Director FAQ: Board Oversight of Emerging Technologies
In brief: Digital technology is dissolving traditional boundaries between industries and creating more opportunities for disruptors to displace incumbents. Although technology has historically been viewed as an enabler of business operations, today, it is widely seen as a critical driver of growth. In fact, a PwC survey finds that the highest performing companies are more likely to have “broader definitions of digital, encompassing customer-facing technology activities and going beyond technology and into an organizational mindset.” This memo explores emerging approaches for board oversight of emerging technologies to help companies effectively reap the long-term benefits of transformative, new technologies.
This resource can help your board to
- Understand board practices around governance of emerging technologies.
- Determine how your board should approach its oversight responsibility over technology.
- Integrate the topic of technology into board discussions of strategy and risk.
Most relevant audiences: full-board members, chief information security officers, chief technology officers, chief digital officers