PwC’s 2016 Annual Corporate Directors Survey

board-replacement-influencePwC´s survey presents the findings excellently boiled down to 10 major topics. When you read  finding 1-5 and think of any team at any hierarchy level of an organisation or a startup team you might conclude: ever same situation. So one conclusion is probably fair. They are only human. All of them.

Then again, in reality, boards are under direct influence of their shareholders and investors respectively, unlike teams at different other levels. Teamwork here becomes essential. It’s about leadership and ability to cooperate with the fellow board members. Board members often times were not selected for their proven track record in teamwork, though. Instead, extraordinary results in the discipline they are hunted for are key criteria. Teamwork therefore is the greatest challenge for these teams. They are composed of individual experts that bring along a load of ego but know the rules.

Conflicts in the team will lead to the elimination of the “Trouble Maker”. So in order to not risk the job people form a team that actually often times – and the PwC study results say to an extend of 35% – should be composed of different people. According to the team members. But they will not say so loud because it is risky for their own job.  This pattern is similar to startups and it requires experienced business angels to truely coach their teams to overcome this build in trap.

Read the survey findings at PwC USA website

Get in touch with us!