Editor’s note: This post was submitted by our partners at PwC Governance Insights Center.
Insights from PwC’s Annual Corporate Directors Survey
Our 2016 Annual Corporate Directors Survey highlights continued changes in the boardroom. Companies are facing disruption from new technologies, geopolitical turmoil, cyber threats, increased regulation, and more vocal investors. Overseeing a company in today’s challenging business environment can be difficult. Boards must be able to manage internal and external pressures in order to be effective.
The changing business landscape means boards have more to understand and more to oversee. So they need to have the right people sitting at the table—diverse people with the best skills and expertise for the company—in order to help steer the company toward a successful future. Some boards are tapping third parties for help, while others want to spend more time on strategic planning and IT strategy. Still, most directors aren’t very concerned about their workload, and they are confident in their ability to oversee risk.
Meanwhile, a shift is happening in the boardroom. Investors have more influence on issues ranging from board composition and executive compensation to company strategy. How are boards responding and keeping up?
Click here to download and view PwC’s Annual Corporate Directors Survey.