The Monthly “Digital Boardroom: 100 Q&As” Book Tuning: How to Build a Digital Fit Board Jan, 2019 ~ Future of CIO

Wednesday, January 16, 2019

The Monthly “Digital Boardroom: 100 Q&As” Book Tuning: How to Build a Digital Fit Board Jan, 2019

10:51 PM Pearl Zhu No comments

Board directors are the directorship and leadership role, to help the organization steer in the right direction, to explore unknown, and have confidence and insight to take the right path for reaching the destination.

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 are the multiple perspectives of the digital board as role maker.

How to Build a Digital Fit Board

A ‘Fitting’ Board Organizations today have to live up with the business dynamic which is uncertain, ambiguous, complex and flux, Board as high-level governance body plays a crucial role in business advising & monitoring, as well as setting key tones in organizational culture style and leadership quintessential. What does it mean to build a fitting Board, and who is the best fitting BoD, a specialist or a generalist?

Three Perspectives of Shaping Up the Digital Ready Boardroom Digital era is volatile, complex, uncertain and ambiguous, organizations today are hyper-connected and interdependent. However, many say that the multitude of gaps, such as thinking, knowledge, innovation, strategy execution, etc., are enlarged because different industries, organizations, functions, and individuals evolve change with varying speed. The modern corporate board as one of the most important leadership pillars in the business, plays an important role to inspire, innovate, improve, interact, interpret, influence, exemplify, and orchestrate change and digitalization. Here are three perspectives to shape up the digital ready boardroom.

A Cognitive Board ? The corporate board plays a significantly crucial role in exemplifying leadership qualities and practicing governance disciplines, but how to build a cognitive Board to strengthen independent thinking; enforcing the multitude of innovation, capturing profound insight and catalyzing rapid growth at the age of digitalization?

The Digital Traits of Board Directors At today’s digital dynamic, as businesses change shape, size, expansion, and transformations, they need conditioning, improvement, and navigation. Board directors are the directorship and leadership role, to help the organization steer in the right direction, to explore unknown, and have confidence and insight to take the right path for reaching the destination. Digital boards as the strategic advising role are also the “mastermind” behind digital transformation to oversee strategies, set policies, catalyze changes, and monitor performance. The real BoD’s dilemma is that driving the business forward is extremely difficult, it means looking into an unknown future and attempting to define the landscape with its risks and opportunities. What are the digital traits of contemporary board directors, and how to improve digital boardroom effectiveness and maturity?

Three Questions to Assess the Board’s Digital Readiness? The corporate board plays a crucial role in business advising and monitoring, setting key digital tones, and making good policies. To drive changes and advocate innovations, the board needs to digitize and innovate itself, to exemplify leadership influence, and walk the talk in leading digital transformation. Here are three questions to assess the digital readiness of the corporate boardroom.