---
title: "McKinsey Global Survey: How P… | Insights — Lyoen & Partners"
url: https://lyoenandpartners.com/insights/mckinsey-global-survey-how-public-company-boards-can-thrive-by-adopting-private-equity-practices
description: "McKinsey 2024 Global Survey of boards (fielded Apr 2-19, 2024, n=913 directors and executives) finds that PE-backed-company boards spend 21% more time dis…"
lang: en-US
---

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Tuesday, April 2, 2024strategy

# McKinsey Global Survey: How Public-Company Boards Can Thrive by Adopting Private Equity Practices

McKinsey 2024 Global Survey of boards (fielded Apr 2-19, 2024, n=913 directors and executives) finds that PE-backed-company boards spend 21% more time discussing strategic initiatives in meetings, 55% more time engaging with shareholders, 41% more with management, and 19% more with customers and employees than public-company boards. 47% of PE-backed-company boards rate themselves very high impact on value creation versus only 11% of public-company boards; PE-backed firms are four times more likely overall to rate boards as very effective. The piece contrasts polite/scripted meetings at underperforming public-company boards with full PE-board meetings devoted to uncomfortable conversations with the CEO about failing plans. Pointed reading for SEA mid-market boards in transition.

Sources

McKinsey & Company (https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/how-public-company-boards-can-thrive-by-adopting-private-equity-practices)

Topic: Governance Execution: https://lyoenandpartners.com/insights/topic/governance-execution

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