In his essay, Reto Jauch discusses how Boards of Directors are responding to transformation demands driven by digitalization, ESG, and changing customer needs, especially in light of the COVID-19 pandemic. He notes that while transformation is a hot topic, many companies approach it half-heartedly due to a lack of understanding of the operational shifts required. Jauch emphasizes the Board’s crucial role in championing change and fostering a culture of adaptability, highlighting the need for ongoing evaluation of Board Members’ competencies and the importance of diversity for effective decision-making. Ultimately, he asserts that addressing these transformation challenges is essential for sustainable success.
