New Survey Finds Boards Ready for Refreshment and Skeptical of ESG Benefits.

About half of the 700 directors surveyed by PwC for its Charting the Course Through a Changing Governance Landscape report would replace at least one member of their board if they had their druthers. Nearly 20% said that they would replace two or more.

For this report, PwC polled respondents from companies across more than a dozen industries, almost three quarters of which have annual revenues over $1 billion. The study found that fewer than half of the directors (45%) see a link between ESG and company performance.

Other findings of the report include:

* An overwhelming majority (86%) of directors recognize the benefits that diversity brings to the board, but 31% believe the candidates available are unqualified.

? Just 11% of directors believe that environmental/sustainability expertise is very important for their board.

* Smaller companies are behind their larger counterparts when it comes to ESG issues and company strategy, with 40% of directors at companies under $1 billion in revenue stating that ESG issues are linked to company strategy, compared with 73% of directors at companies over $10 billion in...