April 17, 2019
It’s never been harder to be a board director than today. The rapid rate of change, the speed of information and digital disruption have sent corporate risk soaring to an all-time high, yet many boards are still governing according to practices that haven’t materially changed in 150 years. For the first time ever, boardroom practices are being studied in light of the accelerating pace of change of the digital age. Brian Stafford, CEO of Diligent, and Dottie Schindlinger, Vice President of Thought Leadership, co-authored Governance in the Digital Age to provide a framework for businesses to improve governance operations in a world where speed and change are impacting every industry. Whether it is cyber risk, activist investors, ESG or #MeToo; governance practices need to modernize and adapt to keep pace with that change. This eye-opening book provides a look into the world’s most exclusive corporate boardrooms and equips directors with what they need to navigate today’s challenges.
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Operating a global network of 600,000 leaders, functioning at the center as the eyes and ears for 50 percent of Fortune 1,000 companies, Stafford and Schindlinger are in a unique position to offer a perspective on boardroom best practices.
“We wrote Governance in the Digital Age to provide a contemporary roadmap for board directors to adapt their practices to meet the rapid pace of today’s challenges,” said Stafford. “The old rule of long form boardroom deliberation is a thing of the past and modern governance is the new standard for directors. The amount of information is endless today and success is now defined by how prepared board members are to address issues that can arise at a rapid and unforgiving pace.”
The book embarks on a journey to study today’s governance practices in a business environment that is increasingly decentralized and lays out what it takes to succeed in this era. The book’s sections on “Governance Practices in the Digital Age” and “Framework for Modern Governance” truly encapsulate the state of the corporate board. Governance in the Digital Age provides more than a perspective, it brings governance to life through stories shared by board directors, including: Betsy Atkins, CEO and Founder of Baja Corporation, who serves as a Director on the Boards of Directors of Cognizant, Wynn Resorts, SL Green Realty, Schneider Electric, and Volvo Cars; Erin Lantz, Vice President and General Manager, Mortgages for Zillow Group, Director on the Board of Directors of TrueCar, Inc., and former Director on the Board of Directors of Washington Federal; and Laurie Yoler, founding member of Tesla’s Board of Directors, and now serves on the boards of Church & Dwight, Zoox, Bose Corporation, and Noon Home.
“There’s never been a more demanding time to serve on a board,” added Schindlinger. “What came to light through our conversations with directors is the hunger they have to gain better insights and update boardroom practices. This book can provide them with a blueprint to drive the change needed to succeed in the digital age.”
Governance in the Digital Age can be found at Amazon and Barnes & Noble stores across the United States.
Author Bio: Brian Stafford
Brian Stafford is the President and CEO of Diligent Corporation, the leading SaaS company for modern governance. Under his leadership, Diligent’s clients and revenue have grown by three-fold. In addition to being a former partner at McKinsey & Company, Brian also founded CarOrder, and co-founded Blue Seed Capital, a NYC venture capital firm. In 2018 and 2019, Stafford was named one of the 100 most influential leaders in corporate governance by The National Association of Corporate Directors (NACD).
Author Bio: Dottie Schindlinger
Dottie Schindlinger is the VP of Thought Leadership for Diligent Corporation. With more than 20 years of experience in the space, she is a leading voice on the issues of governance and technology for boards and executives around the world. Dottie is also a founding team member of the software company BoardEffect. Her work has been featured in Forbes, The Wall Street Journal, and other global governance and tech publications.
Diligent is the leading Enterprise Governance Management provider of secure corporate governance and collaboration solutions for boards and senior executives. Over 16,000 clients in more than 90 countries and on all seven continents rely on Diligent for secure distribution of board materials, as well as secure messaging, integrated compliance, board evaluation and entity management. Governance Cloud is the only solution that meets the evolving governance needs of leading organizations. Visit www.diligent.com to learn more.