Wednesday, February 21, 2018

The Monthly “Digital Boardroom: 100 Q&As” Book Tuning: The Digital Board’s Composition Inquiries Feb. 2018

10:44 PM Pearl Zhu No comments

Contemporary boards play the crucial directorial role in business strategy oversight, performance monitoring, business advising, and policy setting.

Modern corporate boards play significant roles in guiding businesses in the right direction and achieve expected business results. Due to the “VUCA” characteristics -Complexity, Uncertainty, Ambiguity, and Velocity of the Digital Era, the directorship in any organization must have the agility to adapt to changes and build abilities to advise, inspire and motivate a group of people toward accomplishing shared visions and goals. Here is the monthly “Digital Boardroom” summary about the digital board’s composition inquiries.

The Digital Board’s Composition Inquiries

The Digital Board’s Composition Inquiries Digital boards are heterogeneous, inquisitive, intelligent, effective, innovative and influential, with the ability to adapt to the “VUCA” digital new normal. The board competency will directly impact business competency. Board must set an example of leadership which permeates through the entire organization. An effective and efficient board can reflect, identify and mind the gaps on their own boardroom turf, they also continue to add the new blood for enforcing digital acumen in the boardroom.

The Digital Board’s Composition Inquiries (II) Digital transformation is in every forward-thinking company’s top agenda; innovation is the light every organization is pursuing, and digitization becomes the new normal of business expansion. All of these bring the significant opportunities and responsibilities for the new breed of digital BoDs. Because the board in a high-level directorship position plays a crucial role in strategy oversight, business advising & monitoring, as well as setting key digital tones in leadership development and talent management. Here are a set of the digital board’s composition inquiries.

The New Book “Digital Boardroom: 100 Q&As” Chapter 1 Introduction The Digital Board’s Composition Inquiries ? Contemporary boards play the crucial directorial role in business strategy oversight, performance monitoring, business advising, and policy setting. The boardroom composition will directly impact how they lead and which tone they will set for the entire organization to follow. The question is whether there are enough people with proficient skills and expertise to do the job in the heat of today’s boardroom facing business uncertainty, rapid changes, continuous digital disruptions, and unprecedented competition.

The Digital Board’s Leadership, Composition, and Succession Inquiries The contemporary corporate board as the directorial role plays a significant role in overseeing strategy, advising corporate executives and monitoring business performance. The BoDs should also walk the talk to digitize the boardroom with strategic imperative because often the digital tone is set at the top and echo spirally to all levels of the organization. Here is a set of the digital board’s leadership, composition, and succession inquiries.

The Digital Board Composition/Refreshment Inquiries Contemporary boards play the crucial directorial role in business strategy oversight, performance monitoring, business advising, and policy setting. They are also the mastermind behind the digital transformation. Not only do today’s BoDs need to have sufficient knowledge to understand the digital business ecosystem, but also they need to have the collective insight to present today and foresee the future. The matter of fact is that the changes sweeping the business are hugely disruptive and there is nowhere to hide. Leadership is all about change and directorship is about steering the business in the right direction. From the board composition and refreshment perspective, which challenges do you face, when and how do you tackle the issue of change in the boardroom? And how to build high-performance boards for today and the future?