For many companies, 2020 was a transformative year and while that was positive for some boards and management teams, some fault lines were also exposed. A survey of more than 500 C-suite executives by PwC and The Conference Board found stresses that could, if left unaddressed, lead to big problems down the road.
The good news is that, when asked what they thought of their companyâs board, 90% of executives said their board understands the companyâs strategy, key business risks, competitive landscape, culture, shareholders and talent pipeline. However, executives do see considerable gaps between the boardâs performance and its potential, with 40% rating their boardâs overall effectiveness as fair or poor.