- McKinsey’s “How effective boards approach technology governance” article from September 2022 discusses typical board technology engagement models
- Below are the four most common engagement models applied by Global Fortune 500 companies
Source: McKinsey & Company
Factors impacting engagement model selection…
- Importance of technology to the organization
- Existing board technical expertise and its relevance to the business model
- Pace of technological change/ transformation relative to peers
- Technology risks potentially disruptive to the business/operating model
- Management’s current effectiveness in addressing key technology issues
► ILMAM’s Optimal Board Program framework can help companies optimize their overall board work cycle, while considering the relevant drivers and trends