Time to review the composition and competency profile of your board?
With boards of directors world-wide increasingly under scrutiny, high performing boards regularly evaluate whether they have a strategy-supporting board structure and the right composition – members with the right breadth of knowledge skills and experience to lead and govern.
You can tell quite a lot about a board’s composition and responsibilities from looking at the disclosures section in the organization’s annual report. Given access, you can tell even more from the priority given to acting on the results of board evaluations and strategic reviews.
How up-to-date is your nominating committee when it comes to strategy and technology? Does you audit and risk committee have the competency to oversee all areas of enterprise technology risk? Do you have a technology governance committee?