How CEOs Can Better Support Their Boards

Sometimes, it can be difficult for boards to arrive at a consensus, but take heart: A majority of board members are sure the dysfunction is someone else's fault.

According to PwC’s new 2026 Annual Corporate Directors Survey: Governing What's Next, a solid majority (55 percent) of directors "think at least one director of the board should be replaced." Moreover, that group is increasingly sure about what the problem is: Nearly 40 percent of that group say "insufficient expertise" is the leading reason for wanting a replacement, a leap from 21 percent last year.

This might look like evidence of a board getting ahead of its problems, except those board members do not seem eager to act accordingly. Their succession planning process, according to the survey, prioritizes cultural fit over expertise: Eighty-one percent says "cultural alignment" is very important, while only 27 percent say the same about knowledge of artificial intelligence (AI) or cybersecurity.

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