Are board directors evolving quickly enough?
Annual report
Corporate Directors Survey 2024
What’s in this report from PwC:
PwC’s 2024 annual corporate directors survey, which includes responses from more than 500 U.S. public company directors, highlights a desire for change: 49% of directors want at least one peer replaced, and one-quarter now say multiple colleagues should be replaced, a record high.
Some other key insights:
- Directors recognize the importance of board diversity but question its impact on company performance.
- Political divisiveness, immigration policy and inequality of economic opportunities are concerns for board directors, but many say their boards have not discussed their company stances on these social issues in the past year.
- Sustainability remains a critical component of corporate strategy and governance, but ESG is on the decline in boardroom prioritization.
- As AI becomes intrinsic to business, boards feel confident in their management teams to execute AI strategies, but many directors still feel inadequately informed.
