Much like financials are audited, digital should be audited to ensure your company leaders are working together and there are checks and balances in place. Think about the financial crisis that led to the need to separate accounting and audit functions and the importance of having checks and balances to ensure that one viewpoint does not dominate and expose the company to risk. The same philosophy should apply in the digital arena.
Using our proprietary Digital Mapping® Tool, we work with your senior executives to understand how all facets of digital are managed and visually map it across the organization, as well as benchmark it against key competitors. This mapping exercise becomes a baseline to make important decisions about management, oversight and strategy to ensure you don’t miss important opportunities or threats to your future. We do this with the board in mind to help you be prepared to ask the right questions and provide oversight to the company.
If you have not spent a lot of time addressing digital in your board meetings, it may be time to schedule a half-day or full-day retreat to fully debrief on how your company is managing these threats and opportunities and how it approaches a holistic digital strategy. Board agendas are already packed with little time for additional information, so carving out a day to spend just on this issue may be extremely valuable in defining your role in overseeing digital and understanding the current state of digital intelligence in your organization. A sample agenda:
- Cybersecurity. Get a briefing and review of the company plan (how you are preparing, practicing, and improving on a continual basis)
- Digital threats
- Digital opportunities
- Data and how it’s used across the organization
- Forecasting the future based upon the signals and data o Audit, prepare, practice in action
- Social-media training for board members
- Do’s and don’ts
- Privacy threats
- Changing settings on smart devices and social media networks to protect you from yourselves
We are happy to include event planning for off-site locations to maximize your opportunity for leadership development among your board members or coordinate with other off-site meetings you may be scheduling.
Digital Board Training & Coaching
If your board members are looking for one-on-one or small group coaching on how to carefully manage privacy and be mindful of cybersecurity threats across their personal and professional use of social media, mobile and the internet of things, we offer tailored coaching with a licensed attorney so that all conversations and discussions are protected by the attorney-client privilege.
Most of us don’t want to admit when we don’t know something or may not be up to speed on the latest technology, particularly when it comes to the increasing exposure and risks. We provide personalized and private coaching to help your board members develop their own personal best practices to mitigate risks and protect their privacy with a deep understanding of the role of directors and their fiduciary duty to stakeholders of the company and the public.
Form a Digital Committee
As boards face increasing threats from digital obsolescence to cybersecurity, the need for a board committee to focus on these threats and opportunities has never been more great. We work with your board to define the role of digital on the board and the type of oversight required. We interview your senior executives to build a solid baseline and methodology for consistently reporting to the board:
- The CMO, on marketing and how the consumer is connecting to the company in the digital world
- The CIO or CTO, to ensure that the cybersecurity plan is in place, tested, and continually improving
- The CLO, on how privacy, intellectual property, and Internet policy are being considered
- The CEO, providing insights into the future strategy of the company and on signals of change that are coming
- The CDO, to report directly on how the company is building a holistic approach to digital
Over this one year program, we help you define the role of the company, set expectations for senior executives and prepare for using the information on an ongoing basis.
Cybersecurity threats, artificial intelligence, societal shifts, and rapidly changing technology are just a few threats that could render your business obsolete. How do you ask the right questions and lead your board to oversee these important new facets of governance? Our Digital Foresight program will prepare you for threats that will impact your company before it’s too late.
Consider a few key questions:
- Does your board have a digital or technology committee? If not, should you? How would you measure their success?
- Does your company have a holistic digital strategy that now intersects the complex privacy regulations, cybersecurity, changing global internet policy and potential disruption that lies ahead?
- How frequently does your CMO, CLO and CIO meet to ensure the work they are doing is not only aligned, but does not unintentionally overlap in dangerous ways? How does the board oversee this?
- Do you have a safe place for innovation and ideas to be developed within your company not tied to a P&L? How does the board ensure you are not missing important trends, threats or opportunities to the survival of your business?
- Will Amazon disrupt your industry? Are you sure about that? If not them, who could?
- Did you know that 60% of cyber attacks are never reported to senior management? Do you know how easy it could be to breach your systems? If you are held personally responsible, do you think a measurable plan for the board is important?
We understand the role of the board in governance and specialize in working with boards to be prepared for the digital future. Our expertise is understanding the impact from all facets of the organization including cybersecurity, privacy, the internet of things, artificial intelligence, societal and workforce shifts, and how digital will impact the bottom line in the future. Using our proprietary Digital Mapping tool, we tailor our program to each board’s specific needs, but a few of the ways we work with clients include:
- Mapping your company’s digital and cybersecurity functions against competitors and future trends.
- Evaluate if your company initiatives are aligned with what you expect in the boardroom.
- Assess and evaluate the need for a Digital or Technology Committee.
- Advise the Board on questions to ask of leadership.
If you'd like to know more, contact Jen at firstname.lastname@example.org.
If you need a dynamic speaker to shake up your team to think about the future and what’s coming in a changing digital world, Jen Wolfe offers insightful commentary, stories of companies who failed to see changes, best practices and key takeaway points in an engaging and friendly approach. We’re happy to customize the discussion to your company and specific needs.
For videos by Jen, check out our You Tube Channel at Dot Brand 360.