According to Spencer Stuart’s new report: “Is Your Board Ready for the Challenges That Are Coming?”, both CEOs and directors identified digital / technology / AI expertise as a skill boards need to add or increase in the next three years – topping cybersecurity experience, regulatory / government experience, global perspective, and an investor background:
The report cautions against overreliance on issue-expertise on the board as a whole and suggests other approaches—in addition to ongoing strategic refreshment—that boards can consider to gain intelligence on discrete topics, including external experts, as well as internal staff who may be at levels below the members of the C-suite who regularly report to the board.