PWC Annual Corporate Directors Survey

by Allison Garrett, International Corporate Governance Blog, November 17th, 2010.

PWC just released the results from its 9th Annual Corporate Directors Survey. The far-reaching survey compiled results based on more than 1,000 responses from directors. You would think, after several years, of reeling from scandal after scandal and new law after new law, that some of the excesses and other issues of the 1980s would be long past. Not so, according to the survey results. Here are a few key findings:

1. A majority of directors say that boards still aren’t controlling CEO compensation like they should be. Maybe Compensation Committees need to insist on comparison to other peer groups.
2. In the risk management area, most directors feel that there isn’t a need for a separate board-level committee.
3. Boards are still struggling with adding diversity — both racial and gender.
4. A substantial minority of board members believe that their boards should be more heavily engaged in succession planning. I’ve argued before that succession planning is arguably the single most important function of a good board.

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