EDITORIAL: VIEWPOINT - THE DIGITAL BOARD MEMBER

As one of this month’s featured reports explains: 

‘With the digital era reshaping the very fabric of business management, governance practices, security protocols, and leadership dynamics within companies, digital skills, in particular, have become a pervasive topic inside the boardroom and an imperative for board members. Directors don’t have to be an expert in every digital domain but familiarizing themselves with key topics and understanding the implications of digitalization on business operations, company risk, organizational culture, and talent management is paramount for effective governance.

‘To become a “digital” board member, directors can tap into various resources and must stay vigilant about market trends and digital transformation, strategically guiding the company through this landscape.’

The report goes on to point out the advantages of having ‘digital’ board members round the table.

• It enables a better understanding of customer and challenge trends

• Boards can better govern the company’s adoption of technology

• It facilitates better risk mitigation policies

• It takes the company to a new cultural era

You can access the full report here