1、Perspectives on Resilient Leadership from Asia-Pacific Board ChairsJuly 2021 By Neeraj Aggarwal, Jeffrey Chua, Patrick Forth, Abheek Singhi, and Karen Allardice Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest

2、opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholdersempowering organizations to grow, build sustainable competitive advantage, and drive positive societal i

3、mpact.Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely

4、collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.BOSTON CONSULTING GROUP 1IntroductionThe COVID-19 pandemic is an extraordinary black-swan event that has requi

5、red companies to accom-plish amazing feats in order to keep shelves full, call centers staffed, and employees, partners, and customers safe. The ability of management teams to make quick decisions with the confidence and backing of their boards of directors and chairpersons has been critical in enab

6、ling companies to adapta key lesson as the pandemic goes on. Because disruptions and crises will continue to occur, possibly even more frequently and dramatically than be-fore, boards and chairs will play a crucial role in ensuring that organizations remain resilient.We talked to 17 leading board ch

7、airs across Asia-Pacific (APAC) to understand what they have learned so far from the COVID-19 pandemic and to identify their top-of-mind concerns for the coming recovery.2 PERSPECTIVES ON RESILIENT LEADERSHIP FROM ASIA-PACIFIC BOARD CHAIRSIntroducing 17 Leading APAC Board ChairsJamshyd Godrej Chairm

8、an of Godrej & Boyce, a family-owned Indian holding company with business units in appliances, consumer durables, security, aerospace, industrial products, infrastructure development, and real estate.Michael Chaney Chairman of Wesfarmers, one of Australias largest listed companies, with businesses i

9、n home improvement, apparel, office supplies, and industrial products.Richard Goyder Chairman of Qantas Airways, chairman of Woodside Australias largest natural gas producerand chairman of the AFL (Australian Football League) Commission.David Gonski Chairman of Sydney Airport Limited, chancellor of

10、the University of New South Wales. Former chairman of Australia and New Zealand Banking Group, a leading Australian bank.Miguel Ko Chairman of CapitaLand, one of Asias largest diversified real estate groups, with a global portfolio spanning commercial, retail, business park, industrial and logistics

11、, integrated and urban development, and lodging and residential assets.Rhenald Kasali Former president commissioner at PT Telkom Indonesia, Indonesias largest telecommunications and network provider, majority owned by the Indonesian government.Catherine Livingstone Chairman of Commonwealth Bank of A

12、ustralia, a leading Australian bank, and chancellor of the University of Technology Sydney.Yoshimitsu Kobayashi Director of the board of Mitsubishi Chemical Holdings, Japan, the largest manufacturer and distributor of chemical products, and chairman of Tokyo Electric Power Company Holdings (Tepco),

13、the largest utility in Japan.Roshni Nadar Malhotra Chairperson of HCL Technologies, a listed global IT services and consulting company headquartered in India.BOSTON CONSULTING GROUP 3Pankaj Patel Chairman of Zydus Cadila, a leading, majority family-owned, global pharmaceutical company based in India

14、 that develops and manufactures pharmaceuticals and other health products, and chairman of the Indian Institute of Management (IIM), Udaipur.John Mullen Chairman of Telstra, the largest telecommunications operator in Australia; chairman of Brambles, a supply chain logis-tics company; and chairman of

15、 Toll Holdings, a transportation and logistics company.Atsushi Saito Senior fellow of the KKR Global Institute, the former chairman of KKR Japan (a member of global investment company KKR). Former president and CEO of Japan Exchange Group and the Tokyo Stock Exchange.Deepak Parekh Chairman of HDFCa

16、financial services conglomerate in India with businesses in banking, asset management, insurance, real estate venture funds, and education loansand chairman of Siemens India.Dr. Ziggy Switkowski Chairman of NBN, Australias national broadband network, and chancellor of RMIT University.Djohan Emir Set

17、ijoso President commissioner of Bank Central Asia, Indonesias largest privately owned bank.Teresita T. Sy Chairperson of BDO Unibank, the Philippines largest bank; chairperson of SM Retail; and vice chairperson of SM Investments, a conglomerate in the Philippines.Sunil Bharti Mittal Founder and chai

18、rman of Bharti Enterprises, an Indian conglomerate with a global presence, diversified across telecommunications (Airtel), space, insurance, real estate, education, hospitality and food.4 PERSPECTIVES ON RESILIENT LEADERSHIP FROM ASIA-PACIFIC BOARD CHAIRSNavigating the Pandemic For most of the chair

19、s we spoke with, the first few months of the pandemic called for close engagement between boards and management teams and tough decisions to ensure adequate cash flow and business continuity. In some industries, such as travel and tourism, urgent measures were required for companies very surviv-al.

20、In others, such as consumer products and pharmaceuti-cals, unexpected growth required companies to rapidly increase capacity and address supply chain shortages. BOSTON CONSULTING GROUP 5The first few months of the pandemic called for close engagement between boards and manage-ment teams and tough de

21、cisions to ensure adequate cash flow and business continuity. Across virtually all industries, companies focused on their people and on relationshipswith employees, customers, suppliers, government bodies, and other partners. One chair whose business experienced an increase in consumer demand saw th

22、e crisis as “an opportunity to put our wordsabout looking after all stakeholdersinto action.” The organization continued to pay furloughed employees, ensure that suppliers received prompt payments, and support nonprofit partners in its community. The chair of a company in India said that it generate

23、d better-than-expect-ed performance by focusing on the health and well-being of employees, “motivating people and channeling it in the right way.” The approach raised plant productivity during the pandemic to the highest point in the companys history.We asked chairs to describe what drove their orga

24、niza-tions resilience while navigating the uncertainty and dis-ruption of the pandemic. The most common factors cited were a strong prepandemic balance sheet and a conserva-tive debt position. But as one chair told us, resilience in a crisis also comes from “assets beyond bricks and mortar: your cus

25、tomers, a brand that you can trade on, and your organizational strengths and capabilities.” An established brand is important in uncertain times, when consumers revert to known, trusted options. And a strong corporate culture, grounded in a clear purpose and values, can help employees trust manageme

26、nt to do the right thing. Another key attribute was the extent to which the organiza-tion had already digitized its operations and modernized its technology stack, as well as having built-in redundan-cies, such as multisite operations and facilities enabled by technology. Many have now accelerated t

27、heir digital road-maps significantly, spurred by the pandemic-led rapid rise in digital adoption among customers, employees, and business partners. Yet organizations were generally under-prepared for the extent of outages that occurred in supply chains and operations when whole countries locked down

28、 at once. For one chair, the pandemic was a “wake-up call on the fallibility of our supply chain strategy.” An established brand is important in uncertain times, when consumers revert to known, trusted options.Critically, many chairs attributed their organizations resil-ience to remaining alert and

29、agile. Being alert to both acute and more long-term disruptive forces requires com-panies to have leadership teams and boards with diversity in experience, capabilities, and perspectives. Being agile requires leaders to be confident and able to make tough decisions“having the guts to take a stand an

30、d do some-thing about it”plus the organizational ability to imple-ment those decisions quickly. To be clear, the pandemic is not over, and many countries are still experiencing profound effects and facing an uncer-tain future. But the lessons that APAC companies have learned so far will be applicabl

31、e regardless of the future trajectory of the coronavirus, and in subsequent crises to come. 6 PERSPECTIVES ON RESILIENT LEADERSHIP FROM ASIA-PACIFIC BOARD CHAIRSThree Top-of-Mind Trends for APAC Boards in the Coming Recovery Looking to the future, chairs identified several trends that they expect to

32、 dominate the agenda for their organizations in the near term. Among the most im-portant were: The growing importance of an ESG agenda and company purpose The digital imperative in a time of accelerating change Changing work models and implications for talentBOSTON CONSULTING GROUP 7The Growing Impo

33、rtance of an ESG Agenda and Company PurposeIn the past, environmental, social, and corporate gover-nance (ESG) was treated as a discretionary activity; compa-nies could address it at will, and many chose not to, figur-ing that it would be a drag on financial performance. Today, APAC chairs agree tha

34、t ESG is a clear lever for improving long-term performance. This aligns with BCG research showing significant valuation and margin premiums across certain industries for companies that outperform on ESG. “In the past, ESG just meant everything cost more,” one chair said. “You got bragging rights, bu

35、t it hurt cost-wise. Now, the numbers work out well.”There are lots of system benefits to pushing an ESG agen-da,” continued the chair, citing investor pressure, changes in regulations, pricing, technology, and consumer prefer-ences, especially over the past two to three years. Another chair agreed

36、that the issue has become a central focus of the boards work. “We probably talk more about ESG at the board table than anything else. The topic is far more signif-icant than it was several years ago.” “We probably talk more about ESG at the board table than anything else. The topic is far more signi

37、ficant than it was several years ago.”Whats changed? Investors, consumers, governments, employees, and other stakeholders are putting more pres-sure on companies to align their business interests with community expectations. Institutional investors are spend-ing more time and emphasis on ESG and pus

38、hing for change. Some investors are wary of emerging risks, such as how climate change will affect a companys operations. Otherssuch as the large pension funds in Australia, whose invested assets are equivalent to approximately 35% of that countrys publicly traded stockshave a broader agenda, using

39、their significant influence to create a better future for their fund members and protect long-term re-turns. One Australian chair noted that some institutional investors no longer discuss financial or share price issues when speaking to the board and instead focus the entire conversation on ESG topi

40、cs. Some chairs highlighted their organizations longstanding dedication to ESG and community impact, which often stemmed from the values of the founder or the organiza-tion itself rather than from a response to external pressure. Not all felt this way; a few chairs said that prioritizing social issu

41、es or a companys purpose rather than maximiz-ing profits is a “cop-out” or an inadequate excuse for finan-cial underperformance. These chairs believe that compa-nies need to find a balance between economic and ESG performance. As one chair in Japan argued, the value that a company creates encompasse

42、s its contribution to solving the worlds challenges, including through ESG measures. The goal is to find an equilibrium between economic and societal value and not use efforts in one area as an excuse for falling short in the other.An explicit focus on ESG offers another benefit: improving the compa

43、nys employee value proposition. Talentin particular, younger employees across Asia-Pacificincreas-ingly wants to identify with the values and purpose of the organization. For that reason, superficial approaches to ESG will fall flat. “Its not enough to just tick the box,” a chair told us. “ESG canno

44、t sit outside the everyday life of a company. It has to be part of the companys ethos, and employees need to feel a sense of ownership in every aspect.” Another challenge for boards is risk mitigation. “Getting 99% of things right for customers is not enough,” one chair told us. “The 1% that you get

45、 wrong is where all the dam-age is.” Reputational risks are particularly acute given the speed with which bad news can travel and amplify via social media and other channels. “Brand image is far more fragile now,” another chair said. “There are lots of things that can cause major damage.” For that r

46、eason, boards need to ensure that they have transparency into all busi-ness practices: “Boards need to get more forensic, shifting away from averages and getting to the specifics.” This is less about micromanaging and more about asking the right questions, ensuring that specific processes and gover-

47、nance are in place, and gaining an understanding of any potential underlying issues. In addition, the challenge will continue to grow, giving a competitive advantage to front runners that take a proac-tive stance on ESG issues. “Sustainability hurdles will get higher and higher, not just to meet the

48、 law but also community expec-tations,” a chair said. 8 PERSPECTIVES ON RESILIENT LEADERSHIP FROM ASIA-PACIFIC BOARD CHAIRS“ESG cannot sit outside the everyday life of a company. It has to be part of the companys ethos, and employees need to feel a sense of ownership in every aspect.” BOSTON CONSULT

49、ING GROUP 9The Digital Imperative in a Time of Accelerating ChangeThe pandemic has accelerated the already critical need for companies to digitize, and it has exposed those that were lagging far behind as digital channels and supply chain visibility and management became critical to adapting to pand

50、emic conditions. Chairs across APAC agreed that the companies that are not digitizing fast enough are losing out, and that there is an absolute imperative for a broader digital transformationnot just for channels or supply chains. “Digitization is certainly not discretionary,” one said. “Without it

51、we would not survive.” More broadly, the goal is no longer to simply digitize inter-nal aspects of an organization. Chairs called out a bigger opportunity arising from collaborating with other enti-tiessupply chains, partners, and even customersto digitize entire ecosystems. “The most important thin

52、g was connecting our entire sales and distribution network,” said the chair of a company based in India. This approach raises the stakes both in terms of opportunities to unlock value and of risks for organizations that dont take action. Though critical, digital transformations are notoriously diffi

53、-cult to execute successfully. Chairs we spoke with worried about the significant costs of investing in technology, the risk that it may not deliver the desired impact, and the complexity of achieving such fundamental change at scale in large, complex organizations, which are often under short-term

54、performance pressure. BCG research has found that only 30% of digital transformations succeed in achiev-ing their objectives and identified a set of digital transfor-mation success factors that can dramatically flip the odds of success. For chairs of established incumbents, an important concern is w

55、hether their business models will with-stand the disruption from more nimble upstarts and established, tech-oriented digital natives.Digital transformation is not a one-time evolution to get to a new steady state. Rather, digital leaders continually innovatewith new technologies, such as advanced an

56、a-lytics and AI, or with business model innovation across their ecosystemand they expect to make continuous changes over time. Successful digital transformations are table stakes for the future competitiveness of incumbent organizations, and the time frames are getting shorter. One chair noted that

57、people used to think in terms of how a business model could change over a decade, but today, “its really two yearsthats the time compression were facing.” For chairs of established incumbents, an important con-cern is whether their business models will withstand the disruption from more nimble upsta

58、rts and established, tech-oriented digital natives. These disruptive players have inherent advantages, such as their abilities to quickly roll out offerings with global scale and reach and to reinvest cash flow in growth rather than dividends. Significantly, these companies consider data to be an in

59、herent asset, and they focus on owning the customer relationship (and the accompanying customer preference and behavior data) rather than owning capital-intensive assets.With this in mind, APAC chairs see two strategic paths to winning in the 20s through digitization. One path is effi-cient survival

60、: become the most cost-efficient player to provide a commoditized service. The other is growth orient-ed: build new capabilities and innovate in order to add value to baseline services. One chair said, “You need to move up the value chain to increase returns and take a bigger share of the pie; those

61、 who control and aggregate the volume of customers hold the power.” This can be difficult to execute for incumbents with capi-tal-intensive assets that will struggle as elements of their core business become commoditized. They face whats known as the superincumbents dilemma: with historically high m

62、arket share, profit margins, and cash flow (yet erod-ing growth), it is difficult to justify investments in high-growth, relatively lower-margin opportunities that typically dilute value when measured by traditional financial evalua-tion criteria. Successful incumbents need to potentially change the

63、ir mindsets and their criteria, investing to win by moving fast and leveraging their corporate assets and developing a compelling investor relations narrative.10 PERSPECTIVES ON RESILIENT LEADERSHIP FROM ASIA-PACIFIC BOARD CHAIRSDigital leaders also channel a larger share of investment than others i

64、nto reskilling, upskilling, and new ways of working. In Southeast Asia, one chairs organization was ambitious about investing early and proactively in up-stream talent sources throughout the pandemic. It facilitat-ed digital adoption initiatives extensively throughout the broader community (potentia

65、l future customers) and invested in digital skill-building education (potential future employees). Critical to upskilling success is finding the right balance of formal training versus on-the-job opportu-nities. BCG finds that upskilling programs are most suc-cessful when they follow the 10-20-70 ru

66、le: 10% theory, 20% mentoring, and 70% hands-on project delivery.Changing Work Models and Implications for TalentOne of the more significant changes resulting from the pandemic is the shift from physical offices to remote work. Forced to make the switch virtually overnight, organiza-tions learned, a

67、dapted, and invested in the necessary infrastructure. Many APAC chairs believe that more flexible work models are here to stay. That change will bring both opportunities and risks, as work moves from being remote by necessity to being remote by choice. Decoupling work from location is an opportunity

68、 to dramatically expand the pool of potential talent, for a more diverse and inclusive workforce.Chairs see decoupling work from a specific office as an opportunity to dramatically expand the pool of potential talent from which a company can recruit. “Location is becoming less relevant,” one chair s

69、aid. Moreover, compa-nies can thereby create a much more diverse and inclusive workforce, enabling more caregivers (who are dispropor-tionally women) and people who live in rural or remote locations to join the talent pool. In addition, remote work could make flexible work sched-ules more feasible,

70、also resulting in an increase in the talent pool. For example, one chair predicts the rise of a new category of talent: people who work remotely on a part-time schedule and seek 60% of the normal salary for their role. “What is considered a good job is changing,” a chair said. “Its no longer just ab

71、out pay.” The switch to flexible work could help increase the number of women who remain in the workforce despite caregiving responsibil-ities, while also helping companies create more balanced leadership teams. In some countries, such as Singapore, this can enable employees to work according to the

72、ir pre-ferred model. In other places, such as India, it can help solve considerable commuting challenges that significantly diminish employees productivity. At the same time, changes in work models could create unwanted divisions and tiers in the employee base, de-pending on whether employees roles

73、require them to show up in person at an appointed time or allow them to work remotely on a flexible schedule. “We are seeing two levels of workforce even within the same company, creating a divergence in both work expectations and work ethic.” The challenge is for managers and senior leaders to pay

74、closer attention to these issues, particularly during the transition to a new work model, and then proactively miti-gate any negative impact on morale and engagement. Another emerging issue tied to remote work is the employ-ee experience, particularly for younger, more junior people: “Its not a good

75、 thing to work from home all the time,” one said. “You lose the apprenticeship opportunity to learn from your boss and your peers.” Others may find that building and maintaining company cultures with a dis-persed workforce may be more challenging, and team performance and engagement could suffer. To

76、 take advantage of the best parts of a hybrid working model and mitigate the risks, companies will need to take a very intentional and holistic approach to designing a future working model. They will need to redesign personal-ized work models around both the type of work (for exam-ple, clerical, exp

77、ert, or creative) and the type of person (young caregiver, empty nester) and work intentionally to create transparency and trust between employer and employee, rather than focus only on productivity.BOSTON CONSULTING GROUP 11Advice for Building Crisis-Proof Leadership In addition to asking chairs to

78、 identify emerging trends, we sought their advice about how other boards and senior management could develop resilient, crisis-proof leadership. Heres what they said: Make sure your board of directors has the right capabilities Keep ahead of new and emerging risks Build the capabilities to act quick

79、ly and decisively Engage and communicate with management more dynamically Know when to trust your experience and when to seek a different perspective Take a long-term view and drive integrity in decision making Most important, back management once decisions are made12 PERSPECTIVES ON RESILIENT LEADE

80、RSHIP FROM ASIA-PACIFIC BOARD CHAIRSMake sure that your board of directors has the right set of diverse capabilities. Boards get their strength from the collective capabilities of the participants: the broader the set of relevant skills and experience that are represented, the more effective the boa

81、rd will be. One chair told us, for example, of the exceptional value of having a public health expert on the board during the global health crisis. Another observed that the pandemic and the scope and pace of digitization have revealed how little some boards and committees understand technology. Cha

82、irs should look to expand beyond such traditional capa-bilities as financial and legal oversight. While it is not practical to expect all areas of expertise to be represented, boards should try to secure talent with broad, powerful skillssuch as in risk management frameworks and first-principles thi

83、nkingthat can be complemented by seeking outside expertise on specific topics. In some Asia-Pacific countries, boards can be intrinsically self-limiting when it comes to membership. In Japan, for example, board members are often former employees of the organization and thus have an insiders perspect

84、ive. In India and Southeast Asia, where large, family-owned orga-nizations are very common, the board composition is often made up of family members, although there is a strong trend towards professionalizing board membership in these geographic markets. Chairs point out the benefit of ensuring that

85、 boards have enough members from outside the organization who can bring a fresh perspective and improve the overall effectiveness of the board.Keep ahead of new and emerging risks. Boards need to be able to identify and assess emerging risks and should scan for them proactively. Chairs have cited te

86、chnology, the climate, supply chains, and geopolitics as key areas to watch. Cybersecurity was a particular area of concern among the chairs we interviewed, as were complex data governance issues, which one chair called “an opportunity for either competitive advantage or failure.” One way that prude

87、nt boards prepare for cyber attacks and other kinds of crises is by running realistic crisis simulations with both the board and the management team. Build the capabilities to act quickly and decisively. Senior management and organizational decision-making processes need to be set up for quick react

88、ionsboth to mitigate the negative impact of disruptions and to capital-ize on emerging opportunities. “The pandemic proved that acting fast and firm trumps acting slow in the hope of getting it exactly right,” said one chair. This approach starts with senior management. “Its more important than ever

89、 that senior executives, particu-larly your CEO, have the capacity to be resilient, to take knocks, and to understand that decisions need to be made in a timely way,” a chair said. “Youre not always going to get it right.” When fast-moving opportunities arise, leaders who are “not equipped to invest

90、, or that are too relaxed” will languish, one chair said, citing organizations that have historically had a comfortable market position as most at risk. Engage and communicate with management more dynamically. When the pandemic hit, the predictable schedule of holding regular, fixed board meetings a

91、nd developing a one-year corporate plan and a five-year strate-gy became obsolete. As a result, boards began to interact with management teams more frequently and in a far more dynamic and informal manner. That approach was clearly a response to the uncertainty and fast decision making required duri

92、ng a crisis, but it generated benefits that could apply in the post-pandemic recovery period. “More informal interactions meant that the board has been more informed and has added real value through one-to-one advice and coaching between directors and people in the business,” said one Australian cha

93、ir. “The way boards work is going to change moving forward.” An-other said that more frequent communication with man-agement permits the board to “help early when companies begin to feel stress, rather than allowing problems to fester.”Boards get their strength from the collective capa-bilities of t

94、he participants: the broader the set of relevant skills and experience that are represent-ed, the more effective the board will be.Know when to trust your experience and when to seek a different perspective. The chairs we spoke with all have decades of experience running companies and successfully n

95、avigating business crises. This experience is immensely valuable, but it may not be sufficient to re-spond to future challenges. “The pandemic proved that acting fast and firm trumps acting slow in the hope of getting it exactly right.”14 PERSPECTIVES ON RESILIENT LEADERSHIP FROM ASIA-PACIFIC BOARD

96、CHAIRSChairs cited the importance of not letting previous experience be a “concrete box” that constrains future decisions and of not limiting responses to “what we did in the past.” Another chair concurred: “Sometimes you need to forget what made you successful before. Theres no template for you to

97、use moving forward.” Instead, chairs told us that its essential to think in terms of first principles, ask tough questions, and then respond in an agile and dynamic way. Ensuring that board member-ship reflects a wide range of backgrounds and perspectives helps prevent making decisions based on grou

98、pthink. To that end, many chairs highlighted the importance of en-gaging lots of young talent. In a business environment that is changing rapidly, “you need a younger mind to under-stand it.” The same principle holds true for family-owned businesses. For those organizations, chairs counselled giving

99、 the reins to members of younger generations who have the right level of hunger and ambition.Take a long-term view and drive integrity in decision making. Even as boards and management teams learn to act quickly in a crisis, they must avoid getting caught up in short-term issues. “Focus on the long

100、term and understand that the interests of all stakeholders are central to achiev-ing the companys purpose,” one chair said. Another ad-vised, “Ask the important questions of management. What are you doing to ensure that the companys well-being is improving in every waynot just in profit or sales, bu

101、t also the aspirations of all stakeholders?” Most important is to ensure that the company preserves integrity in decision making. “Do what is right,” a third chair told us. “Set a true north and hold decision-making integrity as para-mount.” Most important, back management once decisions are made. B

102、oards serve the critical function of challenging the management team, holding them to the purpose and values of the organization and helping them set a future vision for the company. But we consistently heard from chairs that boards should not try to do the job of senior leaders. “If you overmanage

103、the management team, they will lose ownership, not be creative, and not take risks.” Instead, “the role of the chair is to be a custodiannot only of the values of the group but the people you work closely with.”That is particularly true during a pandemic, given the excessive burden on company leader

104、s. “It has been an extremely trying time for people in management and leadership positions,” one chair said. “The board needs to be custodians for them and support them and give them the leeway to do what they want to do.”Once a decision is made, it is critical for the board to sup-port that decisio

105、n and back the management team. This gives the management team the confidence to make the critical and sometimes risky decisions necessary in a crisis, and it sends the message to external stakeholders and the rest of the organization that the board and management are aligned to lead the organizatio

106、n forward. BOSTON CONSULTING GROUP 15ConclusionCrises such as the COVID-19 pandemic serve as a kind of crucible for boards and chairs: they introduce new stresses and challenges, and they provide an opportunity to strengthen brands, reinforce customer trust, and accel-erate such organizational capab

107、ilities as risk management and digital. While the future is uncertain, all boards can learn from their experiences during the pandemic. By focusing sufficiently on such issues as ESG, digitization, and new working models, and by boosting organizational resilience, boards can ensure that their organi

108、zations are ready for whatever future challenges emerge. 16 PERSPECTIVES ON RESILIENT LEADERSHIP FROM ASIA-PACIFIC BOARD CHAIRSAcknowledgementsThe authors wish to thank Priyanka Aggarwal, Rahul Aggarwal, Reiko Akiike, Vikram Bhalla, Arindam Bhattacharya, Hans-Paul Brkner, Colin Carter, Chaojung Chen

109、, Arushi Jain, Yeonhee Kim, Ryoji Kimura, Carol Liao, Stefan Mohr, Zarif Munir, Rohan Passey, Rohit Ramesh, Vaishali Rastogi, Martin Reeves, Yasushi Sasaki, Ernest Saudjana, Janmejaya Sinha, Ashley Tan, David Tapper, Franois Tibi, Davids Tjhin, and Tom Von Oertzen for their contributions to this rep

110、ort. For Further ContactIf you would like to discuss this report, please contact the authors.About the Authors Neeraj Aggarwal is a managing director and senior part-ner in the New Delhi office of Boston Consulting Group. He is the chair of the Asia-Pacific region for the firm. You may contact him b

111、y email at . Patrick Forth is a managing director and senior partner in the firms Sydney office. You may contact him by email at . Karen Allardice is the Asia-Pacific client team director in the firms Melbourne office. You may contact her by email at . Jeffrey Chua is a managing director and senior

112、partner in BCGs Singapore office. He is also chair of the Singapore office. You may contact him by email at . Abheek Singhi is a managing director and senior partner in BCGs Mumbai office. You may contact him by email at .Boston Consulting Group partners with leaders in business and society to tackl

113、e their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformationinspiring complex change, enabling organizations to grow, building competitive advantage, and driving bott

114、om-line impact.To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design,

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