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Fundación Bertran Chair Professor for Entrepreneurial Initiative
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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
Naturhouse | Board of Directors
Pedro Nueno is a Director of Naturhouse Group.
He is also Fundación Bertran Chair Professor for Entrepreneurial Initiative at IESE and Chengwei Ventures Chair Professor of Entrepreneurship at CEIBS (China Europe International Business School), as well as being Chairman of CEIBS in Shanghai with a branch in Ghana. He is founder (2000) and was Chairman of FINAVES (until 2010), a venture capital firm linked to the Fundación Bertrán Chair for Entrepreneurial Initiative at IESE, which promotes innovative companies. He has received the following awards and distinctions: Encomienda de Número al Mérito Civil (Spain, 2003), Creu de Sant Jordi (Catalan Regional Government, 2003), Silver and Golden Magnolia Award (Shanghai Government, 2007), Friendship Award (People's Republic of China, 2009), Outstanding Contribution Award (People's Republic of China, 2014). He has also been an Independent Director for Transportes Azkar, S.A. Pedro Nueno has a PhD in Business Administration from Harvard University and a degree in Industrial Engineering and Quantity Surveying from the Universidad Politécnica de Barcelona.
The 2020 Board - LID PublishingLID Publishing
Home / Authors / Pedro Nueno / The 2020 Board
Categories: Management, Pedro Nueno. Author: Pedro Nueno Add to Wishlist Pedro Nueno is Professor in the Department of Entrepreneurship, IESE and Professor and President of CEIBS.
Pedro Nueno is Professor in the Department of Entrepreneurship, IESE and Professor and President of CEIBS.
IESE Insight Winds of Change for the Board of Directors
This is how IESE's Pedro Nueno envisions the immediate future of boards of directors in his book, The 2020 Board, available in English as well as Spanish.
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. More women. 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. Greater responsibility. 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. When it comes to compensation, Nueno expects board members to regain some of what they lost during the lean years of the crisis. The author even offers some ballpark figures, based on recent studies, which looks at fixed payments a director might receive based on company size and committee participation. He also covers forms of variable remuneration that some companies have used to stimulate the creation of long-term value and retain their executives and board members. Nueno reviews and analyzes the changes that boards are living now, drawing from his privileged perspective with experience sitting on many boards in a number of different countries and industries and as a professor teaching tomorrow's directors.
Prof. Pedro Nueno
Professor Nueno is an industrial engineer and received his Doctorate in Business Administration from Harvard University. He is Professor in the Department of Entrepreneurship, IESE and Professor and President, CEIBS (Shanghai, Beijing).Read more