Taking the pulse of board directors
PwC 2023 Annual Corporate Directors Survey
What’s in this report from PwC:
For corporate executives and directors, 2023 should probably have felt calmer than it has, given the events of the past several years. But the ride remains a rock one. Russia’s war on Ukraine persists, exacerbating global tensions and trade conflicts, while conflict continues in the Middle East. Extreme weather events have not only strained power grids and forced emergency action but ramped up pressure for companies to accelerate their net-zero timelines. The list goes on.
For 15-plus years, PwC’s annual corporate directors survey has taken the pulse of the corporate boardroom. And this year’s survey of over 600 public company directors suggests the pace with which directors are evolving to meet these challenges remains slow.
Here are a few key findings:
- 45% of directors think someone on their board should be replaced.
- 51% say they’re prepared to oversee mandatory ESG disclosures (up from 25% last year), but only 54% say they see the link between ESG and company strategy, down slightly from 2022.
- 96% are confident in the board’s crisis preparedness.