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The Board Room for the Future

Room view for the boardroom for the future

Technology is becoming a key component in every business and the boardroom must to keep up. This will require specialised commercially-savvy C-Suite executives who are able to distinguish short-lived trends from essential tools. These experts can assist in making the most out of new technologies and ensure they are incorporated in the business strategy. They can also provide the necessary information to decide if a new tool will be used or not.

To ensure resilience in the operations of the company the culture, strategy and operations the boardroom of the future must be dynamic. This means being inquisitive enough to look for opportunities around the corner and their downstream effects as well as evaluating previously unconsidered options, and seizing new opportunities.

Boards must adopt flexible meeting formats. This will include remote meetings with videoconferencing and collaborative platforms, enabling an increased level of participation from global directors who are unable to travel in a timely manner. It is also essential for boards to embrace sustainable practices. Investors are increasingly looking at the sustainability and climate performance of companies. It is essential that the current and future board members remain informed.

The boardroom of the future will promote the culture of continuous learning and development for all members. The boardroom of the future will place a greater focus on education, and will include interactive sessions and guest speakers to keep them informed about the latest trends in the industry and the best practices. M1 Business Hub’s professional development programs will aid in this by offering workshops and resources led by experts to keep the board at the forefront of business practices.

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