Loading...
26 February 2024 / Essay
Email
Linkedin
Facebook
Twitter
Copy LinkIncrease attention to director orientation and education. Boards are being asked to address an array of topics that may be unfamiliar to them — from artificial intelligence to biodiversity to far-reaching European Union ESG disclosure regulations. The response to these challenges is not to populate the board with experts in each of these ever-emerging areas. Nor is it to hope that the board somehow educates itself. Instead, management should ensure there is a robust, ongoing director orientation and education program.
For example, according to that same survey of C-suite executives, 50% say their boards do not have a good understanding of the impact of technology on the company’s business. If such a deficit indeed exists, management is primarily responsible. And management should not be shy about bringing in the best available resources to help educate the board (and itself) about developments that are relevant to the business. In the S&
Members of The Conference Board get exclusive access to Trusted Insights for What’s Ahead® through publications, Conferences and events, webcasts, podcasts, data & analysis, and Member Communities.
