Business leaders must see possibilities before others; they can tackle great challenges with grand consequences over long time spans.

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.

  Initiatives of BoDs

InitiativesofBoDs The corporate board is one of the most crucial governance bodies in the modern enterprise; it holds management accountable for business performance; the stakeholders hold the corporate board and the management team accountable for the effectiveness of the direction, and caliber of action taken by the governing body.

Initiativesofbods Running a business is complex due to rapid change, fierce competition, etc. It is no surprise that there are many confusions and frustrations on the way. From letting go of the current reality to allowing an unknown future state to emerge, and manage change dynamically.

Initiatebodgovernance Uncertainty and frequent change is the new normal; to thrive in the “VUCA” digital era, the challenge of managing change today is tough, business leaders must see possibilities before others; they can tackle great challenges with grand consequences over long time spans.

InitiativesofBoDs The business environment becomes so volatile and uncertain, governance is to establish a consensus of what is normal for your organization; manage exceptions as they arise; update your consensus of normal as the organization changes. There’s a correlation between corporate governance and business performance, and there's a clear connection between bad governance and poor performance.

Initiativesofbods Complexity and uncertainty are part of business reality. The digital era upon us means rapid change, the era of people-centricity, the expanded spectrum of innovation. All of these changes bring significant opportunities and responsibilities for the new breed of digital BoDs.

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