According to PwC?s 2012 Annual Corporate Directors Survey, corporate governance is undergoing significant change, which means directors across the country are spending more time on board work and prompting them to reconsider their oversight approach. Directors expect to increase their focus on the critical areas of board composition, risk management, strategy and IT oversight.
In the summer of 2012, 860 public company directors responded to PwC?s 2012 Annual Corporate Directors Survey. Of those directors, 70% serve on the boards of companies with more than $1 billion in annual revenue. As a result, the survey?s findings reflect the practices and boardroom perspectives of many of today?s world-class companies. PwC structured the survey to provide pragmatic feedback directors can use to assess and improve performance in areas that are ?top of mind? to today?s boards. The survey shows directors are clearly making progress and enhancing their practices. At the same time, directors acknowledge the numerous challenges they still face.
More than one-third of directors want to spend more time on crisis management planning
See Board evolution: Progress made, yet challenges persist from PwC.
Tags: board composition, corporate governance, crisis management, IT oversight, Risk Management, strategy
Source: http://www.rothstein.com/blog/board-evolution-progress-made-yet-challenges-persist/
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