The Parliamentary Commission of Inquiry (PUK) has criticized the management and Board of Directors of Credit Suisse for its downfall, highlighting failures in regulatory oversight and crisis detection. However, the report offers vague insights regarding UBS, emphasizing the need for appropriate regulatory considerations due to its size as the only remaining Global Systemically Important Bank in Switzerland. The PUK's lack of clarity on UBS represents a missed opportunity, leaving Parliament and the Federal Council to determine future actions and reforms.
The Board of Directors plays a crucial role in shaping corporate strategy, as highlighted by headhunter Reto Jauch in the latest episode of BoardTalk. He emphasizes the need for strategic thinking among board members and the importance of data analysis in evaluating and adjusting strategies. Jauch, an expert in executive recruitment, also discusses the challenges related to data availability in strategic decision-making.
Andrej Majcen, CEO of Bitcoin Suisse, discusses the company's successful turnaround and profitability in 2023, driven by increased customer activity. While the firm has established a presence in Abu Dhabi, Majcen emphasizes the importance of growth and diversification, acknowledging that other regions are rapidly advancing in cryptocurrency innovation, contrasting this with Switzerland's focus on work-life balance.
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