How the Board Operations in the New Economy and Traditional Companies

As the New Economy Committee chairman, Dr. Lawrence Wong represents HKiNEDA and works with the CPA Australia to hold a joint seminar in ShineWing office.

The theme of the seminar is to analyse the differences between the board operations of the new economy and traditional companies.

Two independent non-executive directors (INEDs) share their experiences and insights with about 100 professional executives online and offline.

New economy companies generally with rapid growth of customers and revenue, so the application and investment in technologies and big data will be much larger than traditional companies.

In addition to organic investment growth, there are higher chances for new-economy companies to expand through M&A. Reasonable valuation of the acquired company is also a problem that the board of directors often must deal with.

New economy companies are more likely to take the initiative to invite other companies to form alliances, to quickly establish cross-industry and all-rounded Eco-system, to meet all the needs of customers thereby enhancing customer stickiness.