Top leaders from governments, organizations, and businesses will meet this week at the World Economic Forum’s annual meeting. Although they come from different parts of the world, representing different cultures, one thing they all have in common is age.
According to Denominator’s data, the average age of executives and corporate boards are in the late 50s and early 60s with regional variances. While it is natural that leadership teams are experienced, society is increasingly dependent on new rapidly changing technology, and the average age of the world’s population, thereby the employees and customer base, is declining. To ensure a better cognitive alignment and inclusion of leadership teams with the markets they serve, younger leaders with the right skills will be needed in the future.
Last week at Womenomics 2022, Denominator presented that Nordic companies are best aligned with age representation compared to their customers and employees while companies in Africa, the Middle East, and North America are the worst aligned.This week in Davos is an opportunity for young people to get the chance to experience the decision-making at the heart of successful businesses by letting leaders of today connect with leaders of tomorrow.