• AI Boardroom Essentials. Are Directors Actually Ready?

  • Oct 3 2024
  • Length: 51 mins
  • Podcast

AI Boardroom Essentials. Are Directors Actually Ready?

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  • *Episode Summary* In this episode, Aarti Samani sits down with Dr. Shefaly Yogendra, an independent board director with an impressive background in financial services, higher education, and corporate governance. They dive into the critical issue of AI’s role in corporate governance and how boardrooms are adapting to emerging technologies, geopolitical tensions, and climate change. Dr. Yogendra shares her unique perspective on the interconnected nature of today's global risks, the evolution of board responsibilities, and how AI is both a challenge and an opportunity for leaders worldwide. Whether you’re an executive, a board member, or just curious about how AI is shaping corporate decisions, this episode offers insights you don’t want to miss! *Key Topics and Takeaways* **AI and Corporate Governance**: How AI is transforming boardroom conversations and the role of directors in governing these changes. **The Role of Board Directors in a Dynamic World**: Exploring compound risks, from geopolitical conflicts to environmental impacts, and their influence on corporate strategy. **Age vs. Ability to Learn**: Discussing the relevance of diverse age groups in boardrooms and the importance of lifelong learning. **Boardroom Culture and Psychological Safety**: Creating an environment where challenging conversations about inclusion, technology, and risk can thrive. **Transitioning from POC to Production with AI**: How executives should navigate proof of concept to full-scale implementation, even without clear ROI. **Balancing People and Profit**: The challenge of managing talent transformation in the age of AI without creating societal disruption. **The Elephant in the Room - Job Automation and Redundancy**: Addressing fears around AI-driven job losses and the potential societal divide. **Board Leadership and the Unknown Unknowns**: Preparing for the future through effective horizon scanning and leveraging diverse knowledge in the boardroom. *Resources* 1. Navigating The New Era For The NED: A Report by Norman Broadbent https://normanbroadbent.storage.googl... 2. Boardroom's Role In AI Governance: A Report by National Association of Corporate Directors (NACD) https://www.nacdonline.org/contentass... Key points from NACD report: 1. Approach emerging technology as a strategic imperative, not just an operational issue. 2. Develop collective, continuous technology-specific learning and development goals. 3. (Re)align board structure and composition to reflect the growing significance of technology as a driver of both growth and risk. 4. Demand frequent and forward-looking reporting on technology related initiatives. 5. Periodically assess the organization’s leadership, talent, and culture readiness for technological change. ✅ *Like* this video if you found Dr. Yogendra's insights helpful! 🔔 *Subscribe* to our podcast to stay updated on the latest conversations on AI, corporate governance, and beyond. 💬 *Comment* below: What do you think is the biggest challenge for boardrooms adapting to AI? 📢 *Share* this episode with your network—these are conversations that need to reach every leader! --- *Quotable Moments for Social Media* 1. *"It's no longer a luxury to view risks in isolation; they are all interconnected and compound."* - Dr. Shefaly Yogendra 2. *"AI is not just a technology—it's a strategic asset that will determine the long-term success of your business."* - Aarti Samani 3. *"Our job as board directors is to govern for the long-term success of the business, and that means understanding AI’s opportunities and threats."* - Dr. Shefaly Yogendra Feel free to use these quotes when sharing the video on LinkedIn, Twitter, or any platform! --- #ai #corporategovernance #aistrategies #aistrategy ai in corporate governanceAI strategy for board directorsCorporate governance risks and opportunitiesDiversity in boardroomsAI training for non-executive directorsTalent transformation in the age of AIFuture-proofing business with AI
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