As PwC‘s 2021 Annual Corporate Directors Survey reveals, societal change is continuing to filter its way into the boardroom, though perhaps in fits and starts. For more than 10 years, PwC’s Government Insights Center has gauged the views of public company directors from across the United States, and this year’s survey included insights from 851 corporate directors.
Key findings include:
- ESG disconnect: Sixty-four percent of directors say ESG is linked to their company strategy, but only one in four say their boards understand the risks involved well.
- D&I efforts pick up steam: Nearly 90 percent of directors say they’re in favor of companies doing more to promote equality in the workplace, and directors were much more likely in 2021 to say executive compensation should be tied to D&I goals.
- Time for new faces? Almost half of directors said at least one fellow board member should be replaced.