(0:00) Thank you to everyone who joined the inaugural Boardroom Governance Summit

(0:30) Intro

(1:51) About the podcast sponsor: The American College of Governance Counsel

(2:38) Start of interview

(3:21) Raffaela Rein’s Origin Story

(4:44) Rocket Internet: the “copycat factory,” global expansion, execution, and leadership lessons

(8:36) Founding and selling CareerFoundry

(9:16) Raffaela’s Board Journey: Porsche and other boards: PE, tech unicorn, startups and non-profits.

(11:04) Why she founded BoardLens

(15:00) AI as a Strategic Sparring Partner for board members: better preparation, sharper questions, and challenging assumptions

(16:14) How BoardLens is different from a traditional board portal and why individual directors are adopting it

(18:37) Confidentiality, Privilege, and AI: the risks of using public AI tools for board work

(21:03) The AI models behind BoardLens: Anthropic, Gemini, and OpenAI

(23:25) Open vs. Closed AI Models and balancing performance, security, and confidentiality

(25:01) BoardLens users and the growing demand for AI in regulated industries

(26:37) The “private equitization” of the economy and the rise of private-company boards

(31:38) OpenAI, Anthropic, and New Governance Models: PBCs, nonprofits, trusts, and mission-driven governance

(35:15) The Sam Altman episode and the unusual balance of power among boards, employees, and investors

(36:34) Mission vs. Financial Interests in AI governance

(37:47) Founder Control and Dual-Class Shares: SpaceX, Elon Musk, and investor willingness to accept unconventional governance

(39:17) The Porsche IPO and other unconventional governance structures

(41:07) U.S. vs. German Boards: comparing the single-board and two-tier governance models

(44:00) Why the board meeting should be one of the most valuable meetings in the company, not simply a reporting exercise

(44:40) Why Raffaela believes the AI transformation may be bigger than the digital transformation

(45:36) AI Strategy and Governance education for directors

(46:00) Building a Directors Council to think about the future of board work in an AI-driven world

(47:44) Autonomous vehicles, disruption of the German and European auto industries, and global competition

(48:15) What happens if AI makes many goods and services dramatically cheaper, or even effectively free?

(49:04) Books that have greatly influenced her life:

Radical Candor, by Kim Scott
Never Split the Difference, by Chris Voss
The Hard Thing About Hard Things, by Ben Horowitz

(51:13) Her mentors and the people she admires for perseverance

(52:12) Quotes she thinks of often: Invictus and “I am the master of my fate, I am the captain of my soul.”

(52:54) An unusual habit: going through different color phases

(53:56) The living person she most admires: Tony Robbins, and his ability to sustain a sense of purpose over decades

Raffaela Rein is the CEO and founder of BoardLens, an AI-powered intelligence platform built for board members. Her career spans BlackRock, Rocket Internet, entrepreneurship, and corporate boards.

You can follow Evan on social media at:

Website: boardroom-governance.com

X: @evanepstein

LinkedIn: https://www.linkedin.com/in/epsteinevan/

Substack: https://evanepstein.substack.com/

YouTube: https://www.youtube.com/@BoardroomGovernance

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To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/

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Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

Raffaela Rein: How AI Is Changing the Way Boards Work

Boardroom Governance with Evan Epstein

Raffaela Rein: How AI Is Changing the Way Boards Work