BOARD PRIORITIES FOR 2022
1. Revised strategic plan
The pandemic has reduced most plans, and management should present shorter-term plans that can be overseen by the board. Good boards will ensure, especially in times of disruption, that management presents a phased plan, with board input, that reflects changing circumstances. The values, purpose, vision, mission, business model, key performance indicators and risks should all be reviewed, in writing, and approved by the board.
2. Digitilisation of the business model
Remote working has accelerated digitalisation, and boards need to understand the impact of AI, IoT, blockchain and automation on the company’s business model.