the global board leadership summit...mr. tommy thomsen, chairman, j. lauritzen morning session ii...
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THE GLOBAL BOARD LEADERSHIP SUMMIT 9 – 10 JANUARY 2019
SINGAPORE
THEGLOBAL BOARD
LEADERSHIPSUMMIT
SINGAPORE 2019
SINGAPORE 2019
THEGLOBAL BOARD
LEADERSHIPSUMMIT
SINGAPORE 2019
THEGLOBAL BOARD
LEADERSHIPSUMMIT
SINGAPORE 2019
THEGLOBAL BOARD
LEADERSHIPSUMMIT
BOAR
D LEADERSHIP SOCIETY
EST. 2013
BOARD LEADERSHIP SOCIETY
Boards today face a myriad of global issues ranging from macroeconomic risks to political uncertainty, sustainability, cyber risks, digitalisation and disruption. This calls for a global dialogue between boardroom leaders to find the best responses to these global issues.
It was on this premise that The Global Board Leadership Summit was established.
Jointly hosted by the Human Capital Leadership Institute (HCLI) of Singapore and the Board Leadership Society of Denmark, the inaugural Summit was held in Singapore on the 9th and 10th of January 2019, at the Four Seasons Hotel.
An exclusive and by invitation only event, the Summit brought together more than 50 boardroom leaders from Asia, the Middle East, Europe, North America and South Africa to inspire and lead discussions across borders on new ideas and solutions to the opportunities, challenges and risks facing global corporations today.
The following are the knowledge and supporting partners of the inaugural Summit• Board Academy of Germany• Copenhagen Business School• Centre for Governance, Institutions & Organisations,
National University of Singapore• Egon Zehnder• Ernst & Young• Kromann Reumert• Stanford Directors’ College
• The Danish Industry Foundation
This edition of The Global Board Leadership Summit marks the commencement of the Global Board Leadership Initiative that is slated to run for three years on a rotating basis between Singapore, USA and Europe.
The Global Board Leadership Initiative is aimed at improving global board leadership practices with a focus on value creation and sustainable growth – for the good of the individual firm, shareholders and society at large.
BACKGROUND
THEMEResponsible Board Leadership: Doing Well and Doing Good
PROGRAMME STRUCTUREThe agenda of the two-day Summit was structured based on the 6S value creation framework for boards:
• Stewardship and Sustainability: responsible governance that takes a long-term approach in decision making; taking into consideration the broader interest of society as well as business imperatives
• Strategy: working with management to shape and crystallise the long-term direction and strategic roadmap of the company
• Succession: reviewing and aligning board and leadership team composition and competencies with the strategy of the company
• Supervision and Support: monitoring performance, guiding and supporting management to ensure that the company is on course to achieve its strategic goals, agile in responding to global challenges, and has in place robust systems to manage risks and crises
CURRICULUM AND APPROACHThe curriculum was built around 10 key challenges facing global boards today. Six of the challenges were addressed through case studies developed based on real life events faced by corporations. The case discussions were facilitated by teaching teams comprising academic and boardroom leaders. This was complemented by panel discussions moderated by academic leaders, with panellists drawn from participants of the Summit to optimise peer learning.
OVERVIEW OF THE INAUGURAL SUMMIT
FACULTY AND PARTICIPANTSAbdul Wahab Al-Halabi* Chairman, DXB Entertainments
Ali Alfardan* Board Director, Dubai Investment and Commercial Bank of Dubai
Chan Wai Ching Head, Organisation & People, Temasek International
Cheong Chia Chou Group MD and CEO, PUC Berhad
Chia Kim Huat Director, SATS
Christof Gabriel Maetze Deputy Chair of Supervisory Board, Access Holding Microfinance
Claus Gregersen CEO, Chr. Augustinus Fabrikker
Dan Siciliano* Professor and Co-Founder, Stanford’s Rock Center for Corporate Governance
Diane Zetzmann-Krien CEO, TRUMPF Financial Services
Dorte Bech Vizard Ambassador of Denmark to Singapore and Brunei, Embassy of Denmark
Doulan Abdelmottaleb Chairman and CEO, Zaslaw TSS
Elaine Yew Partner and Member of Global Executive Committee, Egon Zehnder International
Fardan Ali Alfardan Senior Investment Officer, Al Fardan Group
Flemming Bligaard Pedersen* Chairman, Rambøll Foundation
* Participants who also contributed as faculty and speakers
FACULTY AND PARTICIPANTSFrank Lavin Independent Director, United Overseas Bank; Former US Ambassador to Singapore
Gan Chee Yen CEO, Fullerton Financial Holdings International
Guido Happe* CEO, Board Academy
Helle Bank Jørgensen CEO, Competent Boards
Ho Yuet Mee Independent Director, CIMB Islamic Bank Berhad
Jeppe Christiansen* CEO, Maj Invest Holding
Jim Hagemann Snabe* Chairman, Maersk Group and Siemens AG
Joseph Grundfest* W.A. Franke Professor of Law and Business, Stanford Law School; Former SEC Commissioner; Director, Kohlberg, Kravis, Roberts & Co
Jørgen Tang-Jensen* Chairman, Danish Green Investment Fund
Kai Nargolwala* Chairman, Clifford Capital; Board Director, Credit Suisse Group AG and Prudential plc
Kevin Kwok Board Director, Mapletree North Asia Commercial Trust Management
Kuseni DLamini* Chairman, Massmart Holdings and Aspen Pharmacare Holdings
Len Konar Chairman, Outsourced Risk and Compliance Assessment (ORCA)
* Participants who also contributed as faculty and speakers
Lim Joo Boon Board Director, Mapletree Logistics Trust Management
Majken Schultz* Professor of Management and Organization Studies, Copenhagen Business School
Marianne Philip* Partner, Kromann Reumert; Vice Chairman, Novo Nordisk Foundation
Max Loh* EY Asean and Singapore Managing Partner, Ernst & Young LLP
Michael Jenkins* CEO, Human Capital Leadership Institute
Neo Boon Siong* Canon Professor of Business, Nanyang Business School, National Technological University
Ng Kwan Meng Independent Director, Singapore Power
Niels Peder Nielsen Vice CEO, Novo Nordisk Foundation
Nihal Kaviratne* Independent Director, DBS Group Holdings, Olam International, Starhub and GlaxoSmithKline India
Ole Andersen* Chairman, Bang & Olufsen
Paul Chong President and Group CEO, Certis Cisco Security
Robert Cheim Chairman, CIMB Investment Bank Berhad
Shi Xu Executive Chairman, Nanofilm Technoloogies International
Steen Thomsen* Professor and Founding Chairman, Center for Corporate Governance, Copenhagen Business School
FACULTY AND PARTICIPANTS
* Participants who also contributed as faculty and speakers
Sunny Verghese* Chairman, Human Capital Leadership Institute and World Business Council for Sustainable Development; Co-Founder & Group CEO, Olam International
Tan Chee Meng Independent Director, Singapore Power
Tan Yinglan* Founding Managing Partner, Insignia Ventures Partners; Former Venture Partner, Sequoia Capital Southeast Asia
Tarun Kataria Board Director, Mapletree Logistics Trust Management
Teo Swee Lian Independent Director, Singapore Telecommunications and AIA Group
Tom Behrens Sørensen Board Director, ECCO Group, RAK Ports, WSS Ltd.
Tommy Thomsen* Chairman, J. Lauritzen A/S; Board Director, PSA International
Torben Bender CEO and Country Managing Director, Denmark, Ernst & Young
Torben Möger Pedersen CEO, PensionDanmark
Yap Kim Wah Independent Director, SMRT Corporation
FACULTY AND PARTICIPANTS
* Participants who also contributed as faculty and speakers
WELCOME AND INTRODUCTIONMs. Audrey Lim, SVP, Human Capital Leadership Institute (HCLI)Mr. Tom Jacobsgaard, CEO, Board Leadership SocietyMr. Guido Happe, CEO, Board Academy
MORNING SESSION I Global Trends in Governance and Board Leadership PracticesMr. Michael Jenkins, CEO, HCLIProf. Steen Thomsen, Copenhagen Business School (CBS)
MORNING SESSION II Challenges and Strategy of a Global CorporationCase 1: Global Challenges at Kaito LinesProf. Neo Boon Siong, Nanyang Technological University (NTU)Mr. Jim Snabe, Chairman, Maersk Group and Siemens
MORNING SESSION IIIPanel Discussion:Managing the Strategy JourneyModerator: Prof. Neo Boon Siong, NTUPanellists: Mr. Abdul Wahab Al-Halabi, Chairman,
DXB Entertainments Mr. Jørgen Tang-Jensen, Chairman, Danish
Green Investment Fund Mr. Kai Nargolwala, Chairman, Clifford Capital
LUNCH
AFTERNOON SESSION I Board Culture, Competencies and SuccessionCase 2: Board and CEO Succession at Ming LabsProf. Majken Schultz, CBSMr. Kuseni DLamini, Chairman, Massmart HoldingsMr. Ole Andersen, Chairman, Bang & Olufsen (B&O)
AFTERNOON SESSION II Panel Discussion: Board CompositionDilemmas in PerspectiveModerator: Prof. Majken Schultz, CBSPanellists: Mr. Guido Happe, CEO, Board Academy Mr. Nihal Kaviratne, Independant
Director, DBS Group Holdings Mr. Ole Andersen, Chairman, B&O
AFTERNOON SESSION IIIStewardship, Sustainability and IntegrityCase 3: CSR at Rama Case 4: SveaProf. Steen Thomsen, CBSMrs. Marianne Philip, Vice Chairman, Novo Nordisk FoundationMr. Sunny Verghese, Chairman, HCLI and World Business Council for Sustainable Development (WBCSD)
Synthesis and Wrap Up for Day 1Prof. Majken Schultz, CBSProf. Steen Thomsen, CBS
EVENINGNetworking Dinner hosted by Egon Zehnder at Four Seasons Hotel
AGENDA Wednesday, 9 January, 2019 MO
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MORNING SESSION I Panel Discussion: Board Dynamics, Chair-CEORelationship and Decision-MakingProf. Dan Siciliano, StanfordMr. Michael Jenkins, CEO, HCLIMr. Tommy Thomsen, Chairman, J. Lauritzen
MORNING SESSION IIValue, Reputation and Crisis ManagementCase 5: Shareholder Activism at UnifoodsProf. Steen Thomsen, CBSMr. Ole Andersen, Chairman, B&OMr. Sunny Verghese, Chairman, HCLI and WBCSD
MORNING SESSION III via VIDEO LINKDialogue with Prof. Joseph Grundfest, W.A. Franke Professor of Law and Business, Stanford Law School; Former SEC Commissioner
MORNING SESSION IVPanel Discussion: Risk GovernanceModerator: Prof. Dan Siciliano, StanfordPanellists: Mr. Jeppe Christiansen, CEO, Maj Invest;
Chairman, Haldor Topsoe Dr. Len Konar, Chairman, ORCA Mr. Nihal Kaviratne, Independant Director, DBS Group Holdings
LUNCH
AFTERNOON SESSION I Panel Discussion: Long Termism– A Competitive Advantage?Moderator: Prof. Steen Thomsen, CBSPanellists: Mr. Abdul Wahab Al-Halabi, Chairman,
DXB Entertainments Mr. Ali Alfardan, Chairman, Dubai Investment
and Commercial Bank of Dubai Mr. Flemming Bligaard Pedersen, Chairman, Ramboll Foundation Mrs. Marianne Philip, Vice Chairman,
Novo Nordisk Foundation
AFTERNOON SESSION II Panel Discussion: Digitalisation and Disruption in the BoardroomProf. Neo Boon Siong, NTUMr. Max Loh, EY Asean and Singapore Managing Partner, Ernst & YoungMr. Tan Yinglan, Founding Managing Partner, Insignia Ventures Partners
AFTERNOON SESSION IIIFintech and Finance Transformation Case 6: The Rise of Ant Financial ServicesProf. Neo Boon Siong, NTUMr. Max Loh, EY Asean and Singapore Managing Partner, Ernst & Young
AFTERNOON SESSION IVPanel Discussion: Board Effectiveness in Times of ChangeModerator: Prof. Dan Siciliano, StanfordPanellists: Mr. Jim Snabe, Chairman, Maersk Group and
Siemens Mr. Kai Nargowala, Chairman, Clifford Capital Mr. Kuseni DLamini, Chairman, Massmart
Holdings
Synthesis and Conclusion of Summit Facilitator: Prof. Dan Siciliano, Stanford
EVENINGDinner hosted by EY at the residence of H.E.Dorte Bech Vizard, Ambassador of Denmark to Singapore
AGENDA Thursday, 10 January, 2019 MO
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Based in Singapore, the Human Capital Leadership Institute (HCLI) is a centre of excellence that facilitates the acceleration of leadership development and strategic human capital management capabilities in Asia. Through its efforts, HCLI aims to develop global leaders with a strong understanding of leading in Asia, as well as to build Asian leaders with the ability to lead on the global stage. The institute achieves this by driving Asia-specific research and insights, creating industry-relevant executive development programmes and fostering rich networks between thought leaders in business, government and academia.
HCLI is a subsidiary of Temasek Management Services, which is wholly owned by Temasek Holdings (Private) Limited, and is supported by the Singapore Economic Development Board and the Singapore Ministry of Manpower.
For more information, please visit www.hcli.org
ABOUT HCLI
The Board Leadership Society of Denmark is a non-profit organisation with the mission to improve corporate governance and board leadership practices with a focus on value creation and sustainable growth – for the good of the individual firm, shareholders and society at large. The Society is founded in a collaboration between the business society in Denmark and the corporate governance environment around Copenhagen Business School. Members of the Society include the blue-chip corporations of Denmark, large institutional investors, the Confederation
of Danish Industry, The Danish Chamber of Commerce, The Danish Business Authority along with chairmen, chief executives and professors concerned with the development of board leadership practices. The Society pursues its mission through conferences, board leadership educational programmes and knowledge sharing activities.
For more information, please visit www.boardleadershipsociety.com and www.cbsboardeducation.com
ABOUT BOARD LEADERSHIP SOCIETY
BOAR
D LEADERSHIP SOCIETY
EST. 2013
BOARD LEADERSHIP SOCIETY
BOAR
D LEADERSHIP SOCIETY
EST. 2013
BOARD LEADERSHIP SOCIETY
Tom JacobsgaardChief Executive OfficerBoard Leadership SocietyE: tj@bestyrelsesforeningen.dkT: +45 4053 0803
The Global Board Leadership Initiative is supported by The Danish Industry Foundationwww.industriensfond.dk
Audrey LimSenior Vice PresidentHuman Capital Leadership InstituteE: audreylim@hcli.orgT: +65 6909 6714
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