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4Boards.ai
The challenges of AI for sustainable corporate governance
December 2018
Robin Teigland, Chalmers University of ...
Overview
Rapid advancements in digital technologies, and in particular artificial intelligence (AI), along with increasing...
Nov 2018 6m 12m 24m
WHO
Public & Private Boards,
Deep dive at min two boards
Chalmers University of Technology
House of In...
Phase 2: Interviews & Workshops
January 2019 to March 2020
Phase 3: Framework Development
April 2019 to April 2020
Phase 4...
4Boards.ai – The challenges of AI for sustainable corporate governance
Phase 1 Actions
• WP 1, 2, 3 & 4: Identifying
curre...
Thank you!
Robin Teigland, Chalmers University (robin.teigland@chalmers.se)
Liselotte Engstam, Digoshen (liselottee@me.com...
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4boards.ai

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Description of our research project looking at the challenges of AI within the area of corporate governance

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4boards.ai

  1. 1. 4Boards.ai The challenges of AI for sustainable corporate governance December 2018 Robin Teigland, Chalmers University of Technology (robin.teigland@chalmers.se) Liselotte Engstam, Digoshean (liselottee@me.com) Fernanda Torre, Institute for Research Stockholm School of Economics (me@fernandatorre.se) Anthony Larsson, Institute for Research Stockholm School of Economics (anthony.larsson@hhs.se)
  2. 2. Overview Rapid advancements in digital technologies, and in particular artificial intelligence (AI), along with increasingly dynamic, complex competitive environments are inducing firms to develop new competences and interorganizational processes. Very little research has been conducted to date on how this new competitive environment is influencing corporate governance with regard to the innovation and sustainability activities of boards. Thus, the aim of this research project is the following: To develop and disseminate research-based knowledge and a set of best practices to enable boards to successfully govern and leverage AI in their innovation and sustainability efforts across the four levels of corporate governance activity: processes, competences, tasks, and value creation. Partners This project is financed by Vinnova and is led by Professor Robin Teigland at Chalmers University of Technology along with a team of researchers from the Stockholm School of Economics (Fernanda Torre, Anthony Larsson) and a corporate governance practitioner from Digoshen (Liselotte Engstam). In addition, the project includes Combient AB and Qlucore AB as the two primary research organizations and an international reference group of researchers and expert practitioners. 4Boards.ai – The challenges of AI for sustainable corporate governance Timeline The two year project consists of four phases running from November 2018 to October 2020.
  3. 3. Nov 2018 6m 12m 24m WHO Public & Private Boards, Deep dive at min two boards Chalmers University of Technology House of Innovation, SSE IMIT (SSE, LiTH, KI, etc) Combient Digoshen WHY Digitalization, Globalization, Sustainability Disrupted cost bases, value chains & offerings Skill & work challenges in companies and societies Challenges for Boards & Leaders - Awareness, understanding, adjusting companies at increasing speed - Work practices of boards requiring fast adjustment as they lack insights on new ways of governing Background & Approach Explore research & literature, define new basis Interviews & Workshops Develop insights & best practices Framework Development Refine best practices & tools Framework, Advisory, Research Writing & Dissemination 4Boards.ai – The challenges of AI for sustainable corporate governance TIMELINE
  4. 4. Phase 2: Interviews & Workshops January 2019 to March 2020 Phase 3: Framework Development April 2019 to April 2020 Phase 4: Framework Advisory, Research Writing, Dissemination April 2020 to October 2020 Rethink board processes and procedures (software, tools, etc.) Rethink board competences and mindsets (IT quotas, “hooders” on boards) Rethink board tasks (disruptive innovation, new business models) Rethink corporations and value creation (boards in the digital era, digital transformation of society and business) Phase 1: Background & Approach Nov 2018 to Dec 2019 “Boards and four levels of digitalization” - Morten Huse Elements in Corporate Governance 4Boards.ai – The challenges of AI for sustainable corporate governance
  5. 5. 4Boards.ai – The challenges of AI for sustainable corporate governance Phase 1 Actions • WP 1, 2, 3 & 4: Identifying current insights from current research and commercial writing • Developing bases for future insights and more detailed and comprehensive methodology • Outlining alternative approaches • Piloting of methodology Phase 1 Background & Approach Nov 2018 to Dec 2019 Phase 2 Interviews & Workshops January 2019 to March 2020 Phase 2 Actions • Collecting research data- In- depth interviews for all WPs with board members and key stakeholders for current challenges, current practices and best practices • Conducting workshops with selected boards and board networks aiming at exploring best practices Phase 4 Actions • Evaluating applicability of proposed framework • Drawing conclusions and consolidation of knowledge according to WP 1, 2, 3 & 4 • Sharing of insights with selected boards, board networks and research articles Phase 3 Actions • Analyzing data and summarizing findings and learning needs from each WP 1, 2, 3 & 4 • Developing a framework including checklists, services and skill enhancement activities for boards • Presenting resulting framework to selected boards • Adjusting according to feedback Phase 1 Deliverables • Literature review paper • Piloted and refined interview guide • Identification of participants for interviews and workshops Phase 2 Deliverables • 25-30 interviews with board members and key stakeholders, depending on saturation • Five workshops with boards, two within the participating companies, Combient and Qlucore. Phase 4 Deliverables • Final report • Minimum one article in top tier academic journal • Two articles in practitioner literature • Sharing of research results and framework in at least three board networks • Social media strategy Phase 3 Deliverables • Creation of a tested and refined corporate governance framework Phase 3: Framework Development April 2019 to April 2020 Phase 4: Framework Advisory, Research Writing, Dissemination April 2020 to October 2020
  6. 6. Thank you! Robin Teigland, Chalmers University (robin.teigland@chalmers.se) Liselotte Engstam, Digoshen (liselottee@me.com) Fernanda Torre, Institute for Research Stockholm School of Economics (me@fernandatorre.se) Anthony Larsson, Institute for Research Stockholm School of Economics (anthony.larsson@hhs.se)

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