Recruitment of technologists who can help boards oversee strategy, technology and cyber security continues apace, and those directors are joining committees that oversee technology and operations. In the past month, companies such as Citigroup, Total System Services, Williams Sonoma and World Fuel Services appointed directors with technology expertise, and in nearly all cases, the new directors were simultaneously appointed to tech committees.
The recent board moves are in line with current trends around recruitment of directors with cyber-security, IT or digital experience. In a survey of 870 directors published this week by PwC, 72% of directors reported that their boards either don’t have enough IT expertise or have some, but still need more. The same percentage reported that their boards either don’t have enough or still need more cyber-security expertise.
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