Over the last five years, corporate directors' criticism of board performance has not driven much change to board composition, even though nearly half feel that another board member should be replaced.
While 45% of respondents suggest there are inefficiencies in the boardroom, 39% of directors say no change has been made as a result of their last board assessment, according to PwC's 2023 Annual Corporate Directors Survey. Both new and long-tenured directors see room for improvement in board effectiveness.
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