Working With Boards on Digital
Name
2019_0901_PrincipalDigitalBoard_WeillScholtenWoerner.pdf
Size
310.56 KB
Format
Adobe PDF
Checksum (MD5)
7e3888222e10cead1912ca59f09f8d60
Author(s)
Weill, Peter
Scholten, Gary
Woerner, Stephanie L.
Date Issued
September 19, 2019
Publisher
Cambridge, Mass.: Center for Information Systems Research, Sloan School of Management, Massachusetts Institute of Technology
Citation
Weill, Peter, Gary Scholten, and Stephanie L. Woerner. “Working With Boards on Digital.” MIT CISR Research Briefing Volume XIX, no. 9 (September 2019). https://dspace.mit.edu/handle/1721.1/174925.
Series/Report no.
MIT CISR Research Briefing, Vol. XIX, No. 9
Abstract
Digital changes everything and having board members who are digitally savvy is a new financial performance differentiator. Digitally savvy boards must design board agendas and board member engagement to provide the time and resources needed to become more digital savvy and it pays off. We assessed three key areas a board must address strategy, oversight, and defense. In this briefing, we describe Principal Financial Group s efforts to help its board become more digitally savvy, which have helped the company make decisions and act strategically, and put it on track to achieve its target growth and improvement goals. We conclude with five lessons learned from working with more than thirty boards globally.
Subjects
CxO Leadership
Boards
Business Models
Business Agility
IT-based Business Transformation
Terms of Use
CC BY-NC 4.0 (Attribution-NonCommercial 4.0 International)
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