Digital expertise in the boardroom ‘improves company performance’
Study finds positive association between board-level digital expertise and company success, including the use of new tech in business models.
Image: Turgaygundogdu/Shutterstock
Are tech experts on boards a necessity? New research suggests companies may fare better with high-level digital knowledge around the boardroom table.
Academics at the University of Westminster have examined the relationship between digital expertise on boards and its impact on companies. They conclude there are correlations between their presence on boards and several success factors. Indeed, company performance could improve by as much as 5% due to having a digital expert in the boardroom, they say.
“Our results show that digital expertise on boards is positively associated with firm performance, by the possible mechanisms of improve
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda
Related Stories
-
Corporate culture: concept into focused action
Culture has become a headline issue for companies but few seem to pay it more than lip service. How do you turn such an important issue into focused action?
-
ESMA sets out principles for Brexit among EU member states
The European Securities and Markets Authority (ESMA) has released guidance on achieving a common approach to supervision among EU member states following Brexit.
-
Public loses faith in capitalism while backing ‘stakeholder’ business
Majority think capitalism does more harm than good, while 93% say stakeholders are the “most important to long-term company success".
