Powerful technologies—from edge computing to social media, from blockchain to artificial intelligence—are all generating disruption across industries and enterprises, both large and small. In fact, according to NACD data, a whopping 96 percent of directors report that technological disruption presents a risk-oversight challenge for their boards, and only 55% of directors are confident in their management team’s ability to effectively handle that risk.
Of course the flipside is that with this disruption comes opportunity. Technology is enabling new capabilities, and creating rapid leaps in performance relative to cost. How can boards “see around corners” to help their companies thrive in this era of unprecedented innovation and uncertainty? When should boards consider more strategies that lead to radical reinvention of their companies?
Join us as our accomplished panel of directors discusses how their boards have responded to this unique challenge, learning to thrive in the digital economy. The panel will address board-level questions such as:
What are the traits of an innovation-savvy board? How should the board assess its own changing capability requirements in a rapidly evolving and uncertain environment?
How should the board assess the robustness of the company’s innovation strategy and, relatedly, its digital transformation strategy?
How should the board think about resourcing the established business versus new, uncertain opportunities? And how does it calculate the ROI on new investments, understanding the cost of doing nothing or moving too slowly?
Does the company culture foster innovation and embrace failure?
Steven Hill is the global and U.S. head of Innovation at KPMG LLP, the audit, tax, and advisory firm. In these roles, he is responsible for the lifecycle of innovation that led to market strategies and investment prioritization. He also meshes the art and science of innovation to drive market relevance and sustainable growth. Hill’s close connection to market trends and growth strategies has made him a thought leader and change agent on innovation and digital transformation. He previously served in several KPMG leadership positions, including U.S. vice chair of Strategic Investments, global leader of Innovation for KPMG’s Advisory business, global leader for IT Strategy and CIO advisory services, and other major industry and geographic leadership roles.
Hill was previously a senior vice president at BearingPoint Inc. (formerly KPMG Consulting) and a member of the BearingPoint Operating Committee. Prior to BearingPoint, and under the KPMG Consulting name, he was the partner-in-charge of the Southwest Area for Consulting Services, co-leader of the Consumer and Industrial Markets Industry Line of Business, and the global leader for the World-Class Information Technology Services practice. Hill was also a founding partner of KPMG Consulting Inc. Prior to joining KPMG, he was the managing director of Strategic Planning for SHL Systemhouse. In this role, he was a contributing architect in the creation of Transformational Outsourcing. He also served as the managing director of Business Development for SHL Systemhouse Latin America. Hill also served as a manager with McKinsey & Company for five years and a consultant with American Management Systems for three years.
Anjali Joshi is vice president of Product Management at Google, where she currently works on Google’s product efforts focused on developing markets. Earlier she led the product development team for health search and worked on defining new initiatives in the health space. Previous to that, she led the product management team for Search and Image Search. With the growth in the number of people using smartphones, her team’s focus was to build new search experiences optimized for mobile devices across all geographies and languages. Prior to that role, she led product management teams for Google Maps, Infrastructure, Research, Translate, News, Finance, and Google.org. She also led the early Google efforts for Cloud services and Fiber networks.
Before joining Google, Joshi was executive vice-president of Engineering at Covad Communications, the first DSL Competitive Carrier in the United States. She was also principal member of Technical Staff at AT&T Bell Labs where she led projects to build the first large-scale high-speed data networks in the United States.
She received a master’s degree in Management Science and Engineering from Stanford University, a master’s degree in Computer Engineering from the State University of New York, and a bachelor’s degree in Electrical Engineering from IIT, Kanpur.
Joe Mandato has served as CEO of several successful operating companies, including two leveraged buyouts. The first, an ophthalmic implant company, was sold to a U.K.-based public company, and the second was a leveraged purchase from Johnson & Johnson, subsequently acquired by an NYSE company. Both transactions resulted in significant value creation for shareholders. He also advised the founders, was an active investor, and was appointed to the Board of Directors of Align Technology Inc. (NASDAQ: ALGN), developer of the Invisalign clear orthodontic appliance.
Earlier in his career, Mandato served as president and CEO of Origin Medsystems, a developer of minimally invasive surgical devices, where he also co-founded and served as CEO of Gynecare, a women’s health spin-out from Origin, which was later acquired by Johnson & Johnson. Origin was acquired by Guidant Corporation (NYSE), where Mandato served as a vice president, member of the founding management committee, and CEO of two of its five operating units. He has served as an entrepreneur-in-residence at Mayfield Fund, a venture capital firm.