#TechnologyForCompanyDirectors

[geeksfromfuture-blog]

Can Technology Change Company Directors?

Is this a question that may be asked by CEO's or by founders of tech companies when evaluating potential candidates for a position at the top level of a corporation? Can technology change company directors? In short, can a high-tech startup company get too much board room? It is hard to believe that a human resource department can run a few hundred staff in a corporation at the same time as they review a new computer program and several applications. Unfortunately, it is becoming more clear that the old practice of having one director of the board of directors is not the best approach to allocating board seats and power. As a former CEO of a Fortune 500 corporation I spent many years running an entire human resources department. And believe me, I know how important these functions are and how essential them being in place is to the success of any company. Yet I also believe there is a problem with companies and their boards that need to be rethought, and so are the directors. A major board of directors will often times fail to properly do its job. Instead of coming up with the right mix of candidates for different roles within the company, these boards often times choose people who have already been chosen by the CEO. What should be considered by a high tech startup is, can technology change a corporation? There are several signs that tech companies may want to consider and take the lead on, to determine if technology can change the way a corporation runs itself. These factors will then be used to make recommendations to a board of directors. Companies need to take this as an opportunity to invest in their board of directors in order to make sure the directors are the right individuals. There is no doubt that this investment will pay dividends in the long run. The best predictor of future performance is past performance. This is especially true if you look at a corporation that has operated for a while. A common problem in human resources departments is a tendency to hire people with less than stellar past performances and this is a major factor to consider when reviewing board members. A human resources department of a large corporation should have different workers for different functions. The CEO is the one who hire the board members, but it is the human resources department where the future of the company is determined. Just like any other industry, employees are going to leave a corporation and will bring a new set of skills with them. By properly evaluating people who are hired to work in the human resources department, you can decide which members of the board are going to perform well and which ones will not. Big Data is going to be the future of business. It is true that every computer user will have access to a personal computer. A good idea is to have a committee of employees who are actually experts in computers and their processes. Next you have to evaluate board members that you may have hired to help you run your business. Are these people actually experts in their specific area of expertise? Do they understand what is involved in running a corporation? Boards need to evaluate these experts and find out if they understand the "why" of the business that they are looking to run. The key is to find out if the individuals are going to move the business forward. This can be determined through a thorough review of the board members qualifications and a focus on their actual knowledge of the business. As the next generation of technology is developed, it is going to be important to think about how technology can change the way that businesses run themselves. If you have worked with a human resources department of a corporation recently you will realize that most of them just don't know what they are doing. So, it is time to ask, can technology change a corporation?

Will Technology Change Company Directors?

Many observers question whether or not the concept of governance can change in the future. Certainly there is much speculation, but what does that really mean? There are a number of changes that can be predicted based on what has been said today and what is to come tomorrow. Certainly new technologies will continue to change the world as they have in the past. With any new technologies, there will be much speculation about the effect of the new technology on the world and other businesses. That is why it is important for a business to recognize the importance of its Board of Directors and how it can act to protect the value of the business. One thing is clear though: the Board of Directors has a responsibility to ensure that the business is doing well. In the past, companies used to fire individual Board members. But as the Board grew in size, the ability to simply fire a Board member was hampered by the fact that there were only so many directors. Today, there are dozens of directors on a company's Board of Directors. Each has an opportunity to influence the business in a positive manner. In many cases, the Board has become the primary medium through which the business communicates with the shareholders. The number of shareholders may be limited, but the ability of the Board to take actions is unlimited. In essence, the Business Committee of the Board of Directors has become the personification of the business. In addition, they are on the Board of Directors, so they are also connected to the core of the business. At the same time, their decisions can affect the share price, earnings, and business operations. What this means is that in some ways, the business does not need individual directors, but it does need a Board of Directors. And this Boardmust act in the best interests of the business. That means that individuals who are not employees of the business must resign from the Board. An example of this would be an individual who is employed by the business but has no stake in the business. In such a case, there will be a much more difficult conversation for the individual to have with the Board. That is why it is so important for the Business Committee to be able to replace an employee who is an outsider, thereby strengthening the Board. In the past, this would be very difficult to do, because there was not always easy communication between the employees and the Board. Now, there is software available that has allowed employees to easily communicate with the Board. This includes other employees, customers, shareholders, competitors, and others. That is why the Board should be able to choose from the different approaches that are available today. In some ways, the management of the company will need to determine who is an outsider and who is not. For example, an employee might be an outsider if they did not make a profit in the last year. But, if the employee is not experiencing an income loss, they are most likely an insider. In any case, the Board will need to deal with those that do not represent the best interests of the business. Today, there are several factors to consider in what the Board is expected to deal with when dealing with new technology. Some of the factors include the policy of the Board of Directors on the application of new technology, how the company uses technology, and how those principles affect the business. Perhaps the greatest issue is that the Board of Directors has to make sure that it fully understands how the technology affects the company. For example, there might be a concern that while certain technologies will be beneficial to the business, other technologies will be detrimental. The Board needs to understand both sides of the equation so that the board can use its position to protect the interests of the business.

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[geeksfromfuture-blog]

Can Technology End Company Directors?

Does the ever-increasing use of technology at work have anything to do with the future of Company Directors? With more workers in our high-tech age of computers, telephones, cell phones, emails and everything else connected to the Internet, has that put a damper on the boardroom? In the past, directors were able to maintain their anonymity. That's all but gone. This does not mean they are now collaborating with their employees about the company. They may still maintain an office at times, but it would be up to the directors on how to manage these emails, what kind of information is sent, who is allowed to access it, when to look at it, etc. This type of freedom and flexibility is not the norm anymore. As long as a director is appointed by a shareholder or some other board member to act on their behalf, then this is okay. The question is, why have they been appointed in the first place? It seems a process where the directors are just "appointees" to someone else's agenda. At some point, one would think that by virtue of being appointed, one would be held accountable for whatever actions one took or did not take, however remote or far-fetched. Why else would a shareholder want his or her only representative on the board to run the company and oversee it? Perhaps they will want a director who will approve some actions but not others. It might be someone who wants to appoint one of their own number on the board. No matter how the board itself is constructed, having a secret, uncensored list of people may not be an ideal solution. One company director I know said, "I don't want my bosses or HR to see any of my work email, I just want to know that it isn't mine". These are a couple of different scenarios that could go into play here. Of course, sometimes an employee might also want to be excluded from the Board, even if one of their own numbers are on the board. I've seen one director says that he would also prefer to do the job from home so he can write his emails, keep in touch with his coworkers and not be sitting around, waiting for someone to email him. That's the real problem and the reason why a lot of Boards end up hiring staff in the first place, to keep their personal emails out of sight. This has been termed "staying power", so, rather than wait around for a decision to be made, they often choose to "make" the decision. But at what cost? If a company has a simple communication network, a few employees can create a precedent of what they believe is acceptable and what is not. Unless there is a very clear line drawn for every employee to follow, those two extremes, can exist and work against the good of the company. As more staff members work online, it is hard to know what information should be allowed to be kept out of view. Without clear guidelines, some employees can do what they want while others, who only communicate through mail or electronic means, think twice before sending an email that the Director has not authorized. Just because we have a digital business world, does not mean the expectations of company directors are no longer relevant. Technology continues to change and so must our expectations of what it means to lead.

Will Technology End Company Directors?

Some of the companies that were founded during the early years of World War II had one thing in common, which was that the majority of their directors were company presidents or company officers. The CEO was the only man-made entity that controlled a company, and the company's board was a crucial part of the company's operations. The CEO was the leader of the board, and the CEO is still king of that board. Will technology end with this structure? What is the future of the board? The future of the board is looking very bright. However, when you examine what happens to company directors in a CEO-less environment, you realize that it can get really strange. Consider this scenario: a director for a company proposes a term limit amendment, which would limit the time a director could serve on the board from five to four years. After that, the amendment may also restrict the number of executive directors of a company can have from four to three. Four would obviously make the board a bit smaller, but it would also mean that every director now who served four years as a director on the board would only have served for two years as an executive. In other words, it would basically become a three-year board. This amendment would basically create a system where the board was dominated by executives, and these executives now have all the power. The board now has a much smaller number of members, and the executive officers would be the directors. This would create a conflict of interest situation where the board's control over the company would be greatly diminished. How will the shareholders choose those who are on the board? Can the members, who have only served two years as board members, actually be considered to be members? What about the board'current executive officers? How will a board with no president even recognize the board's constitution? How would a business, which is run through an executive hierarchy, operate? How will board members be rewarded if they are forced to accept the way of things? How will the board be able to continue to function? Indeed, let's talk about this for a minute. One person at a time, in four-year increments, can run away with the board, and an executive, even if he's an absolute monster, is not going to be able to stop him. Will technology end with such a non-resident control of a board? Does the company actually survive? Let's look at the next generation of business. We are in the New Media Age, where people do business in so many ways that we don't even know where to begin. Consider the company I'm working with right now, Amazon.com. This company has developed a product called Kindle. It's an e-reader that basically comes with thousands of books stored in the device itself, making it almost impossible to lose the book.

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[geeksfromfuture-blog]

Can Technology Replace Company Directors?

The question that many companies have is whether or not can technology replace the role of a company director. Are there better ways to run a company than to take a company director and turn them into a computer? Yes, technology can and will change human nature. We all know that technology has changed the way we shop, the way we communicate, the way we do our jobs, and the way we live. Yes, this will cause a change in how we work. When a company becomes completely computerized, it will become very difficult to carry out a corporate function. In fact it could make things even more complicated than they are now. We don't need to use computers to find out which ones have a great gas mileage in their cars. We have found that we can find that information on the Internet. In fact, we may find that we can get the information for free. As a small business owner I am still learning how to navigate the unknowns of this new world of information. What I do know is that I will have to find the best information on the Internet for my company and not have a computer at my disposal. If you run a small business, it is likely that you will be able to sell some of your existing products or services through the use of the Internet. However, as a small business owner you will want to keep your marketing activities to a minimum. If you think that you can only use the Internet to market your product then you have missed the boat. If you have a plan to use the Internet in your company's marketing efforts then you have already thought about the needs of your customers. There are now companies that will develop products that will do your marketing for you. That is one solution. Now you don't have to worry about learning how to market a product to your customers. You can continue to do that and you can even increase the sales with the help of those programs. Some companies will utilize the Internet to do the job for them. They will create websites that will give the customers what they want to know. You have to determine what you really want to know. Can you not find that information on the Internet? It is certainly true that you need to know that information. You also need to know the importance of it. If you do not have a good reputation then you have to maintain that reputation. If you do not have good customer service and loyalty then you have to maintain that reputation. In some cases a company director can be replaced by a computer. This is really one way to cut costs. When you find that you can save money and time then it is time to look for other solutions. What the computer does it gives you more options. So will a computer replace a company director? Yes, it can and will. You have to decide what you want to get out of life. As an entrepreneur I really need to stay ahead of the game.

Will Technology Replace Company Directors?

Are you worried about the future of company directors, and do you wonder if there is a good chance that they will be replaced by technology in the near future? Then this article is for you. There are many, many significant concerns with regards to the topic of company directors, and one of the most important issues at hand is whether or not the current directors will still have a role. This is a very important question, because no matter how great your board is, it will not function if no one takes control of the situation. The problem is, there is nothing any one person can do that can change the situation. To some, this may sound like a pessimistic perspective, but I think it is the only realistic outlook that we can have. There are a number of individuals and groups out there that are trying to devise a solution to this particular task. They claim that directors need to be replaced by software, and more specifically, we can make use of an algorithmic system to do this. All I can say is that I am a firm believer in free-market capitalism, and I'm more than a little skeptical about some of the claims being made. One of the major problems with this particular task is that it is not clear that the algorithms of the future will be as good as the algorithms of today. The other problem is that there are virtually no systems out there that would guarantee that the candidates in the board will be chosen from an initial pool of candidates who will be the best for the position. For example, if your board is composed of nine people, and five of them have been on the board before, there is a fairly good chance that none of them has any real experience. This is a serious problem, because the other six could also have a lot of experience, but because of the experience with which they came into the board, they might not make the best choice for the position. As far as I can tell, this problem exists because of the problems with the rules that were created for the selection of the members of the board. If the members of the board could make their own choices, then there would be no need for this problem, because this problem would never arise. Another problem with this scenario is that it is too expensive to hire an outside group to do this job, especially for smaller boards. It is not like you could get a computer expert to analyze the existing candidate pool and choose someone who was truly the best. One of the solutions that I have suggested, which seems to work quite well, is to have three votes, and then you need to make one more vote for each new member. This still involves a fairly complex procedure, and it is certainly not something that can be done by a committee, and of course, it does not always work the way that it should. The one other approach that I have heard of, which works quite well, is to actually have the position of director is "vacant". That means that someone will have to step down, and then the next person in line will be able to serve as a director. If you really want to solve this problem, then I am sure that you have already thought of an alternative solution. Let me know what you have come up with, and I will try to tell you if it is possible to put this option into practice.

How Technology Replace Company Directors?

Will technology replace company directors in the future? Will computers take over the role of a company director? Is it possible to be a director without being at the helm of a large corporation? Can a director really have no administrative duties at all? It is true that there are now several companies that offer a new type of association. These organizations are called chambers of commerce, and they allow their members to get together and have activities for various reasons. While these types of events are quite popular and do not cost a great deal of money, there is still room for improvement. For one thing, this is a service that is paid for with membership fees, which is an expense for those that wish to use the service. Even though these clubs are considered to be free, the fact is that there are fees associated with them that can add up over time. This is why there is a need for new information. A better alternative for the future may exist. If you think about it, there is really no reason why we can't have computerized systems in place at the company that allows for the hiring of additional directors and personnel. In some companies, temporary directors who are not on the payroll may take over the office, or this person may be a member of the board. The electronic process would be the same as if a full-time director would be making decisions, except that it will be much more efficient. Think about it, from the time of an employee's decision making process until the time that they are looking to leave the company, how long would it take to get through the entire process? Therefore, if these managers are not able to do it in the same amount of time, why not use computers? With this process, the employees are also offered a career opportunity. In other words, they will not lose any of their independence. They will be able to still have a voice and a say in what is happening within the company. Now, they don't need to wait for a board meeting or other committee meeting to meet. They can be involved in the decision making process as soon as they show up. It is now possible to retain a group of members that can show their support for a given issue, or even to present evidence for a particular position. You may ask, how will it work in the field of company directors. Will it be enough to just have a pool of individuals, and then have a chairman to make the decisions? In most cases, this is the type of management structure that most people would prefer to see. However, it is not at all impossible for a current director to delegate his or her responsibilities to a member of the board. All of the computerized aspects, plus having the ability to have a full staff, will bring about efficiency in management. Of course, the best thing about it is that it will allow the current directors to stay active, while at the same time provide a means for the directors to continue their current activities. You can have a board, but without a position in the company.

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