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IESE, the business school of the University of Navarra, is one of the world's top ten business schools and has pioneered business education in Europe since its founding in 1958 in Barcelona. IESE distinguishes itself in its general-management approach, ex ... more
China Europe International Business School
LID Publishing Inc
Member of the Board and Chairman
Visiting Comité of the Harvard Business School
International Institute for Strategic Procurement Management
Chairman of Academic Committee, Shanghai Municipal Government
Advisory Council R+D+4i Project Euro-Action Group Association
DiamondCluster International , Inc.
Mechanical & Electrical Engineering
Industrial Engineering and Quantity Surveying
Universidad Politécnica de Barcelona
human resources management
London School of Economics
The 2020 Board - LID PublishingLID Publishing
Naturhouse | Board of Directors
IESE Insight Winds of Change for the Board of Directors
Trends for 2020
The winds of change are powered by technological advancements, and particularly digitalization, as well as by the globalization of enterprises and the internationalization of business.
The aftereffects of the crisis that began in 2008 have also been significant drivers of change in recent years.
A board's primary objective remains the same as ever, says Nueno: its members should aim "to oversee the company as a whole so as to guide it toward sustained long-term value creation.
But as times change, boards must be able to adapt quickly.
Many companies have already begun to examine the composition, dynamics and operations of their boards.
With some of these early findings in mind, Nueno predicts the trends that will emerge in the near future, illustrating them with some real cases:
Fewer, better prepared board members.
The average board will have eight to nine members, and there will be higher expectations for their preparation.
Directors will be expected to have a solid understanding not only of the company, but also of the industry and market it operates in.
They should also, Nueno asserts, have an "innovative and entrepreneurial mindset," and be prepared to stay current in times of digital transformation and disruptive technology.
The ratio of women will increase, foreseeably to one third of the board's members.
Currently, 23 percent of board members in Europe and the United States are women.
However the percentage of women who attend MBA programs is now at 30 percent... and rising.
Internationalization of the board.
Globalized companies require board members with international experience.
"An effective director should feel at ease in the face of international challenges and be able to guide and encourage the company to take the global stage" Nueno writes.
There will be more legislation governing business processes, particularly those related to the operation, accountability and transparency of the board of directors.
Competency and professionalism will be minimum requirements; future boards of directors also need to be armed with a strong sense of ethics and responsibility.
The End of Confidentiality
One of the book's recurring themes is that "in the digital world there is no such thing as confidentiality.
Prof. Nueno warns that "something that has been purportedly treated in confidence might be found, 30 minutes later, on social media, generating comments and debate.
TI Automotive Ltd
Briggs & Veselka Co.
Advance Medical, Inc.