Corporate governance is about how well an organization is being run, whether it is in the right direction, as well as its overall problem-solving competency.
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 and a set of best practices of shaping a strategic boardroom with digital acumen.
Innovate Boardroom
Initiatebodpractices Due to hyper-complexity, uncertainty, ambiguity, and velocity of the digital era, the fast-paced changes and overwhelming growth of information bring significant opportunities for business growth and unprecedented risks businesses have to face. Strategic oversight and performance monitoring become even more critical to businesses' survival.
Innategovernancepractices It is a continuously changing world, organizations face both unprecedented opportunities to grow and hyper-competition/great risks to survive. No organizations can afford to stick to the old ways of doing things. The directorship in any organization must have the ability to guide, inspire and motivate a group of people toward accomplishing shared visions and goals, build a governance model that’s participative, proactive, and progressive to enhance organizational agility and maturity.
Boardroom Next Practices Due to the “VUCA” characteristics -complexity, uncertainty, ambiguity and velocity of the digital era, the directorship in any organization becomes more critical and challenging. Governance involves the alignment of interests among the stakeholders and steers the organization in the right direction. Effective governance practices in the boardroom require a strong commitment to being forward-thinking, innovative, knowledgeable, and independent.
Balance Practices In Boardroom Organizations across industrial boundaries are on the journey of digital transformation, change can flow on the surface whereas digital transformation needs to permeate into business vision, strategy, culture, communication, or process, etc. Corporate governance has a direct link to each core business and its processes. As one of the significant governance bodies, corporate boards have abilities to influence peers or the management team as they undertake a broad range of crucial decisions and initiating a set of balanced practices involving issues such as strategy oversight, policy-setting, and performance monitoring, etc.
Governance Practices If corporate management is about what and how to run a successful organization for solving a set of problems; then corporate governance is about how well an organization is being run, whether it is in the right direction, as well as its overall problem-solving competency. The possible governance principles, methods, techniques, structures, etc., is based on the design of a management system which generally has a strong process element and the manner in which those management systems mesh with the governance arrangements and practices.
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The "Digital Boardroom: 100 Q&As" Slideshare Presentation
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The "Digital Boardroom: 100 Q&As" Introduction
The "Digital Boardroom: 100 Q&As" Chapter 1 Introduction: The Digital Board's Composition Inquiries
The "Digital Boardroom: 100 Q&As" Chapter II Introduction: The Digital Board's Digital Inquiries
The "Digital Boardroom: 100 Q&As": Chapter III Introduction: The Digital Board's Strategy Inquiries
The "Digital Boardroom: 100 Q&As" Chapter IV Introduction: The Digital Board's IT Inquiries
The "Digital Boardroom: 100 Q&As" Chapter V Introduction: The Digital Board's Leadership Inquiries
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