Business of all sizes and across every industry are pursuing digital transformation to reimagine solutions to existing challenges and create exponential value for their customers and partners.
Boards play a critical role in guiding firms through the transformation. The stakes are high as few as one in ten executives say their organization is successful in executing digital transformation strategies.
This quick guide for directors sets out five major digital governance principles to help directors navigate the complexities of digital transformation and emerging technologies, along with recommendations to avoid potential pitfalls, spot red flags, and formulate a cohesive oversight approach.
The report has been developed with input and insights from the member institutes of the Global Network of Director Institutes and the associated report Governing Digital Transformation and Emerging Technologies: A Practical Guide, developed by Marsh McLennan and National Association of Corporate Directors.
Five Digital Governance Principles