The board of directors' primary responsibility is to protect the assets of shareholders, trying to ensure they receive a strong return on their investments. In some cases, directors include venture capitalists or angel investors who have invested in a technology business. In others, directors are selected from outside the IT industry, perhaps because of their connections or success in complementary businesses. A board of directors can be a big asset. After all, the board gives a business the opp
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Former Intel CEO and chairman Craig Barrett may no longer spend his days overseeing the direction of the world's largest chipmaker, but that doesn't mean he avoids meetings or conference rooms. Barrett was elected to Intel's board in 1992 and resigned as chairman in 2009, leaving a legacy in a fast-moving industry. Until June 2009, he was chairman of the United Nations Global Alliance for Information and Communication Technologies and Development, which works to bring computers and other technology to developing parts of the world.
Barrett continues to co-chair Achieve Inc., is vice chairman of the National Forest Foundation and Science Foundation Arizona, president and chairman of the BASIS Schools' board, and a member of the board of K12 Inc., Society for Science and the Public, Dossia and Grameen Intel Social Business. In addition, Barrett serves on the advisory board of the Peter G. Peterson Foundation, the Arizona Commerce Authority Board, the faculty of Thunderbird School of Global Management, and is Honorary Chairman of the Irish Technology Leadership Group.
At least two governments have tapped Barrett for guidance: The Russian Federation's president named Barrett as the international co-chairman of the board of the Fund for Development of the Center for Elaboration and Commercialization of New Technologies, and Barrett chairs the president's STEM initiative, now known as Change The Equation.
The Business of Going DigitalDigital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age. It's about bringing big data analytics, mobile, social, marketing automation, cloud computing, and the app economy together to launch new products and services. We're seeing new titles in this digital revolution, new responsibilities, new business models, and major shifts in technology spending.