article thumbnail

Innovation Should Be a Top Priority for Boards. So Why Isn’t It?

Harvard Business Review

In contrast, 70% of respondents think their boards have effective processes for staying current on the company; 69% for compliance; 66% for financial planning; and 55% for risk management — although we should note that managing risks is a crucial consideration when pursuing innovation.

article thumbnail

Joining Boards: It's Not Just Who You Know That Matters

Harvard Business Review

The industry with the greatest skills gap was IT & telecommunications, whose boards are in serious need of international-global expertise and HR-talent management. The region with the greatest board-level skills gap is Asia, where risk management and M&A adeptness are sorely needed.

article thumbnail

7 Charts Show How Political Affiliation Shapes U.S. Boards

Harvard Business Review

Meanwhile, Democrats place greater importance on technology expertise and risk management. It’s important to note that the representation of Democrats on risk committees is disproportionately high. pharmaceuticals, biotechnology & life sciences, health care equipment and services); Industrials (e.g.,