Innovativebods ~ Future of CIO

Monday, January 16, 2023

Innovativebods

8:46 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.

Innovate BoD Leadership

InitiatebodleadershipOrganizations are confronted with unexpected disruptions and fierce marketing competitions, shaping a world-class board is simply not the overnight phenomenon, but a continuous journey via leadership refinement and directorship rejuvenation. Leadership in itself is a constant learning process that requires the leaders to apply their growth mindset, leverage the right tools, and shape fresh insight to lead effectively.

Innovativeglobalbod The global working environment is diverse, dynamic, energetic, and innovative; it is a strategic imperative for today’s business leaders and professionals to broaden the view of global society, keep learning agile, and become more fluent in understanding the global context of problem-solving.

Innovativebods Nowadays, the organizations are always on, interdependent, and hyper-connected, the corporate board's role is to pull management out of the trees to see the forest. An insightful corporate board gives the optimum experience and sound advice/ judgment to the senior executive teams of the company for improving decision coherence, management robustness and problem-solving effectiveness.

InitiateboardinnovationThe digital world is dynamic, nonlinear, uncertain, and volatile, emergence becomes apparent. What's fundamentally changed is that top business leaders, especially at the corporate board level, no longer get to sit on the sidelines, they need to proactively lead changes, uncover hidden or loose coupled business logic.

Innovateboardroom The primary role of the Director is to provide strategic oversight, setting governance principles, and making the judgment on an assurance of corporate action within a framework of practical knowledge. If they do their jobs right, the executives and management team can do their jobs in a well-orchestrated fashion as well. Innovation is one of the crucial components of the corporate strategy, which role the BoD should play in both management innovation and innovation management? Or the first step first, how to innovate Boardroom?