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ARTICLE · 20 DECEMBER 2023

Boards In An Age Of Innovation

Bass, Berry & Sims PLC
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The historic pace of advancements in technology is reshaping industries and challenging all business models. Boards at public companies of all sizes and in all industries...

United StatesTechnology
Kris Kemp
Kris Kemp
Justin Hay
Justin Hay

The historic pace of advancements in technology is reshaping industries and challenging all business models. Boards at public companies of all sizes and in all industries should ensure they have the tools to fulfill their fiduciary duties in this age of innovation, with respect to opportunities as well as enterprise risks. To that end, every board should ask management to proactively address opportunities and enterprise risks arising from advancements in technology and innovation, adopt procedures that ensure board members have relevant knowledge of (and perhaps expertise on) the latest advancements in technology, and implement structures that facilitate board members' fulfillment of their fiduciary duties with respect to technology and innovation.

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