Shownotes
The speed of change in technology has altered the business landscape dramatically and how we operate in that swiftly changing environment will determine our future success. The way boards have operated in the past is no longer fit for purpose, now and in the future.
Boards are under increasing pressure operating in volatile and uncertain environments requiring boards to stay on top of far more information than ever before. The additional focus on topics such as digital, AI and ESG are increasing the demands for compliance and competing for time taking up previously with strategy and stewardship.
In this episode Dr Dean Blomson shares the need to adapt swiftly to these emerging concerns otherwise there will be potential consequences of ignoring them. Dean is a highly experienced strategy and transformation advisor and a seasoned professional with a diverse board portfolio career.
In modern-day business, it is crucial that we challenge traditional board models. Listen in and discover how using innovative approaches, adaptability, and purpose-driven governance can help navigate challenging board governance and lead to effective board leadership.
WHAT YOU’LL DISCOVER IN THIS EPISODE:
- Why Board members need to reconsider how they operate (03:33)
- Four actions to become more effective as Board (08:55)
- How digital transformation is changing the board room (14:45)
- Understanding the new fit and proper for board member qualification (26:12)
- Tips for the board to approach ESG policies better (32:55)
QUOTES
"We're living in a volatile, uncertain, complex and ambiguous (VUCA) world and that means the board has to pedal harder to stay on top of things." -Dr Dean Blomson
"As a member of the board, you have to ask yourself, is the rate of change on the outside, greater than our rate of change as a board?" -Dr Dean Blomson
"We want to do the very best we can with the time available to us. But it's a complete hallucination for us to believe that even as eight or 10 well intentioned, skilled, constructive directors, that we can stay on top of things." -Dr Dean Blomson
