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4 - The Role of the Board of Directors in Corporate Transformation
Jordi Canals, IESE Business School, Barcelona
Book:

Boards of Directors in Disruptive Times

Published online:

16 November 2022

Print publication:

03 November 2022, pp 153-185
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Summary

In the face of disruptive challenges, companies need to change. Chapter 4 explores the board’s role in the corporate transformation process when the pressure to change is intense, with particular emphasis on sustainability and digital transformation as two important drivers of major disruption. In many industries, climate change, the global pandemic and other potential natural disasters and growing geopolitical tensions add to this pressure to adapt and compel CEOs and senior managers to rethink their company’s strategy. Using the recent evidence of corporate transformations, I illustrate the unique role boards play in helping firms navigate this process, in collaboration with the CEO.