Whether they really do it, whether they are able to do it, depends on many things. It depends on individuals and it depends on structures. Those who chair a board, who are members of board committees or who interact with internal control functions need to be available and possess the right knowledge and experience, not only to meet today’s needs but also tomorrow’s challenges.
In our view, supervisory boards still have some room to improve, particularly with regard to their collective knowledge. Assessing and overseeing management bodies requires ever more technical knowledge. Just think of digitalisation and IT, of internal models or new rules.