Some 17% of financial executives surveyed by Financial Executives Research Foundation said debt providers have told them good corporate governance will favorably affect the terms of debt agreements, and 50% said debt providers have inquired about the status of corporate governance.
Also, 67% said insurers have told them that good corporate governance will improve directors' and officers' insurance policy terms.
All respondents said directors or officers from lead insurance providers have inquired about corporate governance at the companies. Exactly 50% of respondents say directors' and officers' insurance terms have become more unfavorable but did not elaborate.
Some 96% said their board's audit committees are effective, yet only 67% said their companies evaluate audit committee performance at least annually; 38% said their companies plan to increase the compensation to members of the board's audit committee.