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2020 Directors’ Alert

Reimagining governance and oversight amid digital disruption

Digital transformation brings about new strategic, ethical, cultural, reputational, reporting, talent, and conduct risks, to name just a few. With these come a burst of opportunities and challenges. How can the board and the organization that they oversee innovate to embrace the benefits and mitigate the risks associated with digital disruption? Find out in this edition of Directors’ Alert.

Explore this year's emerging areas of focus for boards

While we focus on the disruptive forces that cognitive technologies and intelligent automation have unleashed within the business environment in our 2020 Directors’ Alert, it would be a mistake to see this primarily as a technology issue. It’s bigger than that. It goes beyond the organization to impact not only each and every stakeholder, but the entire marketplace, society, and global community.

This edition challenges boards to stretch their imagination and consider ways in which their organization is using digital and cognitive technologies, and assess whether risks have been assessed and mitigated—and that all opportunities have been seized.

This edition of the Alert features viewpoints of three independent non-executive directors and Deloitte business leaders from across the globe on:

  • Rethinking risk governance around intelligent automation
  • Reassessing culture, conduct, and reputation in the digital age
  • Redefining financial reporting and audits

Reimagine—foresight around digital disruption begins with the board.

A unique perspective

Look before leaping (into the future)

"As the ultimate overseers of the organization, the board must be aware of the potential for cognitive technologies to disrupt culture, shape conduct, and affect reputation."

Can IoT enable continuous auditing?

"Both external and internal auditors will need additional skills and expertise. The audit committee should keep abreast of these needs and how they are being met, as part of their oversight duties"

Key contacts

Jonathan Goodman - Deloitte Canada
Jonathan Goodman Global Managing Partner, Monitor Deloitte
Albert Baker - Deloitte Canada
Prashant Masand National Governance, ERM and Public Sector Internal Audit Leader