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Wednesday, October 12, 2005

Surveys of Corporate Board Members

Speaking of corporate boards of directors, the number of boards and their members that regularly undergo formal evaluations has climbed significantly since 2002, according to a survey by Corporate Board Member and PricewaterhouseCoopers.

This year 84% of the respondents say their boards conduct such a process, up from 33% three years ago.

In 2005, 67% of those being evaluated rate the full-board evaluation process either “very effective” or “effective.”

The big exception: strategic planning. For the second year in a row, a majority of the respondents—59%, compared with 58% in 2004—put strategic planning at the top of their list of things they say need additional discussion time. And a greater percentage than last year want to spend additional time discussing their company’s competitive position (42% versus 36%)

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