16 - 19 September 2024
The Impact of
Artificial Intelligence
on Corporate Governance
and Sustainability on
Key Stakeholders
Corporate Governance Conference
Programme 2024
16 September
16 September 2024 | Monday | 10.00am – 4.00pm
PARKROYAL COLLECTION, Marina Bay, Garden Ballroom, Level 1
Theme: The Impact of Artificial Intelligence on Corporate Governance and Sustainability on Key Stakeholders
In today’s rapidly evolving landscape, corporations face unprecedented challenges. Technological advancements in Artificial Intelligence (AI) necessitate robust ethical frameworks and clear governance structures. By integrating AI into decision-making processes, organisations not only optimize operations but also pave the way for long-term sustainability. This includes enhancing climate and supply chain governance to reduce environmental impact and align with Environmental, Social, and Governance (ESG) factors. However, as ESG takes center stage to corporate strategy and stakeholder engagement, overcoming ESG fatigue is crucial. By focusing on clear communication and demonstrating tangible results, organisations can reignite stakeholder enthusiasm and drive meaningful change.
Time
Programme
Time
9.00am
Programme
Registration and Breakfast
Time
10.00am
Programme
Welcome Address
Mr David Gerald,
Founder, President & CEO, SIAS
Time
10.10am
Programme
Opening Address by Guest of Honour
Mr Chee Hong Tat,
Minister for Transport, Second Minister for Finance and
Deputy Chairman, MAS
Time
10.25am
Programme
Launch of Corporate Governance Week 2024
Time
10.30am
Programme
Keynote | Leveraging AI for Climate Adaptation
Climate volatility poses a systemic risk to global civilization, but climate action has tended to focus on mitigation in the form of reducing emissions rather than adaptation to the uncertainty and damage most likely to impact national economies and the financial system. AI can be a powerful tool in mapping physical climate risk exposure as well as guiding resilience strategies in financially material ways. Central banks, regulators and other authorities should support AI-driven adaptation as a pillar of macro-prudential guidance and sustainable economic transformation
Presenter
Time
11.00am
Programme
Panel Discussion | AI in Boardrooms
This panel will delve into the emerging role of AI in boardrooms. Robust discussion on how AI can aid in decision-making at the highest levels of a corporation, and the potential implications this has for board composition, dynamics, and governance practices.
Moderator
Panellists
Time
12.00pm
Time
1.00pm
Programme
Lunch & Networking
Programme
Keynote | How AI has Changed Corporate Governance Practices in Organisations
Journey and experience of an Organisation integrating AI into corporate governance. Facing initial skepticism, but ultimately embraced for its transformative impact. AI-driven tools enhanced transparency, decision-making, and risk management processes. However, the emphasis must be placed on the ongoing commitment to ethical AI governance, ensuring fairness and accountability in utilizing these technologies to drive organisational success.
Presenter
Time
1.20pm
Programme
Presentation | Integrating AI with Long-Term Sustainability of an Organisation
Organisations are being nudged by regulators and investors towards becoming more sustainable businesses. Embracing AI could help with this journey especially in aspects where AI excels such as data collection, measurement and analysis. How could AI better support the sustainability goals of organisations and contribute to better all-round governance? What are the emerging trends, potential challenges, and strategies that companies can use to navigate the new landscape of greater sustainability and living with AI?
Presenter
Time
1.40pm
Programme
Presentation | Climate and Supply Chain Governance
2024 will be a crucial year for climate disclosure, as the SEC will publish its final rules on the US companies in April/May. The big issue is whether they will require companies to report on their scope 3 emissions, i.e. the greenhouse gas emissions of their supply chain. This will be a highly controversial step, and it is likely to be contested in the courts and in Congress. Furthermore, the possible re-election of Donald Trump as US President in November could fundamentally shift the US’s approach to green issues. However, climate change experts argue that scope 3 reporting is a critical step in addressing climate change. New European reporting requirements already demand that scope 3 emissions be disclosed, and a new due diligence directive on supply chain governance (CSDDD) is just around the corner. But many European companies are already arguing that the new requirements are extremely onerous. There are significant practical challenges in gaining emissions information across complex and multi-layered supply chains. After last year’s progress in developing new international accounting and reporting standards for sustainability, is this the year in which progress will stall?
Presenter
Time
2.00pm
Programme
Panel Discussion | ESG – The Impact on the Corporate Strategy, or Combat the Fatigue?
Should a company continue to look for ways in which ESG is reshaping business strategies and enhancing stakeholder engagement or is there ESG Fatigue?
The fast changing ESG reporting standards and expectations have implications on corporate governance, board decision making and the strategies that businesses needs to adapt. At the same time, during the 2023 voting season, there was a significant decline in investor support for ESG-related shareholder resolutions in the United States. Both investors and companies were concerned that ESG had become increasingly politicised, and they were seeking to adopt a lower profile on these issues. Do these developments reflect a decisive change in direction with regard to ESG? Or is this just a temporary setback, enabling investors and companies to reconsider how they approach the important issues underlying ESG – possibly utilising a different terminology or conceptual framework?
The fast changing ESG reporting standards and expectations have implications on corporate governance, board decision making and the strategies that businesses needs to adapt. At the same time, during the 2023 voting season, there was a significant decline in investor support for ESG-related shareholder resolutions in the United States. Both investors and companies were concerned that ESG had become increasingly politicised, and they were seeking to adopt a lower profile on these issues. Do these developments reflect a decisive change in direction with regard to ESG? Or is this just a temporary setback, enabling investors and companies to reconsider how they approach the important issues underlying ESG – possibly utilising a different terminology or conceptual framework?