Today has changed how to do business, and boards of directors need to address and meet today’s challenges. Good article. For me, the keywords in the article are EFFECTIVE BOARDS. I still occasionally run into boards who meet for the free lunch and all else is nap time …… okay, so maybe that is a bit harsh, but businesses who have an active and participating, carefully selected board are light years ahead of their competition who do not.
Excerpt: While directors do not want checklists, mandates and unnecessary regulations to oversee their enterprises and drive effective board governance, the digital age demands that directors and their boards be nimble, innovative, ethical and value-producing entities on behalf of global stakeholders. So stay in the know and engage in director-led peer education. It is the best way to ensure our future growth and prosperity.
Ed’s perspectives are important for all directors to keep in mind, from those who are newly appointed to their first board positions to those who have been seasoned with years of experience. The accelerated pace of a global marketplace fueled by an increasingly reactive media environment requires a higher level of responsibility
Read full article via Five Guiding Points for Directors in the Digital Age of Corporate Governance « NACD Blog.