IMHO: AI expertise on boards: real growth or skills inflation?
An increased number of AI experts on boards raises questions about the realities of board composition and the dynamics of skills inflation.
The IoD, in partnership with Marsh, released their third Directors’ Risk Survey Report in February 2017.
The survey found that cyber-attacks, technological disruption, reputational risk, and the time spent on risk oversight remain a key focus for directors.
Thirty-two percent of directors say they do not have the framework in place to manage the risk of a cyber-attack, no change from IoD’s own Director Sentiment Survey conducted late last year which showed barely a third of directors had the capability to deal with their organisation’s digital future.
Sixty-two percent of respondents envisage the increasing influence of social media will have an impact on their business over the next year, ahead of talent attraction and retention (59%), and increased corporate governance requirements (55%).