2024 Report of the Blue Ribbon Commission
Recommendations for Action
Expert Recommendations for Advancing Technology Leadership in the Boardroom
The 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 by supporting the firm’s ability to stay competitive and advance long-term value creation. Some recommended actions will fit seamlessly within current board and committee responsibilities and tasks, while others will challenge board and committee leaders to revise and refine practices.
Strengthen Oversight
Revise board processes, practices, and structures to oversee how technology will impact the way the company creates value. The board’s work to strengthen oversight reinforces its role as a thoughtful management advisor and authority.
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Deepen Insight
Gain a more robust understanding of complex new technologies and management’s plans to take advantage of them. Deeper insight enables the board to have fuller, context-driven dialogues with management about technology opportunities and risks.
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Develop Foresight
Pressure test assumptions about beliefs, plans, and investments related to technology, and dedicate resources to forward-looking discussions. This practice allows the board to form a trusted partnership with management in their joint discovery of new technology opportunities and outcomes.
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