The Tech-Savvy Necessity: Preparing the Board to Go Beyond the Digital Frontier

In brief: Digital transformation has been spurred forward by the COVID-19 pandemic. Corporations and boards alike have had to quickly shift into remote work environments and consider the risks that stem from that. Having technology skills as a part of the board’s composition has proven vital for companies to remain agile as they navigate the crisis. This brief, written by Deloitte and originally appearing in the 2020 Governance Outlook: Projections of Emerging Board Matters, assists directors in providing oversight of emerging technology trends without stepping into management’s role.

This resource can help your board to

• recognize the need for technology skills in the boardroom,
• understand where technology can be a crucial asset in creating new opportunities, and
• provide oversight of digital transformation.

Most relevant audiences: Risk committee chairs, risk committee members, audit committee chairs, and audit committee members