NOT READY FOR DISRUPTION: Boards should seek guidance on overseeing digital changes.

Author:McCollum, T.
Position:Update
 
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Nearly half of corporate directors say their board lacks the resources needed to guide their companies through technological disruption, a Corporate Board Member magazine and Ernst & Young LLP study reports. Indeed, directors say they have greater confidence in management's ability to address disruptive change than they have in the board's acumen.

Indeed, most boards rely primarily on management briefings to stay abreast of industry trends and technology innovations, according to the How Boards Are Governing Disruptive Technology report. These developments aren't showing up regularly on the board's agenda, though. Only three in 10 boards discuss emerging technologies regularly, while nearly half discuss them on an ad-hoc basis.

"Directors should...

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