THE CORPORATE-BOARD AND THE CHALLENGE OF TECHNOLOGY

This paper explores the changing nature of corporate governance, as ma nifested in board room activities, and the challenges posed by managem ent of technology (MOT). Due diligence, requires that boards consider a number of initiatives to equip themselves for their involvement in M OT. Corporate boards should insist on adequate information on the chan ging technological landscape. They should ask for briefings in this ar ea just as they require briefings on economics, social change, politic s and so on. Next, they should consider specific steps to enhance thei r technological literacy. In this respect an in-company training cours e in the comprehensive theory of technology is suggested. Finally corp orate boards should set up explicit procedures spelling out how to uti lize their technological insight when they become involved in the stra tegy formation process.