Initiatebodleadership ~ Future of CIO

Tuesday, September 27, 2022

Initiatebodleadership

2:53 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.

BoD Leadership

Initiatebodleadership Due to the complexity, uncertainty, ambiguity, and volatility of the digital era, the corporate directorship as one of the most critical governance bodies in any forward-thinking organization must have the ability to guide, inspire and motivate people top-down and bottom-up toward accomplishing shared visions and strategy goals.

Initiativesofgovernance We are in the age with the mixing of old and new, physical and virtual, opportunity and risk; there is an abundance of information but still the scarcity of insight, etc. Sound governance is part of eliminating risk and doing the right thing, steering the organization in the right direction.

InfluentialBoDLeadershipNiche Compared to the business world decades ago, information is growing exponentially, the speed of change is increasing significantly, and digital disruptions are happening frequently. The matter of fact is that the changes sweeping the world are hugely disruptive, and from top-down, there is nowhere to hide. Digital boards are the guiding roles, like the steering wheel of their company, leading the business toward the uncharted water and blurred territories. It is a “paradigm shift” to develop world-class leadership and drive the organization up to the next level of business maturity.

InitiateLeadership Impact of Contemporary Corporate Boards The purpose of the board of directors is to enforce governance disciplines by directing business in the right direction and monitoring the business performance. It needs to be remembered that governance as a discipline is a living breathing entity that continually requires stroking and attention, otherwise, it will stagnate and lose its ability.

Innovateleadership With rapid changes and frequent disruptions, business leaders and professionals have to be able to reinvent themselves, continue to build professional competencies, seek unconventional wisdom, develop "digital fitness" practices, with a broader vision to achieve more. Senior leaders should be forward-looking and goal-driven, and demonstrate strategic views to “keep the end” in mind. Corporate boards as one of the most critical governance bodies and leadership pillars play a critical role in steering the company in the right direction. The contemporary board leaders with proactive, innovative, and progressive profiles can amplify leadership influence by practicing expert power and driving transformative changes.