Among the noteworthy early findings from PwC’s 2020 Annual Corporate Directors Survey of more than 250 public company directors are these:
- More than 95% of directors surveyed say their companies did a good or excellent job of managing the transition to remote work and employee relations overall, as well as dealing with issues such as interruptions in internal operations and supply chain disruptions.
- More than 70% of directors think increased remote work will outlast the pandemic; however, just 22% see a reduction in physical office locations (compared to 35% of CFOs responding to PwC's June CFO Pulse Survey, as reported on here).
- Over 75% of directors say they are spending more time on board responsibilities as a result of the pandemic, with 30% indicating they are spending at least twice as much time.
- Virtual board meetings are associated with high levels of personal engagement and management interaction, with 93% of respondents rating the level of director engagement overall and their own personal engagement as good or excellent, and 88% saying the same of their ability to question or challenge management.
The full results of PwC's iconic Annual Corporate Directors Survey are slated to be released this fall.
Access additional information & resources on our Coronavirus (COVID-19) Resources page » Surveys/Studies. This post first appeared in the weekly Society Alert!