Pivot of Structural Governance Decision: Leading Crisis Transition Considering Governance Decision-Making Toward Long-Term Growth and Sustainability • Pivot of governance decision plays a strategically important role at today's transition, particularly in an ongoing shift of the global market sentiment with implications of complex asset allocation decision-making, considering also the dynamics of macro challenges at today's state of international economy; • Despite evidences of increasing headwind, forward-looking investment in efficiency and productive growth still invariably command the commonsense with conventional wisdom that sound economic fundamentals shall prevail, notably once taking into consideration rationale of risk-return tradeoff under a broader-based governance platform, within but also across business cycles; • Challenges of market volatilities and the expectation thereof as witnessed in the commodity market at the height of the Great Recession in 2007-09 only substantiate such argument, but forward-looking and rational decision comes together at the transition once addressing outstanding causes and causalities of the challenge beyond heat of the moment, and thereby implying a broader range of decision-making criteria with a stronger balance between the gravity of value return and investment in strategic growth, particularly commensurate with the ambition level, be it for leadership of a private firm or sovereign fund; • Mutually reinforcing incentives toward efficient and productive growth are critically also strategic determinants in this narrative, especially along broad-based transformative pathways that make ecosystemic sense across pivotal growth sectors from green energy to smart mobility and urban development, that altogether substantiate sustainable and resilient value on the premise of meaningful socio-economic activities as part of the ongoing global transition; • Prospect of broad-based growth shall after all win greater shared purposes at the transition, essentially once taking perspective from the whole-of-nation development ambition notably by strengthening long-run strategic capabilities on a substantive common ground shared by the economies and the societies, while also empowering such narrative toward greater and more opportunities as mission with reciprocal responsibilities at today's complex global transition.

1. Bangkok, Thailand / Page 1 (2) Edition: May 13, 2022
Pivot of Structural Governance Decision
Leading Crisis Transition Considering Governance Decision-Making
Toward Long-Term Growth and Sustainability
Siripong Treetasanatavorn
Sloan Fellow, Massachusetts Institute of Technology
Leadership Narrative:
• Pivot of governance decision plays a strategically important role at today's
transition, particularly in an ongoing shift of the global market sentiment with
implications of complex asset allocation decision-making, considering also
the dynamics of macro challenges at today's state of international economy¹;
• Despite evidences of increasing headwind, forward-looking investment in
efficiency and productive growth still invariably command the commonsense
with conventional wisdom that sound economic fundamentals shall prevail,
notably once taking into consideration rationale of risk-return tradeoff under a
broader-based governance platform, within but also across business cycles²;
• Challenges of market volatilities and the expectation thereof as witnessed
in the commodity market at the height of the Great Recession in 2007-09 only
substantiate such argument³, but forward-looking and rational decision comes
together at the transition once addressing outstanding causes and causalities
of the challenge beyond heat of the moment⁴, and thereby implying a broader
range of decision-making criteria with a stronger balance between the gravity
of value return and investment in strategic growth, particularly commensurate
with the ambition level, be it for leadership of a private firm or sovereign fund;
• Mutually reinforcing incentives toward efficient and productive growth are
critically also strategic determinants in this narrative, especially along broad-
based transformative pathways that make ecosystemic sense across pivotal
growth sectors from green energy to smart mobility and urban development,
that altogether substantiate sustainable and resilient value on the premise of
meaningful socio-economic activities as part of the ongoing global transition⁵;
• Prospect of broad-based growth shall after all win greater shared purposes
at the transition, essentially once taking perspective from the whole-of-nation
development ambition notably by strengthening long-run strategic capabilities
on a substantive common ground shared by the economies and the societies,
while also empowering such narrative toward greater and more opportunities
as mission with reciprocal responsibilities at today's complex global transition.
References (in appearance order):
1. See discussion of global economic development at IMF's latest report on world
economic outlook (2022): https://www.imf.org/en/Publications/WEO
2. See broader perspective of the crisis governance roles from the Brookings Institution
(2015), considering in particular structural impact in the economy, considering nature
of the business cycle: https://www.brookings.edu/research/how-stabilizing-has-fiscal-
policy-been

2. S. Treetasanatavorn. Pivot of Structural Governance Decision
Edition: May 13, 2022 Bangkok, Thailand / Page 2 (2)
3. See causal analysis and discussion of the global imbalances and corresponding
asset price volatilities at the height of the Global Recession by scholars from MIT,
Harvard and UC Berkeley (2008): https://economics.mit.edu/files/12605
4. See detailed accounts of the mission-critical governance decisions at the height of
the Great Recession from the White House (2013), especially with rationale in
establishing post-crisis stability in the economy and particularly in key strategic sector
such as SMEs and the automobile, but also directly to end consumers:
https://obamawhitehouse.archives.gov/sites/default/files/docs/20130915-financial-
crisis-five-years-later.pdf
5. See example of strategic investment for the whole-of-ecosystem structural
development in Africa from the Brooking Institutions (2020), particularly by
harnessing technology and innovation and the implications thereof as strategic
lynchpins: https://www.brookings.edu/research/the-fourth-industrial-revolution-and-
digitization-will-transform-africa-into-a-global-powerhouse