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4Boards.ai
The challenges of AI for sustainable corporate governance
R2B Summit, March 2019
Prof Robin Teigland, Chalmers ...
The Challenge:
The impact of complexity & speed of change on Boardwork
Research; Understanding Digital Maturity – MIT/CapG...
Boards and top management not aligned on AI importance
Research; AI in Europe & Sweden by EY and Microsoft 2018 (n=267)
Ma...
•62% of
boards report
they are digitally
savvy
Source: MIT CISR 2014 Board Survey, 81 companies.
Based on public
data, 24%...
Rethink board
processes and
procedures
(software, tools, etc.)
Rethink board competences
and mindsets
(IT quotas, “hooders...
We invite IVA, Federations, & Company Boards
Opportunity to (under confidentiality & Chatham House rules)
• Apply to host ...
extra
4Boards.ai – The Approach
Phase 1 Actions
• WP 1, 2, 3 & 4: Identifying
current insights from current
research and commerc...
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AI and Boards - project description

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Presentation at R2B summit of our 4boards.ai project, https://4boardsai.wordpress.com/

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AI and Boards - project description

  1. 1. 4Boards.ai The challenges of AI for sustainable corporate governance R2B Summit, March 2019 Prof Robin Teigland, Chalmers University of Technology Chair NED IPD-C Liselotte Engstam Innovisa/Digoshen & multiple Fernanda Torre & Anthony Larsson, SIR, Stockholm School of Economics 4Boards.aiMarch 2019 Michael Watson
  2. 2. The Challenge: The impact of complexity & speed of change on Boardwork Research; Understanding Digital Maturity – MIT/CapGemini 2018 The challenges of AI for sustainable corporate governance March 2019 4Boards.ai
  3. 3. Boards and top management not aligned on AI importance Research; AI in Europe & Sweden by EY and Microsoft 2018 (n=267) March 2019 4Boards.ai
  4. 4. •62% of boards report they are digitally savvy Source: MIT CISR 2014 Board Survey, 81 companies. Based on public data, 24% of boards are digitally savvy Source: MIT CISR 2018 Board Study, 1122 companies, based on coding of public proxy data. © All rights reserved Digoshen AB Boards overestimate their Digital Savviness
  5. 5. Rethink board processes and procedures (software, tools, etc.) Rethink board competences and mindsets (IT quotas, “hooders” on boards) Rethink board task focus (disruptive innovation, new business models) Rethink corporations and value creation (boards in the digital era, digital transformation of society and business) “Boards and four levels of digitalization” - Morten Huse Elements in Corporate Governance The Solution & Result: 4Boards.ai Research-based initiative to explore & impact Board Practices 4Boards.ai Objective To identify, codify and disseminate a set of best practices to enable corporate boards to more successfully govern and leverage AI and other exponential technologies in their innovation and sustainability efforts Prof Robin Teigland Chair NED Liselotte Engstam Fernanda Torre & Anthony Larsson, Institute for Research March 2019 4Boards.ai
  6. 6. We invite IVA, Federations, & Company Boards Opportunity to (under confidentiality & Chatham House rules) • Apply to host multi-company workshops • Apply to join multi-company workshops to explore & discuss value creation and board dilemmas and best practices • Propose best practice boardwork and board members for interviews • Join surveys to establish insights • Apply to receive insights from 4Boards.ai presentations and reports March 2019 4Boards.ai Website: 4Boards.ai Contacts Robin.Teigland@chalmers.se Liselotte.Engstam@digoshen.com
  7. 7. extra
  8. 8. 4Boards.ai – The Approach 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 March 2019 4Boards.ai

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