PwC Survey On Bermuda, Business, AI, More
“Bermuda’s boardrooms are facing a widening governance gap between the pace of artificial intelligence [AI] investment and their capacity to oversee it,” according to PwC’s Caribbean Corporate Governance Survey 2026 – Bermuda Edition.
A spokesperson said, “The survey, which outlines four board priorities for the future, reveals that while 62% of directors agree their organizations’ investments in AI and generative AI [GenAI] are yielding positive results, only 29% strongly agree that management has the skills needed to execute AI and GenAI strategy.
Marisa Savage, Partner, PwC Bermuda, said: “Bermuda directors recognize that AI is reshaping their businesses — and the governance infrastructure needs to keep pace, including AI education, skills development, and implementation of formalized frameworks to oversee AI risks and opportunities.”
Key Findings: The AI Oversight Gap
- 37% of directors say their boards receive insufficient education on AI and GenAI trends
- Just 41% strongly agree their board has the skills needed to oversee AI and GenAI strategy
- Only 37% strongly agree their boards have implemented a formal approach to overseeing AI opportunities and risks
- AI governance and cybersecurity emerge as joint top concerns, with 24% of Bermuda directors citing each as their organisation’s primary AI/GenAI-related risk
Board Composition: Reluctance to Refresh?
The spokesperson said, “The survey also exposes 38% of Bermuda directors believe at least one member of their board should be replaced, while 59% say their boards continue to prioritize industry expertise over diversity or AI skills when recruiting new directors.”
“The data suggests directors know change is needed to reflect the skills today’s boardroom demands,” added Marisa Savage. “Rebalancing board composition to include digital and AI fluency is a governance imperative.”
Geopolitical Risk: High Awareness, Lower Confidence
The spokesperson said, “Beyond AI, the survey highlights the criticality of geopolitical instability. 86% of respondents believe geopolitical risk should be factored into company strategy, and 80% expressed at least some level of concern about its potential impact — yet only 31% are confident their boards understand geopolitical risk ‘very well’.”
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