2009 Clarkson-PwC Director Survey in collaboration with the ICD

sept. 01, 2009
Disponible en anglais seulement

While the past few years have necessitated boards of directors putting a majority of their time and effort into getting the regulatory requirements right, a new survey from PricewaterhouseCoopers (PwC) and the Clarkson Centre for Board Effectiveness (CCBE) in collaboration with the Institute of Corporate Directors (ICD) shows that now is the time for directors to put their focus back on to the business strategy and put their agendas into action.

According to the online survey of 429 Canadian directors, there is a disconnect between what directors feel is important to spend their time on versus what they actually do spend their time on. Currently directors spend the majority of their time in meetings on 'other business' (21.9%) followed by operations (21.3%) and then strategy (15.8%). Many boards are starting to develop new processes to better engage in agenda setting and board meeting oversight, but are not yet able to allocate meeting time based on their own agendas. 

While boards' workloads have grown, the size of boards themselves has not. In all sectors, boards have indicated that in the past five years the number of directors has stayed static - partially a function of the feeling that their boards have the right number of directors, with only not-for-profit boards reporting slightly overpopulated boardrooms. However, turnover on boards is occurring. The average tenure of a director on a public board in Canada is under five years while a large majority of elections are annual.

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