Enterprise Business Technology Governance: A Validation of Three Technology-Governance Competencies for Boards of Directors
Valentine, Elizabeth; Stewart, Glenn; Shiang-Yen, Tan
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The competent leadership and governance of digital transformation needs to involve the board of directors. The reported lack of such capability in boards is becoming a pressing issue. Underpinning leadership in such transformation are the competencies to effectively govern Enterprise Business Technology (EBTG). In this paper we take the position that EBTG competencies are essential in boards because competent enterprise business technology governance has been shown to contribute to increased revenue, profit, and returns. We report the industry validation processes of a set of three board-of-director competencies needed for effective EBTG related to strategy and planning; investment and risk; and, innovation and value creation. We conclude that gaps in board EBTG competence remain.