Blue Ribbon Commissioners Discuss Navigating Technology Disruption

 

Thank you to our sponsors, Kumar Parakala from GHD Digital, and Nadia Ahmad and Tarek Ebeid from KPMG US for generously sponsoring this event, and to the Playground Global team for hosting us and providing such fascinating tours.

 

 

Where to Start: Prioritize time as a board to clearly define how technology impacts your business. Understanding its role is critical for setting strategic priorities.Committee Structure: Determine the appropriate board committee structure to ensure technology remains a key focus. Consider options like forming a technology advisory board, partnering with a third-party technology expert, creating a tech subcommittee within the audit committee, or establishing a dedicated technology committee.

Experimentation: Embrace a mindset of experimentation with emerging technologies. Stay informed about the latest advancements and leverage tools that enhance productivity while deepening your board’s understanding of how these innovations can be applied across your organization.Ongoing

Education: Make it a priority for all board members to stay educated on technological developments. Avoid relying solely on one tech-savvy member or management for updates; instead, foster an environment for collective learning and information sharing to ensure informed decision-making

Evaluation: Establish clear metrics to assess how technology is performing within your organization, ensuring it aligns with your broader strategic goals.