Initiativesofbod ~ Future of CIO

Sunday, July 31, 2022

Initiativesofbod

10:52 PM Pearl Zhu No comments

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 of shaping a strategic boardroom with digital acumen.

Initiatives of BoDs

InitiativesofBoDs In face of the "VUCA" reality, organizations need to keep optimizing their management discipline to survive the fierce competition and thrive with the long-term business advantage. Corporate boards as one of the top leadership pillars should practice open-minded leadership, oversee the business strategy, create the space for cross-boundary dialogue and debate, and take initiatives to enhance GRC disciplines effectively.

Initiatebodpractices The corporate board is appointed to practice governance discipline. Governance provides monitoring, measuring, and enforcement mechanisms to corporate management. The more complex contemporary organizations become, the broader scope of corporate governance turns out to be.

Initiatecorporatebodperspectives Organizational environment today is dynamic. To survive the fierce competition and thrive with the long-term business advantage, don’t be overwhelmed by the sea of information and frequent disruptions. The governing body such as corporate directors must define the management’s job, which is embraced in the purpose, policy, strategy, objectives of the organization, focusing more on the following aspects to improve overall organizational effectiveness, agility, and maturity.

Innovative Board Practices to Unlock Potential Governance is steering. The higher the complexity of the organization and the dynamic of the environment in which it operates, the higher the requirement for governance disciplines to shape differentiated organizational capability, unlock performance, and generate multifaceted business value.

Initiatingcultureassessmentinboardroom Culture is the competitive advantage of the business, and the cultural aspect is an intrinsic factor that drives the organization's business longevity. An organization with excellent culture is arguably capable of providing great results in their competencies. Leadership as a system is wrapped in a culture of openness and emergence. Besides strategic oversight, the contemporary corporate boards play important roles in assessing culture impact through the following aspects, and setting culture tones to accelerate business performance