10Minutes on post-crisis boardrooms
In a recent survey of boards of directors by PwC and Corporate Board Member magazine, directors say what they've been thinking and doing a year after the financial meltdown. Some appear to be postponing key changes to operations and business models until regulators and Congress resolve key policy issues.
Indeed, directors across all sectors say that regulators now rival institutional investors in boardroom influence. Not all boards and their companies are taking a wait-and-see approach, however.
A good many of them are actively preparing to seize growth opportunities—and in some cases, are already pursuing them—ahead of Washington's decisions on issues such as healthcare, greenhouse gas emissions, financial regulation, and executive compensation.
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