Change across the board: Why boards need to digitally evolve
Jodie Sangster | CMO | March 10, 2017
A great synopsis of the ‘digital’ challenges facing boards.
Digital transformation has fundamentally altered the way that executive management should be shaping company strategy, performance and future financial success. Transformation is also widespread across Australian industry. A recent study by Russell Reynolds showed that to a greater or lesser degree, all sectors of business are being disrupted.
As Jodie highlights many Boards are not moving quickly enough to change their mindset and ‘skill up’ for digital. And the failure of companies to successfully digitally transform poses one of the biggest corporate risks of recent times. Boards, whose raison d’être is to mitigate risk, must evolve if they are to effectively fulfil their purpose.