JOURNAL ARTICLE

Boards Need a New Approach to Technology.

  • Published In: Harvard Business Review, 2024, v. 102, n. 5. P. 128 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Khanna, Tarun; Beckerle, Mary C.; Sakkab, Nabil Y. 3 of 3

Abstract

The article focuses on the growing importance of board-level technology committees in publicly traded companies to better capitalize on scientific and technological advances beyond mere security and digitization concerns. It highlights how such committees at companies like AES, Johnson & Johnson, and Altria have driven innovation in areas including renewable energy, medical technology, and tobacco harm reduction by fostering long-term, interdisciplinary strategies and managing technological risk. The article outlines the committees' roles in identifying relevant technologies, advising boards, and collaborating closely with management, while offering guidance on their composition, agenda, and evolving practices. It also notes that while adoption of these committees is increasing among Fortune 100 and 500 companies, many boards remain cautious due to limited technical expertise and a defensive posture toward technological change.

Additional Information

  • Source:Harvard Business Review. 2024/09, Vol. 102, Issue 5, p128
  • Document Type:Article
  • Subject Area:Economics
  • Publication Date:2024
  • ISSN:0017-8012
  • Accession Number:178978215
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