Boards and value creation

IN an age of disruption, businesses now more than ever need to find creative solutions to the challenges brought about by transformation in the forms of new technology, evolving business models and customer expectations. In times of uncertainty, where the pace of change is chaotic, innovation is likely to be the key to managing potentially existential threats for enterprises.

Boards need to be more than a required governance mechanism. Great boards that innovate with diversity can create value and help their enterprises differentiate, and succeed. Innovation can be an instrument of strategic value creation for the enterprise, and can take many forms. Such value-creating boards tend to have an innovation committee, private equity mindset, and a focus on talent management and sustainability.

Innovation committee