Innovateglobalboard ~ Future of CIO

Tuesday, June 13, 2023

Innovateglobalboard

4:35 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 Global Board

InnovativeglobalbodThe 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. A high-performance global corporate board should have cognitive differences and diversified worldviews to bridge gaps, make sound judgments, and improve leadership maturity.

Initiativesofglobalbods The organizational ecosystem environment is complex, dynamic and informative, corporate board directorship is about setting directions and inspiring changes. Forward-looking organizations across the vertical sectors are on the journey of digital transformation which involves a renewed understanding of the future of business, as well as how to update underlying business values, reinvent organizational structures, and recharge business energy.

InnovativeBoDs There are different types of boards around, some Boards are "working Boards" and have to provide hands-on advice, information, and oversight; other Boards have a more strategic purpose in advising the corporate oversight. Many Boards are often stuck with a view of the rear mirror mindset, looking at the past quarter results, supervising the audit, and reviewing a budget of the coming months. Does the Board overall spend enough time on planning for the future -that means dealing with innovation choices?

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.

InitiativesofglobaBoDs Global competency is the ability to understand and act on issues of global significance or solve complex problems which have a global impact. Collectively, at the board level, global competency represents the global leadership, mindset, knowledge, insight, expertise, attitudes, skills, and behaviors necessary to thrive in today's hyper-connected and interdependent world.