NACD Directors Daily, a daily e-news briefing for members of the National Association of Corporate Directors (NACD).