An analysis of the boards of U.S.-listed companies determined that companies with boards of directors that have at least three technology-savvy members outperform other companies. But the pervasiveness of technology suggests that every director should at least understand how technology enables the organization’s strategy and business model as well as the implications of disruptive innovations to their industry. The bottom line is that every director today should be technology-engaged. No director gets a pass.
This issue of Board Perspectives offers six suggestions for boards to consider as they become technology-savvy members.