Snapshot | <em>Oversight areas that do not receive sufficient board time/attention</em>

Snapshot | Oversight areas that do not receive sufficient board time/attention

  • PwC’s 2022 Annual Corporate Directors Survey has gauged the views of 704 US public company directors representing over a dozen industries, 72% of which have annual revenues of more than $1 billion
  • The graph below illustrate select responses by the surveyed public company directors


Source: PWC’s 2022 Annual Corporate Directors Survey, October 2022


Food for thought…

  • Strategy, deemed by many as one of the board’s most important functions, was noted by respondents as the area not receiving sufficient attention the most.
  • Also, the fact that ESG has a lower percentage does not necessarily mean that it is receiving sufficient attention as the report states elsewhere that only 45% of the respondents believe ESG issues impact company performance and a mere 11% think environmental/sustainability expertise is important to their board.

  ILMAM’s Optimal Board Program framework can help companies optimize their overall board work cycle, while considering the relevant drivers and trends