In a recent article on HBR.org, experts argue that boards of directors need to adapt to the fast-paced technological landscape in order to effectively oversee their company’s digital strategies. The article emphasizes the importance of understanding technology as a vital aspect of corporate governance, rather than viewing it as just a technical matter.
The authors highlight the need for boards to have a diverse set of skills and experiences in order to effectively navigate the complexities of modern technology. They suggest that boards should include members with backgrounds in cyber security, data analytics, and digital transformation to ensure that technology is properly integrated into the company’s overall strategy.
Furthermore, the article stresses the importance of continuous education for board members on emerging technologies and their potential impact on the business. It also suggests that boards should seek guidance from external experts in technology to stay informed on the latest developments and trends.
The authors argue that traditional approaches to overseeing technology are no longer sufficient in today’s rapidly changing environment. They propose a new framework for boards to adopt, which involves actively engaging with technology issues, setting clear digital objectives, and regularly assessing the company’s technological capabilities.
Overall, the article calls for a proactive and strategic approach to technology governance at the board level. By embracing new perspectives and expertise, boards can better support their company’s digital initiatives and drive innovation in the ever-evolving tech landscape.
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