HARVARD BUSINESS SCHOOL:
This strategy is particularly salient today, as AI has quickly become one of the most pressing issues facing boards—but it is hardly the only disruption they will need to navigate. AI and other aspects of digital transformation are “fundamentally reshaping what boards must oversee, how quickly they must respond, and how complex their judgment calls have become,” remarks Heather Smith, Managing Partner, Board & CEO Practice at executive search firm DHR Global.
Diane Charness, Managing Partner, Global Nonprofit and Social Impact at DHR Global, explains that “what corporate board directors are learning on the corporate side, they’re bringing back to their nonprofit boards and vice versa. These earned experiences are intertwined, contributing to the evolution of board governance in both sectors.”