In May 2013 the Harvard Business Review (HBR) Blog posted an article by Boris Groysberg and Deborah Bell:”
“What is top of mind for corporate boards worldwide? In one of the most comprehensive global surveys of corporate directors to date, we found that they were very worried about developing and enacting strategic plans that will enable their organizations to succeed. And what did they say was their biggest concern? Not competitive threats. Not rising costs. Not innovation, risk management, technology, debt, or the regulatory environment. Corporate directors identified talent management as their single greatest strategic challenge.”
I encourage you read more of this excellent article that goes on to point out that “the vast majority of directors say their organizations are not doing talent management well. In fact, in two practices in particular — “firing” and “leveraging diversity” — many companies fail dismally.” http://blogs.hbr.org/cs/2013/05/talent_management_boards_give.html.