The digital transformation that is taking place in society is reaching many areas, creating opportunities for company boards of directors to seek and promote the long-term sustainability of organizations. – either for profit, or for profit with purpose.

This is the case of Risk Governance and Compliance systems, which can now be carried out with extremely high standards of traceability, consistency, accessibility, assurance, and allow the organization to flow without the system itself being the end of the organization.

In the case of governance management, they can carry out the complete deployment of organizational governance, including responsibility maps, board meeting agendas, decisions, commitments. and, in general, the follow-up of responsibilities of different governance chains of the organization.

Risk management systems allow risk assessment and monitoring at different levels of the organization, including the organization’s record of residual risk monitors.

Some relevant elements of compliance systems, such as third party risk management – or the gatekeeper function of anti-corruption or anti-bribery programs – secure methods of reporting channels – ethical compliance hotlines or complaints – are possible to develop with digitally transformed systems that reflect best practices in the world of compliance.

Speaking of the role of the board of directors in sustainability, there are many ESG factors – environmental, social and governance – that can be carried out today through instruments that digital transformation puts at the service, such as stakeholder management, monitoring of specific programs such as diversity, energy transition or labor inclusion, monitoring of work climate or corporate reputation indicators – where various stakeholders are involved -; with the benefits of technology to put them in view on the dashboard of directors for the fulfillment of their fiduciary duties in each organization.

Of course, when we talk about digital transformation we have in mind that the risk management scheme for cyber security – and data security itself – is appropriate; and we can get the benefits of cloud services, either at the level of software as a service SaaS or backup infrastructure – and possibly paying per use not necessarily for access or availability – or even all as a service XaaS where it is possible to benefit from full software and infrastructure cloud applications without having to allocate major resources – or focus – of the organization on those aspects.