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2024 Blue Ribbon Commission
The 2024 report was developed with the collective experience and insights of the diverse 24-member Commission who serve on more than 50 boards in the public, private, and nonprofit sectors.
Technology OversightBlue Ribbon Commission ReportLetter from the Cochairs
Technological advancement is disrupting businesses and proceeding at a rapid pace. Boards must practice technology leadership to guard against the risks of this changing environment seize the opportunity technology offers.
Technology OversightBlue Ribbon Commission ReportMember-OnlyThe Case and Call for Action
Transformative technologies and data are disrupting the business environment and raising the stakes for board oversight of technology. As technology continues to move quickly it threatens strategic timelines, board knowledge and expertise, and competitive advantages, while rising stakeholder expectations and an uneven regulatory landscape demand a new approach to technology oversight. To confront these changes boards and directors must strengthen their oversight, deepen their insight, and develop greater foresight.
Technology OversightBlue Ribbon Commission ReportMember-OnlyRecommendations: Strengthen Oversight
Boards need to strengthen their oversight of the organization’s use of technology and data. This includes driving stronger alignment between the company’s purpose and values and its technology strategy and growth plans, considering changes to the oversight structure, and clarifying critical decision-making roles for the board and management.
Technology OversightBlue Ribbon Commission ReportMember-OnlyRecommendations: Deepen Insight
Boards need to be equipped with sufficient insight to guide their companies through an increasingly complex technology environment. These recommendations focus on actions boards can take to accelerate their technology proficiency and establish the right board-level metrics in partnership with management.
Technology OversightBlue Ribbon Commission ReportMember-OnlyDevelop Foresight
Recommendations to develop foresight include a robust process to integrate technology considerations into strategy development, the use of exploratory discussions as tools to consider different scenarios and developments, and effective board calendar and agenda management.
Technology OversightBlue Ribbon Commission ReportMember-OnlyQuestions to Assess the Role of the Board Regarding Technology
Along with being a core fiduciary duty for directors, board oversight is also key to ensuring that technology is used responsibly and in alignment with the company’s strategic objectives and values. Asking the right questions about the company’s approach to technology can help to regularly apply the fiduciary mindset to technology matters
Technology OversightBlue Ribbon Commission ReportBoardroom ToolMember-OnlyTechnology Oversight Structures: Is a Technology Committee Right for Your Board?
This 2024 Blue Ribbon Commission tool provides information about fiduciary board committees and technology advisory boards. Boards considering establishing a technology committee or technology advisory board can use this tool to understand the key features, important differences, benefits, and issues to consider about each structure.
Technology OversightBlue Ribbon Commission ReportBoardroom ToolMember-OnlySample Technology Committee Charter
This 2024 Blue Ribbon Commission tool is a starting point tool for drafting a technology committee charter.
Technology OversightBlue Ribbon Commission ReportBoardroom ToolSet Up for Success: Considerations When Developing a Technology Committee Charter
Boards can use this 2024 Blue Ribbon Commission tool as a reference guide that outlines the key components of a technology committee charter and the associated items boards should consider when establishing a technology committee.
Technology OversightBlue Ribbon Commission ReportBoardroom ToolMember-OnlyBoard Oversight of Data Management and Governance: Key Focus Areas and Questions for Directors
Use these questions to assist the board/committee in understanding management’s program for data governance and management and associated risks. This tool can be used when considering management’s proposed data governance program and any proposed changes, including those that respond to changes in the regulatory landscape.
Technology OversightBlue Ribbon Commission ReportBoardroom ToolMember-OnlyOpportunities for Board Engagement in Technology Oversight
This tool helps boards determine where they should engage to provide insight, guidance, and/or board approval as it relates to technology and technology-related investments.
Technology OversightBlue Ribbon Commission ReportBoardroom ToolMember-OnlyDirector Technology Proficiency Evaluation
Boards can better understand the technology capabilities and knowledge of its directors. This model will aid in defining technology proficiency criteria bands, assessing the directors’ level of knowledge, and delivering feedback.
Technology OversightBlue Ribbon Commission ReportBoardroom ToolMember-OnlyAssessing Technology Governance Behaviors
Boards can assess current or prospective directors against the foundational, differentiating, and emerging technology governance behaviors required to be effective board members. This model draws on research and data about highly effective directors and boards.
Technology OversightBlue Ribbon Commission ReportBoardroom ToolMember-OnlyTechnology Oversight and the Role of the Compensation Committee
A 2024 Blue Ribbon Commission tool for integrating technology governance into the compensation committee’s work.
Technology OversightBlue Ribbon Commission ReportBoardroom ToolMember-OnlyIncorporating the Commission’s 10 Recommendations into Your Compensation Committee Agenda
Compensation committee members and leaders can reference this tool as a starting point for integrating the 2024 Blue Ribbon Commission's recommendations into its operations. This tool offers opportunities for compensation and human capital committees to implement measurable changes in response to the report’s 10 recommendations for the board.
Technology OversightBlue Ribbon Commission ReportBoardroom ToolCompensationMember-Only20 Questions for Management: The Company’s Technology and Data Future
This 2024 Blue Ribbon Commission tool is used to help facilitate a robust and dynamic conversation about technology and data oversight with management to assist them in navigating the future of the business.
Technology OversightBlue Ribbon Commission ReportBoardroom ToolStrategy and RiskMember-OnlyNavigating Disruption: Prioritizing Technology on the Board’s Agenda
This tool from the 2024 Blue Ribbon Commission can be used to help identify future strategic technology and risk priorities, allocate priorities across committees and the full board, and incorporate topics into appropriate board or committee agendas.
Technology OversightBlue Ribbon Commission ReportBoard OperationsMember-Only2024 Blue Ribbon Commission Toolkit for Action
The toolkit, prepared in collaboration with the Commission, NACD partners—KPMG, Pearl Meyer, Sidley Austin LLP, and Russell Reynolds Associates—and NACD content staff, is geared to meet directors’ needs for actionable and practical guidance they can apply in their boardrooms.
Technology OversightBlue Ribbon Commission ReportBoardroom ToolRecommendations for Action
The 2024 Commission’s recommendations focus on building technology governance capabilities and leadership across three key areas: oversight, insight, and foresight. Strengthening performance in these categories helps each director fulfill their fiduciary duty.
Technology OversightBlue Ribbon Commission ReportBlue Ribbon Commission Report on Technology Leadership in the Boardroom: Driving Trust and Value
The 2024 Blue Ribbon Commission report calls on boards to govern technology with more definition, a more strategic focus, and more proficiency, carefully balancing the pursuit of innovation and value with the protection of hard-earned trust.
Artificial IntelligenceDigital TransformationTechnology OversightBlue Ribbon Commission ReportTools for Adopting the Commission’s Recommendations
The 2023 Blue Ribbon Commission report is accompanied by supporting materials prepared in collaboration with the Commission, NACD partners—KPMG, Marsh McLennan, Pearl Meyer, Sidley Austin, and Russell Reynolds—and NACD content staff that help boards adopt the Commission’s recommendations.
Blue Ribbon Commission ReportApproaches to Strengthening Committee and Full-Board Evaluations
Use this tool to advance the evaluation processes for committee and full board evaluations. Learn the five key elements for effective full board and committee evaluations.
Compensation CommitteePearl Meyer & PartnersBlue Ribbon Commission ReportBoardroom ToolMember-OnlyModel Individual Director Evaluation
With this resource, boards can implement best practices in conducting individual director evaluations. This model will aid in establishing a thorough director evaluation process, conducting the assessment, and providing initial and ongoing feedback to individual directors.
Director EvaluationBlue Ribbon Commission ReportBoardroom ToolRussell Reynolds AssociatesMember-OnlySetting Expectations About Director Behavior
With this resource, boards can define the cultural attributes, qualities, behaviors, and expectations for current or prospective directors to be effective board members. The tool may be used at various stages to establish behavioral criteria during the recruitment, onboarding, and individual performance review cycles.
CultureBlue Ribbon Commission ReportBoardroom ToolRussell Reynolds AssociatesMember-Only