InfluentialBoDs ~ Future of CIO

Wednesday, February 10, 2021

InfluentialBoDs

11:17 PM Pearl Zhu No comments

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 shaping a influential boardroom with digital acumen.

Influential-BoDs

Improving-BoDs The work of a board requires strong cognitive abilities in order to perform their directorial duties. Just like a steering wheel can’t accelerate the speed of the vehicle, but by navigating the better pathway, it may shorten the distance or save the energy to reach the destination smoothly.Governance is the structure and processes of authority, responsibility, and accountability in an organization.

Implicit-BoDs An implicit corporate board is forethoughtful, knowledgeable, innovative, situational, and committed in order to contribute to strategy oversight when required and effectively at all times. Due to “VUCA” digital new normal, the real BoD’s dilemma is that driving the business forward is extremely difficult. It means looking into an unknown future, gaining implicit knowledge, discovering hidden clues, and attempting to define the landscape with its...

“Inquisitive”BoD The corporate board’s planning oversight is crucial to identify and strengthen the weakest link in strategy management, laser focus on the most critical perspectives to steer the business in the right direction, Digital transformation represents a break from the past, with a high level of impact and complexity. Strategic Planning by definition is translating the company vision into broadly defined goals or objectives and it is part and parcel of.

InspireBoDs The corporate board leaders demonstrate vision, adaptability, and consistency to steer the business in the right directions. The digital era upon us means the exponential growth of information, the increasing speed of change, continuous disruptions, and fierce competition. Digital transformation means to break down the past and lead toward the future with a quantum leap. However, many BoDs are undereducated about their role and responsibility...

Influential"oversight”Governance= Superior Management. The purpose of corporate governance is to steer the business in the right direction. More specifically, it’s about enforcing decision effectiveness, and getting people, culture, accountability, and performance right. The value proposition of good governance, brand, and compliance should be integrated within and across operations and functions not only from the financial perspective but also from the involvement...