Surveys, surveys, and more surveys….but I found this one interesting and hope you will too. Paula Loop is the Leader of Governance Insights Center at PricewaterhouseCoopers LLP. Each year she conducts a survey of corporate board members and many of her findings and suggestions also relate well to nonprofit boards. The survey results show 10 Key findings that have a major impact on how boards perform. Below is a summary and a link to the article can be found here http://www.pwc.com/us/en/corporate-governance/annual-corporate-directors-survey/top-10-findings.html.
10 Key findings that have a major impact on how boards perform:
What’s happening in the boardroom?
1. Directors continue to think some board members need to go
2. And they’re starting to look for new directors in new places
3. Opinions about the benefits of diversity vary—by gender
4. Male and female director views differ on how big the diversity talent pool is
5. Boards say their workload is manageable
6. And, in some instances, boards are putting CEO succession planning on the back burner
What’s going on outside the boardroom that’s impacting the board?
7. Director-shareholder engagement is more common, but some directors doubt its value
8. Investors are flexing their muscles about board composition
9. And they’re pushing companies to make changes to their capital allocation strategies
10. Despite criticism of activists, directors concede that they’re good for business