Now that we have grown accustomed to global economic retribution and board meeting minutes that read like verses from Dante’s Inferno, it may be time to reflect on the composition of the leadership team.

The first question is whether there is anyone on the board who has new technology leadership skills. That is to say, is there anyone in the team who is running that huge investment that underpins every aspect of the organisation? Most companies will say no, but will argue that they have a chief information officer. Some CIOs will even argue the case that it is entirely appropriate that they are not on the board. A kind of career cul-de-sac rationalisation, I suppose.