Board chairs are leading their boardrooms with more than a little “new” stuff.  Businesses that are able to see the digital world and social communications as opportunities are the fortunate ones.  Now is the time for board leaders to take a risk.  Yes, take the risk of utilizing social media for your communications. Technology is an important part of your business strategy, so put it on the agenda and leverage it.

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NACD and Oliver Wyman’s Global Risk Center recently conducted a study to address the issue of IT risk oversight titled Taming Information Technology Risk. According to the survey, nearly half (47%) of directors are dissatisfied with their board’s ability to provide IT risk oversight. Almost a third of directors believed failure to properly provide IT risk oversight stemmed from insufficient expertise at the board level. [Read more…]