Boards are known to have an easier time ensuring effectiveness and preserving value than to drive for performance, which is often delegated to management. With global competition intensifying and the speed of change accelerated by digitalisation and other disruptions, boards are increasingly expected to take the lead in orchestrating and driving for performance. Boards that impose a "performance" culture unlock performance potential, pre-empt activist attack, reduce risk and competitive threats, and enjoy greater strategic independence.
Ludo was INSEAD Dean from 1990 to 1995. He was the first holder of the Wendel Chair in the Large Family Firm and of the Solvay Chair in Technological Innovation. He directed the Advanced Management Program, the INSEAD Zentrum Leipzig, and is co-Director of the International Directors Program and the Value Creation for Owners and Directors.
He has been awarded the Mercurius Award from the Fedis Association (Belgium) for his work with Professor Arnd Huchzermeier (WHU, Koblenz) on the introduction of the Euro. He received with M. Pich and N. Harlé the ECCH European Case Award 2003 for the "Marks & Spencer and Zara" case. At INSEAD, he has earned several Outstanding MBA Core Teacher Awards, as well as the Outstanding Service Award in Executive Education.
Ludo has published in journals such as the Harvard Business Review, the International Commerce Review, the Family Business Review, the Journal of Economic Theory, Mathematics of Operations Research, and the International Journal of Game Theory. His latest publication is Fair Governance: Setting a tone of Fairness at the Top, published in the Journal Business Compliance. He recently co-authored a survey on The Real Impact of Digital in organisations, followed by Directing Digitalisation, which enumerates the implications on boards.
Besides his academic role, Ludo serves as a member of the Advisory Board of Bencis Capital Partners, and the Supervisory Boards of two start-ups, Celpax and Seisquare.
Before joining INSEAD, Ludo was on the faculty of the Yale School of Management (1980-1988) and Harvard University's John F. Kennedy School of Government (1979-1980).
He holds an Engineering Degree in Applied Mathematics from the Université Catholique de Louvain and a Ph.D. Degree from Yale University. He is the first Honorary Professor of the Handelshochschule Leipzig, from which he also received the distinguished Service Medal in 2003, and is also an Honorary Alumnus of INSEAD (awarded 2000). He is since 1996 an Officer of the Order of Leopold, (Kingdom of Belgium).
Since 1998, Edward has been a Member of the Board of Dresdner Bank and later of the Central Advisors Council of Commerzbank, Frankfurt, of Stinnes AG, Essen, of KSB AG, Frankenthal, and of Covisint Corp., Detroit/USA. Since 2007 he has been Member of the Board and Chairman of the Strategy Committee of Vallourec SA, Paris, and ASAHI TEC Corp.,Tokyo. In 2008 and 2009, he was Chairman of the Board of Honsel AG, Meschede, as industrial partner of RHJ International, Brussels.
From 2004 to 2007, Edward was a member of the Executive Committee of the German Federation of Industry (BDI), held the position of President of ZVEI (Electrical Industry Association) and President of Orgalime, the European Engineering Industries Association, Brussels, and was Chairman of the Commission for Economic Growth and Innovation at the Economic Advisors Council for Germany and is leading a similar Commission for the Economic Council in Bavaria. He has been a member of the European Commission's High Level Group on Competitiveness, Energy and the Environment and Co-Chairman (with Commissioner Verheugen) of the Electra Taskforce developing a European industry sector growth plan.
Edward was elected President of the German Physics Society in April 2015 and serves as Honorary Professor at the Technical University of Munich, Director in Residence at INSEAD Fontainebleau, France, and Honorary Senator of the University of Erlangen-Nuremberg. He is a member of the Board of the Cultural Foundation of German Industries and of the School for Music and Theatre, Munich.
Edward studied physics at the universities of Erlangen-Nuremberg and Karlsruhe in Germany. After obtaining a doctorate in nuclear physics and following research projects at the Stanford Linear Accelerator Center in California, he completed an MBA program at the European Institute for Business Administration (INSEAD) in Fontainebleau, France.
"This session crystalised the issues in a systematic and thoughtful manner. The use of relevant materials by international experts also facilitated high quality discussions."
Amy Lee, Non-Executive Director, Clifford Capital Pte Ltd
"This is an excellent forum that is useful not only to new directors but also experienced directors. I would highly recommend this forum to all directors who are looking to create high performing boards."
Ted Tan, Deputy Chief Executive, SPRING Singapore
"I have learnt not just from the facilitator and speaker, but also from the inputs and lessons from the other attendees with their wealth of experience."
Lee Chong Kwee, Chairman, Mapletree Logistics Trust Management Ltd.
"The speaker spoke from experience and the heart - that was the most insightful!"
Tan Guong Ching, Chairman, STT Communications Ltd