The Institute of Directors promotes excellence in corporate governance, represents directors’ interests and facilitates professional development through education and governance training. Now, more than ever before, members are looking to the IoD to keep them up to date on “what matters” in governance. That’s why we are launching a new concept bringing together all the resources of the IoD to focus on a number of themes during the year. Our first theme “What Matters in digital” focuses on how to build your board for tomorrow's digital future. Look out for our What Matters in digital symbol for access to resources, development opportunities and branch events you can use to help improve your board's understanding of the influences in today's digital era, and remain agile to adapt to disruptive change.
In 2015 almost half of those who participated in our annual Director Sentiment Survey said they expected to face major technological and business disruption during the year. In 2016 that number hadn’t changed, while barely a third of boards say they have the capability to deal with their organisations digital future.
Technology continues to be a strong theme when it comes to internal risks so developing board and organisational capability must be areas of focus for directors to ensure organisations are resilient.
A number of stories in this edition of boardroom explore different aspects of What Matters in digital. The cover story features Sue Suckling, Victoria Crone and Murray Strong on the 21st century director and understanding the digital revolution. Our Governance Leadership Centre explores what it means to be digitally literate, and as always, we value the contribution of our partners to the magazine, offering expert views on issues including cyber security, artificial intelligence and emerging risks for directors.
Member stories are an important part of sharing the breadth of experience and knowledge that is held by your peers. Some members will have experience working in governance roles both here and overseas, and recognise the message from one of our members in Tonga, that while the cultural frameworks you work within might differ, the principles of good governance are the same.
Equally, good governance practices enhance organisations working in every part of the community. The IoD has been running sessions with boards that work with the most vulnerable members of society; since September in partnership with the Ministry of Social Development. This is one of many important projects the IoD has delivered to social sector providers, giving them access to governance training that they otherwise might not have had the opportunity to get.