The use of artificial intelligence (AI) is growing rapidly across the world, changing whole sectors, creating business opportunities and with the potential to drive economic growth and transform lives. It can, however, cause damage and harm to organisations using it and wider society so it has to be effectively controlled and managed by all…
Non-executive directors are expected to have a range of skills and experiences that benefit the company they serve. Some of the key skills and attributes are commonly sought by organisations: Strategic thinking and decision-making: your ability to understand the company’s strategy and vision, and to provide constructive input and guidance to the board on…
In this blog, we explore the role of the board and non-executive directors in driving innovation. Innovation is important in the boardroom because it drives growth, competitiveness, and long-term success for the organisation. Innovation can be a key factor in determining the organisation’s ability to adapt to changing markets and customer needs, and to…
Cyber security (the protection of devices, services and networks and the information on them from theft or damage via electronic means) must be a key concern for board members. Indeed, according to the managing director of the World Economic Forum (WEF) expressed in its 2022 Global Security Outlook it is “not a separate technology but…
Cyber security, risk, and insurance for the board In June 2022, NEDonBoard hosted subject matter experts Francis Kean and Shannan Fort, both partners in Financial Lines at McGill and Partners and Elaine Bucknor, portfolio non-executive director and former CISO. Guest speakers Shannan Fort is a Partner of Financial Lines, Cyber at McGill and Partners.…
The fixed hybrid working debate is moving on towards a more hybrid culture mindset. We look at why this helps businesses and suggest four ways boards can support the leadership team to make the change. ‘Hybrid cultures’ is a term that is starting to gain momentum as hybrid working continues to evolve, and that requires…
Artificial Intelligence in the board In June 2022, NEDonBoard hosted Sue Turner OBE and Markus Krebsz to share their AI governance expertise, focused on the use of AI to accelerate boards’ ESG journey and build sustainable business. We discussed the opportunities and risks created by artificial intelligence, the need for robust AI governance that incorporates…
In May 2022, NEDonBoard interviewed Nigeria-based CEO and portfolio NED Nkemdilim Uwaje Begho, bringing an international and African perspectives on the non-executive director role. NEDonBoard COO, Elise Perraud, facilitated the conversation and drew a number of similarities between NED roles, governance practices and hot board topics across jurisdictions. Nkemdilim Uwaje Begho: biography Nkemdilim Uwaje…
What is digital transformation? Digital transformation certainly isn’t taking existing business processes and automating them; that is called workflow or process automation. Similarly, it isn’t simply the migration of old systems to new(er) systems. Both activities may have a value but aren’t as beneficial to the business as digital transformation. Digital Transformation involves…
