Which thinker has emerged over the last two years with the potential to change the world of theory and practice? The answer to this question posed by Thinkers50 is Lucy P. Marcus, the Anglo-American board chair and non-executive director who challenges conventional wisdom both inside and out of the boardroom.
9 Dec EVENT: Future proofing the board was the topic of a dynamic debate hosted by IE Business School in London last Tuesday night. IE Dean Santiago Iñiguez de Onzoño used the opening line of Dickens’ A Tale of Two Cities to aptly set the scene “It was the best of times, it was the worst of times”.
Chaired by Professor Lucy Marcus, IE brought together a panel of opinion leaders to discuss the evolving role of the board and how boardroom agendas must adapt to our changing times.
Professor Marcus opened the discussion with reference to her belief that the role of modern corporate boards is the juxtaposition of traditional roles and strategic ‘stargazing’. Traditionally boards focus on finance, corporate governance, compliance, corporate risk, etc. Stargazing is where a board focuses on the organization’s strategy - is it robust, resilient and, as the panel put it, capable of responding to Donald Rumsfeld’s “known and unknown unknowns”?