Digital Governance

Corporate governance in a digital world

The power of Swedish corporate governance

The board sets the company’s direction and management works out the strategy. Add the right CEO and observe the culture, and you have the basic ingredients of the Swedish model of governance, according to Hans Stråberg, chair of large and medium sized companies. Hans Stråberg draws on the experience of ten years of CEO of Electrolux and as the chair of industrial giants Atlas Copco and SKF and several smaller listed … Read more

Sweden: Innovation-friendly but risk averse

Most Swedish companies are highly innovative but have not been taking too many bold steps to transform their businesses in the race for digital transformation, says Rajkumar Ravindranathan at L&T Technology Services. As the Chief Business Officer of a major global Engineering Services and Digital Company, Rajkumar Ravindranathan says that most enterprises are going through technology led disruption. There has been rapid transformation in the global digital and technological sphere that has led to a lot of market movement, acquisitions, … Read more

Swedish Unibap at the frontier in space

Unibap’s SpaceCloud hardware solutions stand in the centre of satellite development, containing advanced artificial intelligence that can survey and analyse visual data in near real time, for example send early warnings of forest fires. Space development is heading for new generations of small satellites, tiny as shoeboxes, in vast numbers. They will be powered with software applications that execute tasks directly onboard, similarly to what you presently find in datacenters … Read more

City life becomes digital

For cities to be economically sustainable, people must want to come and spend time there. The real estate company Atrium Ljungberg considers the digital environment as important as the physical. Atrium Ljungberg develops and manages urban areas that include offices, retail and cultural and service facilities. From a position of developing mostly offices and retail, Atrium Ljungberg some time ago decided to expand its area of business to residential buildings. With … Read more

Customer engaged digital transformation

A clear ambition from the board and group management – and a decentralized, iterative digital transformation process. That has been the success formula for the industrial polymer group Trelleborg. Swedish Trelleborg is a world leader in engineered polymer solutions, with 50 sites across the globe. The engineering group is active from space to seabed and within a wide range of industries such as transportation, aerospace, agriculture, building and construction and … Read more

Tyréns delivers digital solutions for smart buildings

Creating new business in a separate unit – and entering partnerships instead of investing in-house. The engineering and design consultancy Tyréns is gearing up for digital transformation in the construction industry.   In April 2019, the engineering and design consultancy Tyréns launched a new digital business unit: Business Area X, or BAX for short. The strategy is to separate the new business from the old. “We don’t think that our managers … Read more

After the crisis: Spendrups sees office shrink

The pandemic has spurred many companies to embrace digital tools – Swedish brewery Spendrups is one of them. Stepping out of the crisis, the family owned market leader sees a major change that this will bring: offices are about to shrink. “We expect people to remain more digital after the crisis. Many employees will continue to work from home in combination with office attendance”, says CEO Fredrik Spendrup. When the corona … Read more

The cognitive shipping company

To secure its future, family-owned Stena Line in Gothenburg has chosen to take digitalization seriously. Backed by the owner and supported by an active board, Stena Line strives constantly to become a “cognitive shipping company”, powered by AI. “Today we talk less about “digital transformation” and more about just “transformation”, says Jari Virtanen, Chief Transformation Officer, (CTO). “Vision in 2015: Fully AI assisted freight”  The call for change came when … Read more

“Digital transformation is about people, not technology”

Swedish investment firm EQT has a team of 60 digital accelerators, catalysing the transformation of their 70 independent portfolio companies. When digital transformation is made positive for both staff and customers – that’s when it becomes effective”, says Sven Törnkvist, head of the group. Pilots have been used to trigger curiosity and engagement, and are viewed as investments in learning. Now the portfolio companies queue up for support in their digital transformation. … Read more

Vital that company boards actively engage with digital transformation

If digital transformation is strategically critical, it should be at the top of the agenda. Boards should have continuously updated business intelligence, follow the actions of the CEO and the executive management closely and take every opportunity for insight and influence. This is the advice of Helena Levander, chair and board member of a number of companies. She believes that boards in recent years have gone from exaggerated respect to … Read more