Key Findings from PwC’s 2018 Annual Corporate Directors Survey
Expectations for corporate directors are rising. Companies are more global and connected—and board oversight is increasingly more complex.
Not only does cybersecurity remain a top area of focus, but social issues are starting to become part of strategy discussions. Meanwhile, institutional investors continue to push for board diversity. And directors recognize that every board member needs to bring something valuable to the table.
In this sixth panel of the Board Performance Review series, a group of institutional investors and board members will discuss these issues and more, along with insights from PwC’s 2018 Annual Corporate Directors Survey (research report publishing this fall).
During this November 5 webinar (1:30 pm EST), hosted jointly by PwC’s Governance Insights Center, Diligent, and The Conference Board, sitting board members and representatives from BlackRock and other investors (TBA) will be sharing their expectations for boards in 2019 on governance topics. Among the specific key discussion points for this webinar:
- Corporate Culture: In what ways (quantitative and qualitative) should boards be monitoring culture throughout the organization? What do investors believe is the board’s role in overseeing or even influencing culture?
- Social Responsibility & ESG: How is communication and information-sharing between management teams, boards, and investors currently falling short? What types of action do investors plan to take against companies that fail to internalize a “social purpose” approach to value creation?
- Cyber Risk: Have directors plateaued on this issue? In what ways are cyber risk discussions evolving to include ethical data use or business model disruption?
- Refreshment: Last year, 46% of directors said someone on their board should be replaced, an all-time high in the history of the Annual Corporate Directors Survey. What will this year’s data reveal? Why is refreshment such a difficult issue for today’s boards to address? What should boards be prepared to disclosure or discuss when engaging with investors?
- Michelle Edkins, Global Head of Investment Stewardship, BlackRock
- Brandon Rees, Deputy Director, Corporations and Capital Markets for the American Federation of Labor and Congress of Industrial Organizations, AFL-CIO
- Erin Lantz, Board Member, TrueCar, Inc.
- Alex Wolff, Board Member, Albemarle Corporation
- Paul DeNicola, Managing Director, PwC’s Governance Insights Center (Moderator)