Page 29 - Forbes - USA (March 2020)

F O R B E S I N S I G H T S W I T H C L I F F O R D C H A N C E | PA I D P R O G R A M

Unlocking Advanced technology is changing the

way we live and work and is bringing
about unprecedented opportunities
Tech-Driven and risks for businesses.

Growth: To gauge how executives are responding, PG 27
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Clifford Chance surveyed 300 senior
Four Strategies executives worldwide. U
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The research showed that to continue to grow O
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approach to tech-driven growth. Here’s how: G

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1 Set the right pace 2 Make technology part D
V
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of your values
for your business

G
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Business leaders are using advanced Tech-driven growth is having an impact on R
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technologies without always understanding the much more than companies’ balance sheets. H
risks and consequences. To succeed, companies It is affecting how society functions and how
need to focus on the right level of collaboration, people live and work. While executives are
recognize the overall impact of advanced ` Û `i` ÛiÀ Ü ÌiV }Þ Ü yÕi Vi

technologies and focus on auditing and testing the society of the future, those who build
much more readily. Deep understanding will give ethics and social responsibility into their DNA
deep protection against future regulation. will be the long-term winners.

3 Aim for the highest 4 Develop your management

levels of compliance
teams and boards

Without a cohesive global road map for Just half of boardrooms have technology

the ethical implementation of advanced expertise around the table, and only half of
technologies, executives face uncertainty. Some companies have in-house capabilities to deal
jurisdictions have put into effect more stringent with the legal and ethical aspects of tech-driven

or progressive regulations than others, and some growth. Boardrooms and management teams
companies have grown due to lax regulations. need to focus on increasing the tech expertise
In the future, companies need to aim for the and capabilities in the room, bringing in new

highest levels of compliance. They should see perspectives and testing “groupthink.”
this as a global risk, not just a country risk.

>> Learn more by visiting www.cliffordchance.com/forbes

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