This episode of the Boardroom Governance Podcast features Joyce Cacho, an experienced executive and corporate director, discussing various topics including board journeys, corporate purpose sustainability, ESG, board diversity, opportunities in Africa, geopolitical landscape, AI governance, and personal life experiences. The discussion revolves around the evolving role of corporations, the importance of ESG and board diversity, the growing opportunities in Africa, the challenges of globalization, and the complexities of AI governance.
Takeaways
• The role of corporations is evolving from shareholder value to stakeholder and public benefit, incorporating ESG and sustainability practices.
• Board diversity is crucial for staying competitive and relevant in a changing world and mitigating risks, as it allows companies to reflect the changing demographics of consumers.
• Africa presents substantial growth opportunities, particularly with the Africa Free Trade Agreement, young population, and technological innovation.
• Globalization poses risks and challenges, such as de-risking between China and the US, the potential for conflict in Taiwan, and the vulnerability of long supply chains.
• AI governance is a complex issue that requires directors to be curious, proactive, and ask critical questions about data biases and potential misuse.
• Personal passions like classical music can shape an individual's life, outlook, and responses to disagreements.
