The Wallenberg sphere operates in about 180 countries and its holdings generate a total of $260bn of annual revenue. But Marcus Wallenberg, chairman of the family holding company, explains to Jean-François Manzoni why working for the benefit of his native Sweden is so important. The Swedes even have a word for it: landsgagneliga.

As companies grapple with some of the biggest upheavals since the industrial revolution, today’s business owners face multiple challenges, from how to transition seamlessly towards sustainability to ensuring that their companies harness the full potential of digitization.

But they also have to satisfy an increasingly complex tapestry of stakeholders while ensuring that their governance structures remain transparent and agile enough to respond to a backdrop of growing economic and geopolitical uncertainty.

-------

Read our new magazine, I by IMD, here.

Discover IMD's leadership programmes here.

Global defence, Customs brokers, Project 2025, Molly Jong-Fast