In a corporate directors survey (the
Survey) entitled "The swinging pendulum:
Board governance in the age of shareholder empowerment",
PricewaterhouseCoopers LLP (PwC) presents current
trends in investor influence and their impact on governance
practices of boards and management teams.
Conducted amongst 884 company directors in the summer of 2016
with respondents representing over 24 industries, the Survey
highlights the increasing influence of investors and board
sentiment in this "new age of shareholder
empowerment".
Board composition
When recruiting new board members, investor recommendations
appear to carry increasing weight. The Survey notes that there has
been an increase from 11% in 2012 to 18% in 2016 in the use of
investor recommendations as a consideration in the recruitment of
new members. The Survey shows, however, that existing board
members' recommendations, search firms and management
recommendations remain the predominant sources of information
