Does Your Board Have a Digital Mindset?
Average Term Length
1-2 years
Board Composition
Foundation of functional and issue-oriented expertise, organized around diversity of perspective and experience (technology, security, etc.)
In-Demand Expertise
Digital Transition, DEI, ESG, CSR
Risk
Orientation
Anticipate risks to seize the opportunities
Mindset
“Digital” Challenge & Execute
Decision-Making Methodology
Data-Driven
Traditional Board Governance
Digital
Governance
Meetings
Short, monthly virtual meetings based on real-time reporting; one longer annual meeting
5+ years
Foundation of functional and select industry expertise, organized around relationship or investor-based commonality
Finance, Public Company, Cybersecurity
Day-long, in-person quarterly meetings and occasional committee meetings
Risk as a roadblock to change
“Expertise”
Advise & Consent
Past Performance
Average Term Length
1-2 years
Board Composition
Foundation of functional and issue-oriented expertise, organized around diversity of perspective and experience (technology, security, etc.)
In-Demand Expertise
Digital Transition, DEI, ESG, CSR
Meetings
Short, monthly virtual meetings based on real-time reporting; one longer annual meeting
Risk
Orientation
Anticipate risks to seize the opportunities
Mindset
“Digital” Challenge & Execute
Decision-Making Methodology
Data-Driven
Digital
Governance