Digital Proficiency of CEOs and Boards of Directors 

There is growing evidence that success in digital transformation requires leaders who are digitally competent. A recent article in the Harvard Business Review made two observations from other studies in this regard:

  • “Fewer than 25% of CEOs and about 12.5% of CFOs in the sample could be regarded as digitally proficient”
  • “companies with three or more digitally savvy directors on their boards reported 17% higher profit margins and 38% higher revenue growth than those with two or fewer directors.”

This requires more than a general awareness of technology strategy. It calls for a working, hands-on knowledge of how IT systems work. Check it out here.

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