"When an individual joins a board, they agree to take on the fiduciary responsibilities for the shareholders. They agree to be held accountable for those interests."

Art Hopkins, Managing Director Russel Reynolds, is a global leader in assessment, recruitment, and succession planning for boards of directors, chief executive officers, and key roles within the C-suite. 

In this episode of Expedition Tech, we discuss the changing dynamics of the boardroom and what it takes for CIO’s find a seat at the table. We cover key skills needed, the difference between digital transformation and technology, and the vital role of a CIO/CDO on the board. 

Key Takeaways

• What does it take to be an effective board director
• How does digital transformation differ from technology
• What is the role of the chief information or digital officer on the board

Time Stamps

• 6:33 there’s a clamoring for digital expertise on boards
• 8:29 getting a 360 degree view of tech is key  
• 10:20 having a basic grasp of accounting and finance skills 
• 23:48 the importance of P&L responsibility
• 31:33 IT strategy at the board level