Boardroom of the future
Technology is becoming a key component in every business and the boardroom is required to keep pace. C-Suite executives with commercial savvy and a specialised background will be required to differentiate between trends that are fleeting and tools that are vital. They can help you get the most out of the latest technologies and ensure that they are integrated into the business plan. They can also give the necessary information to decide whether a brand new tool will be used or not.
The boardroom of the future will have to be flexible and fluid in order to embed resilience into the organization’s strategy, operations and culture. This is about being a bit curious enough to see the potential for challenges around the corner and downstream impacts, evaluating the unexplored options and spotting a new opportunities.
Boards will need to adopt flexible meeting formats. Remote meetings will be scheduled by using videoconferencing platforms and collaborative platforms to offer global directors who cannot travel easily a greater degree of participation. It is also crucial for boards to embrace sustainable practices. With investors increasingly zeroing in on the sustainability performance of businesses it is essential that future and current board members remain educated on ESG and climate issues.
The boardroom of the future will click to investigate foster a culture of continuous learning and development for all members. This will require a greater focus on education for the board including guest speakers and interactive sessions that keep the board up-to-date with the latest trends in the industry and best practices. M1 Business Hub’s professional development programs will assist with this by providing workshops and resources facilitated by experts who will keep the board on the cutting-edge of business practices.
