• • • • • • • • • • • • • •
Rolling intro Ad Kroft Carole Beelen INSEIT Jos Streppel Ben Verwaayen Marc Schuuring Frans Haverkamp & Hans Folmer Joost Visser Willem Jonker Menno van Leeuwen David Majtlis & Rino Schreuder Wijnand Nuijts Fred van Eenennaam
Nationale Vergadering Versterken Toezicht op IT & Innovatie
Ad Kroft founder
Nationale Vergadering Versterken Toezicht op IT & Innovatie 9 oktober 2013
Carole Beelen Tripadvisor
Nationale Vergadering Versterken Toezicht op IT & Innovatie 9 oktober 2013
Jos Streppel Voorzitter monitoringscommissie corporate governance
Nationale Vergadering Versterken Toezicht op IT & Innovatie 9 oktober 2013
Ben Verwaayen Revolutie in de boardroom ?
Nationale Vergadering Versterken Toezicht op IT & Innovatie 9 oktober 2013
Marc Schuuring Een nieuw verdienmodel voor Nederland
Nationale Vergadering Versterken Toezicht op IT & Innovatie 9 oktober 2013
IT als Drijver van Disruptieve Verdienmodellen in Reële Sectoren Nationale Vergadering Versterken Toezicht op IT en Innovatie 9 oktober 2013
Een aardverschuiving in het bedrijfsleven 5 grootschalige IT en Technologie gedreven veranderingen van bedrijfsverdienmodellen
Van de huidige sectorenmix naar een substantieel deel in andere sectoren Van product óf dienst naar exporteerbare, gecombineerde product/diensten Copyright © 2012 by The Boston Consulting Group, Inc. All rights reserved.
Van lokale tienkamper naar wereldwijde nichespeler Van langdurige marktleider naar 'flitsbedrijf' Van waardeketencontrole naar waardeketenregie
Niet straks, maar nu Perspectieven-PresentatieMarc-2Oct2013-TSt-Ams (final presentation).pptx
Draft—for discussion only
10
Het aantal patenten per jaar groeit exponentieel x1000
1,000 909
+76%
800
631 600
407
516 Copyright © 2012 by The Boston Consulting Group, Inc. All rights reserved.
+27%
429
400
200
0 199 0
199 5
200 0
200 5
201 0
bevolkingsgroei, stijgende emancipatiegraad en toenemende toegang tot tertiair onderwijs 1.Full-scale adoption is when the invention is used on a large scale for production of (intermediate) goods or services Average between all relevant countries Source: Comin & Hobijn, 2008, An Exploration of Technology Diffusion, Perspectieven-PresentatieMarc-2Oct2013-TSt-Ams (final presentation).pptx
Draft—for discussion only
11
De maatschappij past technologie steeds sneller toe Gemiddelde duur tussen uitvinding en volledige uitrol in aantallen jaren 120
Steam- and motorships
100
Railways
60
Telegraph
Telephone
Copyright © 2012 by The Boston Consulting Group, Inc. All rights reserved.
80
Electricity Cars
40
Aviation
20
Blast Oxygen Steel PC MRIs 0
1800
1850
1900
1950
Facebbook What’s app Internet 2000
2050
Jaar van uitvinding
Perspectieven-PresentatieMarc-2Oct2013-TSt-Ams (final presentation).pptx
Draft—for discussion only
12
De maatschappij past technologie steeds sneller toe Gemiddelde duur tussen uitvinding en volledige uitrol in aantallen jaren 120
Steam- and motorships
100
Railways
60
Telegraph
Telephone
Copyright © 2012 by The Boston Consulting Group, Inc. All rights reserved.
80
Electricity Cars
40
Aviation
20
Blast Oxygen Steel PC MRIs 0
1800
1850
1900
1950
Facebbook What’s app Internet 2000
2050
Jaar van uitvinding
Perspectieven-PresentatieMarc-2Oct2013-TSt-Ams (final presentation).pptx
Draft—for discussion only
13
Bestaande verdienmodellen toenemend onder druk
Kans dat grootste onderneming in haar sector ook de meest winstgevende is 1 90%
80%
70%
Copyright © 2012 by The Boston Consulting Group, Inc. All rights reserved.
60%
50%
40%
30%
20% 195 0
196 0
197 0
198 0
199 0
200 0
200 9
1. Sales versus operating margin. Weighted average over all public US and Canadian companies in 69 industries Source: BCG analysis Perspectieven-PresentatieMarc-2Oct2013-TSt-Ams (final presentation).pptx
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14
Bestaande verdienmodellen toenemend onder druk
Kans dat grootste onderneming in haar sector ook de meest winstgevende is 1 90%
80%
70%
Copyright © 2012 by The Boston Consulting Group, Inc. All rights reserved.
60%
50%
40%
30%
20% 195 0
196 0
197 0
198 0
199 0
200 0
200 9
1. Sales versus operating margin. Weighted average over all public US and Canadian companies in 69 industries Source: BCG analysis Perspectieven-PresentatieMarc-2Oct2013-TSt-Ams (final presentation).pptx
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15
Markleiderschap duurt steeds korter
% van onderzochte bedrijven dat in betreffende jaar top 3 positie verloor 20
Copyright © 2012 by The Boston Consulting Group, Inc. All rights reserved.
15
10
5
0 1960s
1970s
Perspectieven-PresentatieMarc-2Oct2013-TSt-Ams (final presentation).pptx
1980s
1990s
2000s
Draft—for discussion only
16
Markleiderschap duurt steeds korter
% van onderzochte bedrijven dat in betreffende jaar top 3 positie verloor 20
? Copyright © 2012 by The Boston Consulting Group, Inc. All rights reserved.
15
10
5
0 1960s
1970s
Perspectieven-PresentatieMarc-2Oct2013-TSt-Ams (final presentation).pptx
1980s
1990s
2000s
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17
Markleiderschap duurt steeds korter
% van onderzochte bedrijven dat in betreffende jaar top 3 positie verloor 20
? Copyright © 2012 by The Boston Consulting Group, Inc. All rights reserved.
15
10
5
0 1960s
1970s
Perspectieven-PresentatieMarc-2Oct2013-TSt-Ams (final presentation).pptx
1980s
1990s
2000s
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18
Drie nieuwe technologiegedreven verdienmodellen Directe concurrent
Indirecte concurrent
Copyright © 2012 by The Boston Consulting Group, Inc. All rights reserved.
New kid on the block
Perspectieven-PresentatieMarc-2Oct2013-TSt-Ams (final presentation).pptx
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19
Drie nieuwe technologiegedreven verdienmodellen Directe concurrent
Indirecte concurrent
Copyright © 2012 by The Boston Consulting Group, Inc. All rights reserved.
New kid on the block
Perspectieven-PresentatieMarc-2Oct2013-TSt-Ams (final presentation).pptx
Draft—for discussion only
20
Drie nieuwe technologiegedreven verdienmodellen Directe concurrent
Indirecte concurrent
Copyright © 2012 by The Boston Consulting Group, Inc. All rights reserved.
New kid on the block
Perspectieven-PresentatieMarc-2Oct2013-TSt-Ams (final presentation).pptx
Draft—for discussion only
21
Drie nieuwe technologiegedreven verdienmodellen Directe concurrent
Indirecte concurrent
Copyright © 2012 by The Boston Consulting Group, Inc. All rights reserved.
New kid on the block
Perspectieven-PresentatieMarc-2Oct2013-TSt-Ams (final presentation).pptx
Draft—for discussion only
22
Voorbeeld van wereldwijde niche speler: Metropolitan Opera
Historie • Opgericht in 1880, geopend in 1883 • 1966: Huidig gebouw opent, 3800 plaatsen
Technologie inzet • 1931: Radio • 1948: experimenteert met televisie • 1977: Reguliere Televisie uitzendingen • 2000: Internet site
Perspectieven-PresentatieMarc-2Oct2013-TSt-Ams (final presentation).pptx
2006 e.v. – Live Opera wereldwijd
Copyright © 2012 by The Boston Consulting Group, Inc. All rights reserved.
1883-2006
Technologie bereikt een wereldwijd publiek • HD streaming video • In lokale bioscopen – surround sound • Unieke beleving – beter zicht dan in New York
"Live" vormt nu 10% van totale omzet • 43 landen • 2.4 miljoen kaartjes • vb. Nederlandse tickets €35 • 33% groei van 2010-2011 • Nauwelijks distributie kosten Draft—for discussion only
23
Toenemend risico op IT gedreven aardverschuivingen heeft implicaties voor bestuurders
Implicaties voor bestuurders (RvB / RvC) • Mogelijke implicaties van early stage technologieën begrijpen / laten informeren
Copyright © 2012 by The Boston Consulting Group, Inc. All rights reserved.
• Early warning systeem inrichten voor technologische aardverschuivingen • Bedrijven strakker sturen op 'technologisch vooruitkijken' – Samenstelling management teams – Interne venture capital budgetten – Beloningsbeleid • Directieteam breder samenstellen (niet alleen targethitters maar ook creativiteit / brede oriëntatie) IT is veel strategischer geworden dan alleen automatisering van processen met risico op budget-overruns Perspectieven-PresentatieMarc-2Oct2013-TSt-Ams (final presentation).pptx
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24
Het risico op discontinuïteit heeft ook implicaties voor toezichthouders
Implicaties voor toezichthouders • Frequenter en grondiger relevante markt herdefiniëren • Reguleringskaders sneller aanpassen aan nieuwe techniek Copyright © 2012 by The Boston Consulting Group, Inc. All rights reserved.
• Maximale ruimte creëren voor 'creatieve destructie' (bv mededingingsbeleid) • Tijdig kennis nemen van early stage techniek (ook als relevantie voor betreffende sector nog niet evident is) • Toezien op bredere expertise en vaardigheden in directieteams (bv technische kennis)
Bedrijfscontinuïteit staat of valt met tijdige verandering Perspectieven-PresentatieMarc-2Oct2013-TSt-Ams (final presentation).pptx
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25
Frans Haverkamp & Hans Folmer Wat te doen met de oude IT ?
Nationale Vergadering Versterken Toezicht op IT & Innovatie 9 oktober 2013
Versterking Toezicht op Innovatie en Technologie
Wat te doen met de oude IT Molensteen of ……..? 3 Stellingen Frans Haverkamp, Commissaris en lid RvT div. organisaties Hans Folmer Amsterdam, 9 oktober 2013
Versterking Toezicht op Innovatie en Technologie
Stelling 1 Legacy; daar moet je zo snel mogelijk vanaf
Versterking Toezicht op Innovatie en Technologie
Stelling 2 Beheersbare verandertrajecten bestaan niet
Versterking Toezicht op Innovatie en Technologie
Stelling 3 Security is iets voor specialisten
Versterking Toezicht op Innovatie en Technologie
Stelling 1 back-up Legacy; daar moet je zo snel mogelijk vanaf • Business appl; decompliceer, onderzoek levensduurverlenging vs vervanging, standaardiseer waar mogelijk • Ondersteunende appl; standaardiseer 100%
Versterking Toezicht op Innovatie en Technologie
Stelling 2 back-up Beheersbare verandertrajecten bestaan niet • Kortcyclisch ontwerpen-bouwen-testeninvoeren-evalueren
• Bevries scope per fase; weersta alle drukvormen • Series van kleine successen; menselijke maat • Governance; portfoliomanagement, releasekalender
Versterking Toezicht op Innovatie en Technologie
Stelling 3 back-up Security is iets voor specialisten • Falende security, grootste bedreiging voor business continuity • Periodiek assessment management letter • Responsible disclosure • Risk Letters Leveranciers • HW-SW componenten out-of-support? • Compliancy Leveranciers aan webrichtlijnen en richtlijnen secure software development
Joost Visser Steek een vork in die hete aardappel
Nationale Vergadering Versterken Toezicht op IT & Innovatie 9 oktober 2013
Put a fork in that hot potato Measurement-based Supervision on IT Joost Visser, Head of Research, Software Improvement Group Professor of Large Scale Software Systems, Radboud University Nijmegen October 2013
T +31 20 314 0950
[email protected] www.sig.eu
A Claim
36 I 8
Enterprise continuity requires being fully in control of IT Enterprise
Enterprise
IT IT
Past © Software Improvement Group
Present
Why does IT get insufficient attention?
37 I 8
Executive and supervisory boards give IT insufficient attention • IT is seen as a drag, necessary evil. • IT people talk gibberish. No shared vocabulary. • Technology = low-level details. • IT is a “hot potato”. Not a popular topic for board members. • Interested in future trends and opportunities. • Not interested in obstacles posed by as-is situation. • Interested in “I” not “T”.
Some symptoms • Projects: excessive time-to-market of innovations • M&A: synergies are not obtained due to integration problems © Software Improvement Group
Information Technology
Proposal: Measurement-based supervision on IT
38 I 8
Goal • Put IT squarely on the agenda of the board. • Accountability towards shareholders and oversight bodies.
Constraints • Should NOT just be based on documentation, process conformity. • Should be based on measurement of the IT portfolio.
© Software Improvement Group
Measurement instruments are available Software quality following ISO 25010
Usability Sustainability
Maintainability
Compatibility
39 I 8
Cost level Rate of change
Security
C onfidentiality I ntegrity A vailability
Energy Efficiency
Performance Efficiency
Reliability
Scalability
Functional Suitability
© Software Improvement Group
Product Quality ISO 25010
Portability
Mapping measurements onto the IT landscape Quality, Cost, Utility
Transaction 'New Customer': Allocated IT-costs: € 5,3 M Number of transactions: 278.600
in 5 years € 8,6 M 448.600
IT Costs / transaction: € 19,Maintainability: Reliability: Performance: Security:
Finance
Shared services
Scope APA Total costs: € 7,6 M
Scope APA Total costs: € 7,9 M
HI I I HI I I HHHI HI I I
40 I 8
€ 24,I I I I
: 22 FTE : 97,5% availability : page load time < 0,7 sec : 19 security incidents
Development & Operations Scope APA Total costs: € 10,6 M
Sales Scope APA Total costs:
System: CW-reg Costs: € 0,4 M Volume: 670 bFP
System: Alfa Debt Costs: € 0,7 M
System: SYS40TOPEU Costs: € 0,3 M
System: Cloudportal Costs: € 1,2 M
Volume: 350 bFP
Volume: 3120 bFP
Maintainability: Reliability: Perform ance: Security:
Volume: 550 bFP System: Products Costs: € 0,2 M
System: STILPA Costs: € 0,8 M
System: R-Serv Costs: € 0,3 M
Volume: 985 bFP
Volume: 410 bFP
System: Local-reg Costs: € 0,6 M
Volume: 7830 bFP
Volume: 940 bFP System: Supp-Del Costs: € 0,3 M System: E-fac Costs: € 0,6 M
Volume: 4520 bFP System: TEN-SOP Costs: € 0,9 M System: GGTI-2 Costs: € 0,8 M
HHHI I HHHI I HHHHI HHHI I
System: GAS Costs: € 2,3 M
Volume: 220 bFP
System: MO-use Costs: € 4,4 M
€ 3,8 M
System: CRM Costs: € 1,6 M Volume: 3210 bFP
100%
Volume: 780 bFP
Volume: 1120 bFP
System: E-fac Costs: € 0,6 M Volume: 1590 bFP Maintainability: Reliability: Perform ance: Security:
HHHI HHI I HHHI HI I I
Volume: 700 bFP
I I I I
System: SAP-FiCo Costs: € 0,9 M
Volume: 1240 bFP
22% System: CIS Costs: € 3,4 M System: PKR Costs: € 1,4 M Volume: 2400 bFP Maintainability: Reliability: Perform ance: Security:
HHHI I HI I I I HHHHI HHI I I
35%
© Software Improvement Group
Volume: 990 bFP
Volume: 2980 bFP
System: SKG Costs: € 0,3 M Volume: 1130 bFP
System: SAP-HR Costs: € 0,4 M Volume: 270 bFP
System: ASP-POG Costs: € 6,8 M Volume: 8270 bFP Maintainability: Reliability: Perform ance: Security:
HI I I I HI I I I HHHHI HI I I I
System: BAK-GK Costs: € 0,2 M System: NAL Costs: € 0,5 M Volume: 730 bFP
?%
100%
Maintainability: Reliability: Perform ance: Security:
HHHI HHHI HHHI HI I I
Volume: 280 bFP
I I I I
Control. Demonstrably.
41 I 8
Measurement
Analysis
Roadmap
What is the current status?
What are the major risks?
What steps are planned?
Application landscape Quality measurements Cost attribution Utility attribution
Risk identification Scenario simulation Effect calculation Decision support Retain / Renovate / Replace
© Software Improvement Group
Actions on timeline Progress controls Definitions of “done”
What should you remember?
42 I 8
Enterprise IT needs your undivided attention • Hot potato or not
Effective instruments are available • Objective measurement of quality, cost, utility, mapped onto IT landscape • Risk assessment, roadmap, monitoring
You can learn to master these instruments • Cut through jargon • Understand the interplay between innovation and legacy • Let common sense trump trends and hypes Prof. dr. ir. Joost Visser
[email protected] www.sig.eu +31 20 314 0950 © Software Improvement Group
www.cs.ru.nl/J.Visser/
Willem Jonker Innovatietacktieken in de 21e eeuw
Nationale Vergadering Versterken Toezicht op IT & Innovatie 9 oktober 2013
EIT ICT Labs Driving European leadership in ICT innovation for economic growth and quality of life
•
Educate and Innovate to bring ICT Innovations to Life Drive European leadership in ICT innovation for economic growth and quality of life
• Full integration of Education, Research and Business Development to speed up ICT innovation in Europe • From idea to product, from lab to market and from student to entrepreneur
A European ecosystem connecting and strengthening ICT Hot Spots Berlin
Eindhoven
Helsinki
Paris
Stockholm
Trento
Empowering ICT Top Talents for the Future • Master School – A pan-European 2 year Master programme in ICT innovation and Entrepreneurship – 19 top-universities to establish a joint innovative programme of seven tracks and an integrated I&E module
•
Doctoral Program in ICT – Doctoral School operating in Doctoral Training Centres within the co-location centres – Combines doctoral students, industrial needs and Innovation & Entrepreneurship
Bringing ICT Innovations to Life • Cyber-Physical Systems • Doctoral School • Future Cloud • Future Networking Solutions
• Future Urban Life & Mobility • Health & Wellbeing • Master School
• Privacy, Security & Trust • Smart Energy Systems • Smart Spaces
Massive Data Analytics
3D Printing
Nano Technology
Health & Wellbeing
Logistics & Production
Energy
Sensor Technology
Web Economy
ICT Innovation SWOT T Complete Digitization Agile Competition Low Entry Barriers
ICT Innovation SWOT T Complete Digitization Agile Competition Low Entry Barriers
O Cyber-Physical Augmentation ICT enabled products and services
ICT Innovation SWOT T Complete Digitization Agile Competition Low Entry Barriers
W • ICT is Support Role • ICT not seen as Strategic for Product/Service Innovation
O Cyber-Physical Augmentation ICT enabled products and services
ICT Innovation SWOT T Complete Digitization Agile Competition Low Entry Barriers
W • ICT is Support Role • ICT not seen as Strategic for Product/Service Innovation
O Cyber-Physical Augmentation ICT enabled products and services
S • Know-How to distinguish Trend from Hype • Early ICT Adaptor
Menno van Leeuwen ABN – AMRO innovation centre
Nationale Vergadering Versterken Toezicht op IT & Innovatie 9 oktober 2013
Disruptive Innovation Impacting Technologie Media Telecom Industry and Banks at the Core
Menno van Leeuwen Sector banker Technology Media & Telecom ABN AMRO
October 2013
Technology meets print industry
Technology meets music industry
Technology meets broadcasting industry
Technology meets telecom industry
Technology meets software industry
Artificial Interface Sensors Unicom Robotic Biotech Material Energy inteligen Internet Nederland s ondernemender p dat ooit: s Start up bootcamp s ce 2012
High-frequency trading
Cloud computing
Multi touch
Depth imaging
Personal gene sequencing
Tablets
Space
Additive manufacturing
2013 Inductive chargers
2014 Software agents
Cyber warfare
Gesture recognition
Near-field communication
Volumetric (3D) screens
Self-healing materials
Appliance robots
Tidal turbines
2015 Speech recognition
Flexible screen
4G
2016
2017
Pervasive video capture
Natural language interpretation
2018
2019 2020
Procedural storytelling
Fuel cells
Organ printing
Commercial spaceflight
Graphene Mesh networking
Photonics
Machine translation
Telematics
Virtual currencies 5G
Augmented Reality
4K
Haptics
Biometric sensors
Smart power meters
Biomarkers
Machine vision
Boards
Smart toys
Modular computers
Robotic surgery
Picoprojectors
Eyewearembedded screens
Self-driving vehicles
Powered exoskeleton
Bio-enhanced fuels
Synthetic blood
Smart drugs
Personal fabricators
Meta-materials
Multisegmented smart grids
Sub-orbital spaceflight
Photovoltaic Space tourism glass
How to cope with rapidly changing technology, consumer behaviour and business models?
Technology meets other industries….
Kodak focused on Chemistry to improve photo’s…
2012….
Some reinvent themselves…
IBM recognised the need for change and moved their focus from Hardware to Service
Some didn’t even know …
Auch!
YES!
The Mail Industry…. Taken by surprise by the Digital world TWICE…
Realise you are in a transition, enter new ecosystems and act more like a start-up!
Hello?!? Our world is changing too!
The format of money…
Bartering
Coins
A new form of payment has so far not caused an old form of payment to cease existing….
Virtual currencies
Notes
Cards
Will they do what no form of payment has done before?….
The way we pay…
Bartering
Physical
Plastic Mobile Online
They way we lend…
Kickstarter has raised $817million since it started in 2009…
Banks need to adjust!
Are we still looking in the right direction?
ABN AMRO Innovation Centre
Radical
Innovation Centre focus on radical innovation
4. Business as unusual
Incremental
3. Re-inventing our business
2. Making new and better things
1. Making things better (customer excellence)
Current business
New Business
2. What
Organise to experiment, test and scale
Funnel
Just like a start-up
Challenge your board of directors
Who is your ‘whatsapp’, are you in the innovation eco-system, lean, do you test and learn and are you tech savy?
David Majtlis & Rino Schreuder Zicht op de CIO vanuit de board
Nationale Vergadering Versterken Toezicht op IT & Innovatie 9 oktober 2013
Rino Schreuder EMD Centre executive education • uitgever • expert • toezichthouder
business & ICT
KELLOG School of management Advanced Executive Programme (20 d.) • Finance & Accounting • Marketing • Operations and IT
HARVARD Business School (56 d.) Advanced Management Programme “IT”, “ICT” & “technology” komt niet voor Ashridge, Nyenrode – alleen INSEAD
IT for managers MIT Essential IT for non-IT executives Chicago Technology Strategy for executives Management for IT Saïd – Oxford Leadership for IT executives Stanford Leadership and Innovation for CIOs
NL Governance programma’s Deloitte - Leergang Bestuurders & Commissarissen (dag 2 - IT Strategie) Nyenrode - Commissarissen Cyclus - New Board Programme Erasmus - twee Programma’s voor (aspirant) Commissarissen en Toezichthouders
McKinsey Quarterly, juni 2013 - http://bit.ly/19qoWab
• • • • • • • • •
basis of competition in our industry customers’ expecation in digital world ICT and performance improvement ICT investments & opportunities/threats ICT and strategic agility & alignment ICT and decision making processes C-level ICT accountability what is our ICT-story how ICT-savvy is Board (Chairman)
Wijnand Nuijts DNB
Nationale Vergadering Versterken Toezicht op IT & Innovatie 9 oktober 2013
Nationale vergadering Versterken Toezicht op IT & Innovatie Wijnand Nuijts Hoofd Expertisecentrum Cultuur, Organisatie & Integriteit De Nederlandsche Bank 9 October, 2013
Frameworks According to Corporate Governance Code, supervisory boards need to focus on: •
Achievement of company’s objective
•
Strategy & risks
•
Information and communication technology (audit committee)
Furthermore, SB needs to make profile, including desired expertise taking into account nature and activities of the company FRC Guidance on Board Effectiveness: “Appointing directors who are able to make a positive contribution is one of the key elements of board effectiveness. Directors will be more likely to make good decisions and maximise the opportunities for the company’s success in the longer term if the right skill sets are present in the boardroom. This includes the appropriate range and balance of skills, experience, knowledge and independence. Non‐executive directors should possess critical skills of value to the board and relevant to the challenges facing the company.” DNB
101
Expectations DNB DNB
Financial solidity
Controlled and sound organisation −
IT systems => crucial for safe and sound operation of financial institutions
•
Suitability => expertise + competence
•
Supervision on culture & behaviour
Board effectiveness
Decision making – crucial role of challenge
Organize constructive challenge • Key aspects determining success or failure of company
• Proactively obtain information • Composition: all relevant expertise on board DNB
102
Importance of challenge Example: RBS decision to take over ABN AMRO (www.fsa.gov.uk) “However, despite this adherence to formal process, it is now clear that the outcomes of the RBS Board’s decision-making in respect of the ABN AMRO acquisition were dramatically negative. [ ] with hindsight, that there was an element of ‘group-think’ in the Board’s decision [ ] the Review Team concluded that judgement was not characterised by the degree of moderation and sensitivity to strategic risk appropriate to a bank. With so much at stake, there was a critical need for more fundamental probing, questioning and challenge by the Board.”
• IT is strategic in terms of: • future success of financial institutions • safe and sound operations of financial institutions • financial implications of IT failures
• Is there “groupthink” within Dutch SB’s with respect to perceived relevance of IT and whether or not it is a key topic for challenge?
DNB
103
Fred van Eenennaam De commissaris en waarde creatie
Nationale Vergadering Versterken Toezicht op IT & Innovatie 9 oktober 2013
De commissaris en waarde creatie Inleiders
Courses and programs: •‘Maximize Your Board’s Potential’ at Harvard, Cambridge October 6-9, 2014
• ‘Maximize Your Board’s Potential’ European Edition June 4-7, 2013 • Boardroom Dynamics & Boardroom Evaluations • Scientific Director and teacher in The New CFO Executive Program of Erasmus University Rotterdam
Prof. Dr. Fred van Eenennaam Erasmus Universiteit, George Washington University, St. Gallen Universität, The Decision Group, IESE Business School, previously Nyenrode, VU Amsterdam
• The latest, best and most impressive Harvard cases in the Strategy & Governance Excellence series – next workshop “Boardroom Dynamics” 6 November 2013 • Inhouse trainings of AVVM, “Academie voor Verenigingsmanagement” • ASRE • Developed and lead successful programs on Corporate Governance and Strategy for Nyenrode and NCD. An overview of the programs: •NCD Nyenrode Commissarissen Cyclus •New Board Program
106
Versterken op Toezicht IT | 9 oktober 2013 | proprietary & confidential
Why is ICT a difficult topic in boards?
I. What sort of ICT do we mean in connection to our business goals and risks? II. The bias of past experience – we all have heard off or suffered from ICT projects that were late, over budget, and had under delivery problems III. It is one of the many operational/functional areas we need to oversee. No single committee can oversee this. IV. Innovation, product and process technology, operational and technological insights and frameworks are not widespread in boards V. The prove ‘it’ to me fallacy Sample n = 11 107
Versterken op Toezicht IT | 9 oktober 2013 | proprietary & confidential
Some international practices The Do’s of ICT in the boardroom
1. Define your technologic position and outlook for your business and cluster 2. Make ICT a systematic agenda item, or even a committee (strategy and governance, or technology) 3. Let independents organize a board retreat, and bring along outside experts 4. Combine different forms of content based input from outside experts within the decision and implementation processes
5. Take a deep dive into the topic and fit this into the board calendar 6. Challenge on what competitors are doing well, if location is accurate and participation in knowledge hubs. 7. Develop explicit policies on (semi) open innovation (board participation)
108
Versterken op Toezicht IT | 9 oktober 2013 | proprietary & confidential
Thank you for your attention
Contact p: +31(0)346-574942 | e:
[email protected] | www.thedecisiongro
109
Ad Kroft Willem Korteweg Peter Hagendoorn INSEIT
Nationale Vergadering Versterken Toezicht op IT & Innovatie 9 oktober 2013
Willem Korteweg : Summary .. ========================================= Toezicht – IT & Innovatie “Ingredienten voor een Clubsandwich “ Toezicht (Waarom) * Big Picture - IT vandaag – IT Binnen meten – vernieuwen – beveiligen - IT Morgen – IT Buiten Innoveren – Innoveren – Innoveren * Staf & Stuur Toezicht (Hoe) * Behapbaar of een prikker nodig ?“ Nationale Vergadering Versterken Toezicht op IT & Innovatie 9 oktober 2013
INSEIT ========================================= Instituut Supervisie op Enterprise IT & Innovatie Uniek perspectief : Toezicht op IT & Innovatie. Kwaliteitborgend : Informatievoorziening , Kennisopbouw, Accreditatie en Registratie Convergerend en Verbindend: ALLE stakeholders & sectoren, (Inter)nationaal, Netwerk, Cooperatie met staande verenigingen Professioneel : Onafhankelijk, Top Theorie & Praktijk, Maatwerk, Direct Begrensd in tijd Nationale Vergadering Versterken Toezicht op IT & Innovatie 9 oktober 2013