How effective boards approach technology governance

McKinsey sets out four models boards use to govern technology - full-board engagement, a standing technology committee, temporary or advisory committees, and informal director mentorship - and finds Fortune 500 firms with a tech committee posted operating margins 100-600 basis points above peers. The takeaway for boards: technology can no longer sit as a subtopic of the audit committee; it needs a deliberate engagement model matched to how central technology is to the strategy.