KPMG elevates NRC to FY27 priority
- KPMG in India published an April 2026 board paper that puts Nomination and Remuneration Committees at the center of FY2026-27 governance, as boards confront artificial intelligence, geopolitics, regulation, and workforce change. - The paper lists seven agenda items, including leadership continuity and succession, board effectiveness, pay design, labor-code-driven workforce governance, culture and conduct, and diversity, equity, and inclusion as capability. - The note extends KPMG’s 2025 warning that NRCs were moving beyond appointments and pay into broader board oversight, as investor and regulatory scrutiny of skills, succession, and remuneration rises. (kpmg.com)
KPMG in India says Nomination and Remuneration Committees should sit at the center of board effectiveness in financial year 2026-27. (kpmg.com) Its April 2026 paper says rapid technology change, geopolitical volatility, regulatory recalibration, and shifting workforce expectations are collapsing the old boundaries between strategy, risk, culture, and people oversight. (kpmg.com) KPMG frames the committee’s 2026-27 agenda around seven themes: capability stewardship, leadership continuity and succession, board composition and evaluation, remuneration, labor-law change, culture and conduct, and diversity, equity, and inclusion. (kpmg.com) The shift is partly about artificial intelligence. KPMG says AI is changing how work gets done and what skills leaders need, pushing boards to look beyond headcount and toward adaptability, redeployment, and capability renewal. (kpmg.com) The shift is also about continuity at the top. KPMG’s broader April 2026 board agenda note says succession should be “scenario-based and live” as technology changes leadership bandwidth and decision speed. (kpmg.com) For Indian companies, the paper ties people oversight to the country’s four labor codes, saying the changes affect workforce structures, compensation and benefits architecture, and industrial-relations risk, not just compliance. (kpmg.com) KPMG is building on its own 2025 guidance. Last year, it said NRCs were already moving beyond board appointments to cover governance practices, legal compliance, ethical culture, director diversity, and shareholder expectations on pay. (kpmg.com) That makes the 2026 paper less a new rulebook than a sharper escalation: the committee that once handled appointments and compensation is now being cast as the board’s operating hub for leadership quality, incentives, and workforce resilience. (kpmg.com)
