Problem 1 — The Rearview Mirror
The playbook your board is using was built for a world AI is actively rewriting.
Every board has a strategic framework — the mental models, risk tolerances, and decision criteria that have guided the company through growth, downturns, and transitions. Those frameworks were built from experience. They worked.
The problem is that AI doesn't just add a new line item to the strategic plan. It changes the conditions under which the plan was built. Market dynamics shift faster. Competitive advantages erode differently. The assumptions about how long you have to make a decision — and what information you'll have when you make it — are no longer reliable.
Most boards recognize this intellectually. Very few have updated their actual decision-making apparatus to account for it. The result is a widening gap between the world the board is governing for and the world the company is operating in.
That gap is where governance risk lives.