ACDS research also finds directors face impediments
to replacing underperforming colleagues
NEW YORK, Sept. 4, 2013 — Concerns among directors about board composition and peer performance are among the key issues cited by respondents to PwC US’s 2013 Annual Corporate Directors Survey. Corporate governance continues to evolve at a rapid pace, propelling directors to take on expanded roles and responsibilities to meet increasing expectations and stakeholder demands.
In today’s release, PwC provides an inside look at specific details in the core areas of board composition, structure and performance. 934 public company directors responded to the survey, conducted in the summer of 2013. Of those, 70% serve on the boards of companies with more than $1 billion in annual revenue.
“Today’s world of corporate governance is impacting boardroom dynamics, prompting corporate directors to reflect on the primary motivation behind their board service,” said Mary Ann Cloyd, Leader of PwC’s Center for Board Governance. “At the same time, directors are even more critical of their fellow directors than last year and take great care in evaluating and acting on board performance.”
Key survey findings include:
For more information or to download all survey findings on board composition, structure and performance, please visit http://www.pwc.com/us/en/corporate-governance/annual-corporate-directors-survey.html.
Additional survey data on the following topics will be available from PwC US as follows:
About PwC's Center for Board Governance
PwC's Center for Board Governance is a leading resource for directors. By promoting leading governance practices, the Center advances excellence in the boardroom and is dedicated to better enabling boards and audit committees to perform their important roles. To provide timely updates to board members, the Center publishes the Annual Corporate Directors Survey, monthly BoardroomDirect, and offers forums for directors to discuss current issues.
For more information, please visit http://www.pwc.com/US/CenterForBoardGovernance.
About the PwC NetworkPwC firms help organizations and individuals create the value they’re looking for. We’re a network of firms in 158 countries with close to 169,000 people who are committed to delivering quality in assurance, tax and advisory services. Tell us what matters to you and find out more by visiting us at www.pwc.com.
Krista Eccleston, Edelman