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By Venetia LEAN, Member of the Board of Directors, Banque Havilland S.A.
Technological change is not a new concept for boards, but the speed of change witnessed recently is unparalleled particularly with the rapid advancements in technologies such as AI, cloud computing and big data. In addition, recent estimates indicate that the COVID pandemic has accelerated the digital timeline by up to four years, pushing digital matters to the top of the board agenda. Digital transformation can no longer be seen purely as the domain of the IT department.
Many boards of directors, however, find themselves overwhelmed by the complexity and speed of digital transformation and unclear on the role they should take, fearing that they do not possess the...
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