Board Directors Seek to Increase Tech IQ

By Dennis McCafferty  |  Posted 10-03-2013 Email

Do you find yourself in front of the board of directors more often these days? You're not alone, according to a recent survey from PwC. Board leadership no longer views CIOs as simply those "tech people" who oversee relatively routine hardware and software acquisitions and help-desk tickets. Instead, they're recognizing IT as a driving force behind essential strategies—and sometimes foreboding risk. And they want to know more about overall tech initiatives, as well as mobile trends and the competition's deployment of IT. All of this means you may want to set aside time on your Outlook Calendar periodically to prepare for your appearances at board meetings, among other interactions with these VIPs. "The technology revolution is significantly impacting the boardroom," says Mary Ann Cloyd, leader of PwC's Center for Board Governance. "It's prompting directors to increase their time and focus on IT, and to reconsider their oversight approach and seek new ways to enhance their digital IQ. While directors have made notable strides to improve effectiveness of oversight, ensuring IT strategy and risk are woven into their company's overall business plan remains a challenge." Nearly 935 public-company directors participated in the research. For more about the survey, click here.

Dennis McCafferty is a freelance writer for Baseline Magazine.


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