Technology
10/24/2019

Solving Your Board’s Biggest Knowledge Gap

Despite discussing the issue rather frequently in board meetings, 80% of bank directors and executives say their board needs to enhance its technology expertise, according to Bank Director’s 2019 Technology Survey. This comes as more than half report that technology is on the agenda at every board meeting, and 39% say they discuss it at least quarterly. So, what’s behind the knowledge gap? When it comes to technology, the board doesn’t know what it doesn’t know. Most lack technology backgrounds. And while 43% say they have a board member whom they consider to be a technology expert, it’s simply too vast of…

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WRITTEN BY

Emily McCormick

Vice President of Editorial & Research

Emily McCormick is Vice President of Editorial & Research for Bank Director. Emily oversees research projects, from in-depth reports to Bank Director’s annual surveys on M&A, risk, compensation, governance and technology. She also manages content for the Bank Services Program, including Bank Director’s Online Training Series. In addition to speaking and moderating discussions at Bank Director’s in-person and virtual events, Emily writes and edits for Bank Director magazine, BankDirector.com and Bank Director’s weekly newsletter, The Slant. She started her career in the circulation department at the Knoxville News-Sentinel and graduated summa cum laude from The University of Tennessee with a bachelor’s degree in Spanish and International Business.