Issues : Technology

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...