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ARTICLE · 20 MAY 2021

Digital Transformation Is Happening Now: Is Your Board Ready?

The board of directors must understand what innovations its company should adopt and what it will mean for the company.

CanadaCorporate/Commercial Law

The board of directors must understand what innovations its company should adopt and what it will mean for the company.

To assess this, several questions may be asked.

These can include:

  • Is the board ready to implement sweeping and significant changes?
  • How will this digital transformation impact the company culture, the employees, and its customers?
  • What benefits will the company get from these changes?
  • Will new employees need to be hired to make these changes?

You will also need to assess if your company is ready.

  • Is your company prepared for new technology?
  • Do your employees have the skill sets necessary to move forward?
  • Are your executives and managers confident in their employees and the success of the new technologies you are considering?

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