enshrine digital mind-set
Boards must enshrine digital mind-set
Tech revolution in business and governance is under way. More boards are responding to the challenge of digital disruption by recruiting directors with specialist tech backgrounds. But this is not enough on its own and could be counter-productive if boards have directors who lack general governance skills. Directors must ask how they can ensure a digital mindset across their organisation and combine digital thinking with critical board tasks such as executive pay, succession planning, strategy governance, corporate reputation and risk management. Rather than trying to predict threats and opportunities, boards must know their organisation can adapt to any tech-related challenge, and that it has the right people, a culture of lifelong learning, and an ethos that thrives on change.