Article at a glance:

Making the board more strategic: A McKinsey Global Survey

• Corporate directors want to spend more time developing long-term strategies to help maximize shareholder value, according to the latest McKinsey Global Survey.
• However, directors say they need more information: only 45 percent report having good access to key company performance data and leading industry indicators.
• Less than half of the respondents have substantive discussions with management or consider global trends and future scenarios when developing value creation plans.
• Boards that greatly influence the creation of corporate value work differently: they focus on long-term strategy, have deep expertise and access to many levels of managers, and engage with management in substantive debates about long-term strategy.