Digitalization on Boards: Evidence from the Baltic Public Listed Companies

The paper investigates one of the phenomena of current era- digitalization within the top management teams in the Baltic Public Listed companies. The paper sheds a light on senior management digitalization competences as in the public listed companies very small percentage of the board members possess digitalization. The paper argues that digitalization on the boards is linked with the level of diversity and internationalization of the top management team members. The empirical data of the paper have been collected from online available database on public listed companies in Estonia, Latvia and Lithuania. Research findings show that there is no correlation between TMT digitalization competences and company performance. Study results illustrate that there is no significant relationship between TMT digitalization and level of company internationalization. The paper findings outline that majority of the public listed companies in the Baltic states do not have Chief Information Officer or Senior Digitalization Manager as the companies exist in digitalized World full of changes. The paper identifies aspects of digitalization effects on company performance and level of internationalization and diversity. This research draws attention on top management team’s digitalization skills and competences as one of the key skills needed for each senior manager nowadays.