The New Book “Digital Boardroom: 100 Q&As” Quote Collection I ~ Future of CIO

Friday, August 18, 2017

The New Book “Digital Boardroom: 100 Q&As” Quote Collection I

10:49 PM Pearl Zhu No comments

The board composition should be synchronized with the digital perspective of the business.

The purpose of the book “Digital Boardroom: 100 Q&As “is to share 100 insightful questions for rejuvenating the boardroom to get digital ready. It is important for boards to make invaluable inquiries and take proactive approaches for leading digital transformation seamlessly. Here is a set of quotes to convey the vision on how to build the digital ready boardroom.

The high-performing board shows the ability and openness to question itself and its decisions and discussions.
The board’s “Deep Common Sense” leads toward “Effective Judgment.
The composition of boards should reflect approximately the profile of the company’s stakeholders, such as shareholders, employees, customers, and suppliers.
The high-performing board shows the ability and openness to “question itself and its decisions.”
To put simply, “diversity of thoughts” should be the deciding factor the board to embrace inclusiveness.
The board should set digital principles and guidelines for allowing the business to manage innovation in an effective way.
The best fit for the board depends on the board’s current makeup, culture, and which “gap” needs to be filled.
Asking insightful and pertinent questions is critical for governing changes at the board-level.
The best fit for the board depends on the board’s current makeup and culture, as well as which gap needs to be filled.
The “deep diverse” BoDs can practice independent thinking, bring the differentiated point of views, ideas, and capabilities to the table, and fulfill the board duty more effectively.
The diversity along with deep knowledge of the business will allow board directors to be real “thought partners” with senior management as they consider the longer-term goals beyond quarterly earnings.
The digital board’s success plan needs to be well aligned with the board composition, as well as the business's strategy evolution and digital transformation.
The boardroom composition will directly impact on how they lead and which tone they will set for the entire organization to follow.
The high-performing board shows the ability and openness to question itself and its decisions and discussions.
The high-effective board with board directors having the mixed capabilities and skills can make effective decisions in deliberation, moving the enterprise forward, ensuring the organization makes sense.
One of the biggest challenges in this complex, multipolar world is the fact that we need different perspectives, different knowledge/expertise, and different ways to solve a new or old problem.
BoDs direct and oversee, like the steering wheel of the business vehicle.
The digital board directors assume the dual role of guidance and governance steering.
The board composition should be synchronized with the digital perspective of the business.
The board is responsible for ensuring an appropriate mix of skills, knowledge, and experiences are present or available for it to fulfill its function.
One of the great responsibilities of the board is to make good policies and set the culture tone for the organization to compete for the future.