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10th Colloquium

Generative AI

The risks and opportunities of Generative Artificial Intelligence

for companies and their governance.

Overview

“we may hope that machines will eventually compete with men in all purely intellectual fields.” 

Alan Turing, Computing Machinery and Intelligence, 1950.

Generative Artificial Intelligence (Gen AI) “will change the nature of how we interact with all software, and given how many brands have significant software components in how they interact with customers, generative AI will drive and distinguish how more brands compete.

 

Generative AI can “generate” text, speech, images, music, video, and especially code. When that capability is joined with a feed of someone’s own information, used to tailor the when, what, and how of an interaction, then the ease by which someone can get things done, and the broadening accessibility of software, goes up dramatically. The simple input question box that stands at the center of Google and now, of most generative AI systems, such as in ChatGPT and DALL-E 2, will power more systems.”

Generative AI Will Change Your Business. Here’s How to Adapt, Harvard Business Review, April 2023

 

“Today’s leaders are eager to adopt generative AI technologies and tools. Yet the next question after what to do with it remains How do you ensure risk management and governance with your AI models? … Innovation shouldn’t come as a compromise with trust, privacy, or security — and vice versa. Even as businesses look to harness the power of generative AI models, they need to do it safely and responsibly… Data governance is [particularly] crucial in the age of generative AI. In recent months, we’ve seen some well-publicized missteps around made-up and proprietary materials, while some business leaders and public officials work to ensure the valuable data they feed into their models remains their own.”

Philip Moyer Global VP, AI & Business Solutions at Google Cloud.

 

This colloquium is dedicated to exploring generative artificial intelligences as a critical business issue. The global experts will discuss the risks and opportunities available for companies able to effectively corral the immense capacities of this technology.

Useful information

Presentation

Opening of the Colloquium

Presentation: Risk cultures for the 21st Century

Panel discussion facilitated by Rachael Johnson

Topics discussed by the speakers included:

  • What can be done today that wasn’t possible a year ago?
  • How do we align human values with AI?
  • How can we contain AI tools in the way we intend?
  • How can company leaders to keep up with AI disruption?
  • What does a balance between guard railing and innovating as a force for good look like?

Alan Johnson

Chair of the Good Governance Academy

Alan Johnson is the immediate past President of the International Federation of Accountants (IFAC). He previously served as Deputy President from 2018-2020 and had been a board member since November 2015. He was nominated to the IFAC board by the Association of Chartered Certified Accountants (ACCA).

 

On January 1, 2021, Alan was appointed a non-executive director and member of the Audit and the Succession & Appointments Committees of Imperial Brands plc, a FTSE 100 company in the UK.

 

Alan is a former non-executive Director of Jerónimo Martins SGPS, S.A., a food retailer with operations in Portugal, Poland, and Colombia, having completed his board mandate in 2016. 

He is currently the independent chairman of the company’s Internal Control Committee. Previously he was Chief Financial Officer of Jerónimo Martins from 2012 to 2014.

 

Between 2005 and 2011 Alan served as Chief Audit Executive for the Unilever Group. He also served as Chief Financial Officer of Unilever’s Global Foods businesses and worked for Unilever for 35 years in various finance positions in Africa, Europe and Latin America.

 

Mr. Johnson was a member of the IFAC Professional Accountants in Business Committee between 2011 and 2015, a member of the ACCA’s Market Oversight Committee between 2006 and 2012 and chair of the ACCA Accountants for Business Global Forum until 2018. Alan was a member of the board of Gildat Strauss Israel between 2003 and 2004.

 

Mr. Johnson is the chair of the board of governors of St. Julian’s School in Portugal and chairs its Finance & Bursaries Committees.

 

In October 2016 he was appointed to the Board of Trustees of the International Valuation Standards Council and chairs its audit committee.

 

Between July 2018 and September 2020 he was a non-executive director of the UK Department for International Development (DFID) and chaired its Audit & Risk Assurance Committee.

Prof. Mervyn King

Patron, Good Governance Academy

Mervyn King is a Senior Counsel, former Judge of the Supreme Court of South Africa, and designated Chartered Director (South Africa). He is Professor Extraordinaire at the University of South Africa, Honorary Professor at the Universities of Pretoria and Cape Town, and a Visiting Professor at Rhodes University. He has honorary Doctorates from Wits University and Stellenbosch University in South Africa, Leeds University in the UK, and Deakin University in Australia.

 

Mervyn is honorary fellow of the Institute of Chartered Accountants of England and Wales; the Institute of Internal Auditors of the UK; the Chartered Institute of Management Accountants; the Certified Public Accountants of Australia; the Chartered Institute of Public Relations of the UK, and the Chartered Secretaries and Administrators.

 

Mervyn is Chair Emeritus of the King Committee on Corporate Governance in South Africa, as well as of the Value Reporting Foundation (incorporating the International Integrated Reporting Council and SASB) and the Global Reporting Initiative (GRI). He has received Lifetime Achievement Awards for promoting quality corporate governance globally, from several institutions.

 

Mervyn chairs the Good Law Foundation and has chaired the United Nations Committee of Eminent persons on Governance and Oversight. He is a member of the Private Sector Advisory Group to the World Bank on Corporate Governance and of the ICC Court of Arbitration in Paris. Mervyn currently chairs the African Integrated Reporting Council and the Integrated Reporting Committee of South Africa and is Patron of the Good Governance Academy.

 

Mervyn has been a chair, director and chief executive of several companies listed on the London, Luxembourg and Johannesburg Stock Exchanges. He has consulted, advised and spoken on legal, business, advertising, sustainability and corporate governance issues in over 60 countries and has received many awards from international bodies around the world including the World Federation of Stock Exchanges and the International Federation of Accountants.

 

He is the author of many books on governance, sustainability and reporting, the latest being “The Healthy Company.”

Rachael Johnson

Global Head of Risk Management and Corporate Governance, Professional Insights at ACCA

Rachael has over two decades’ experience creating thought leadership content on a range of financial topics including risk management, responsible investing, sustainable finance, regulatory change management, and corporate governance.

 

In her current role at ACCA, Rachael produces research, thought leadership and CPD content on risk and corporate governance for members and partner organisations around the world. As the secretariat of ACCA’s Global Forum for Governance, Risk and Performance, she also advocates and provides comments for consultations. In addition, she is a member of the newly formed Accountancy Europe (AcE) Corporate Governance Policy Group and part of the Business at OECD (Biac) Corporate Governance Committee.

 

Rachael started her career as a financial journalist at RISK magazine and later moved to Euromoney, eventually becoming deputy editor of AsiaMoney in Hong Kong. As a freelance writer in London, where she is based, she produced various editorial work for financial publications, trade bodies, banks, fintechs, and asset managers.

 

Rachael graduated from Indiana University in the US with a BA in Journalism & Communications, and minors in Environmental Science and Public Affairs.

Andrea Bonime-Blanc

Founder and Chief Executive Officer of GEC Risk

Andrea Bonime-Blanc is founder and CEO of GEC Risk Advisory, a strategic governance, risk, ESG, ethics, tech and cyber advisor to business, NGOs, and government.

 

A former senior global executive at Bertelsmann, Verint and PSEG, Andrea serves on several boards and advisory boards (including Cyber Future Foundation, NACD NJ Chapter, Wirex Systems, the Athena Alliance and Epic Theatre Ensemble).

Andrea is:

  • The Independent Ethics Advisor to the Financial Oversight and Management Board for Puerto Rico,
  • Independent ESG & Integrity Advisor to the Platform for Social Impact, and
  • a life member of the Council on Foreign Relations.

 

In 2022, Andrea was named to the NACD Directorship 100. She is an NACD Governance Leadership Fellow, holds the Carnegie Mellon Cyber Oversight Certificate and has served as faculty at NYU’s Center for Global Affairs M.S. in National Security & Cybersecurity Program.

 

Andrea is the recipient of numerous awards and recognitions over the years including

  • The 2019 Cyber Futurist Award,
  • The 2018 inaugural Directors & Chief Risk Officers (DCRO) Exemplar Award, and
  • Ethisphere’s 100 Most Influential People in Business Ethics in 2014 and 2015.

 

Andrea spent two decades as a C-suite global corporate executive including serving as general counsel and chief ethics, risk, compliance, and corporate responsibility officer. She oversaw a wide array of functions including legal, governance, risk, ethics, CSR, government relations, strategic communications, crisis management, compliance, audit, cyber and environmental, health and safety.

 

Andrea began her career as an international corporate lawyer at Cleary Gottlieb specializing in international M&A and project finance transactions. She is a sought-after keynote speaker. She is quoted by and appears regularly on Bloomberg TV, Yahoo Finance, Cheddar, The Wall Street Journal, FT Agenda, BBC, The New York Times, among others.

 

Andrea is a visiting professor at several international universities, and author of many articles and several books, most recently Gloom to Boom: How Leaders Transform Risk into Resilience and Value (Routledge 2020) and the annual edition of The ESGT Megatrends Manual 2023-2024 (Diplomatic Courier 2023). She received her Joint JD in Law and PhD in Political Science from Columbia University.

 

Andrea was born and raised in Germany and Spain, speaks several languages, lives in New York City and tweets as @GlobalEthicist.

Roger Miles

Researcher, Speaker, Author and Moderator

Roger researches and engages with many kinds of organisations about how people perceive risk and make decisions under uncertainty.


Roger is Head of Faculty at UK Finance’s Academy for Conduct and Culture; a research associate of Cambridge University (Centre for Science and Policy); and postdoctoral graduate of King’s College London (Hazards & Risk Research Group). He was formerly a visiting Academic Course Leader and Examiner (MSc Risk and MBA courses) at the UK Defence Academy and Risk Communications lead on the NHS Senior Management courses at City University (Cass / Bayes) Business School.

After audit training at PwC, Roger ran regulatory engagement, investor and public interest group risk communication campaigns for firms including Barclays and Vodafone; for public bodies including HM Government’s Emergency Planning [Cabinet Office] and Environment [Defra] ministries; and for industry advocates including British Bankers’ Association.

He now works closely with corporate and public-sector Boards to overcome design weaknesses in risk control and governance. Organisations’ senior leaders typically commission him discreetly to produce and run workshop series specific to their needs; to identify and fix any ill-conceived rules and controls; and to reverse unwanted consequences that may have arisen where controls have been previously introduced without due thought. His workshop sessions typically contrast expert and lay perceptions of risk, identify and overcome bias, and highlight any line functions where subcultures have ‘legitimised misconduct’. He then offers all levels of staff, from senior leaders to front line, a set of simple, practical and motivating steps towards ‘working risk-aware’. This creates value by drawing on staff’s diverse thinking and instinct to challenge, improving resilience and decision-making.

Working with professional bodies in finance and other sectors, he is continuing to develop new education initiatives for exemplary management of Conduct, Culture Audit and Reputation Risk. This entails sector-wide research collaboration, working with function leaders in Risk, Conduct, Culture, Compliance and HR, in the UK and internationally to develop and promote more reliable indicators, predictors and reporting dashboards.

He publishes serial commentaries on risk culture (for Reuters, Financial Times, Berkeley Research and others) and best practice guidelines for professional bodies in the finance and professional services sectors. He co-edits the Encyclopedia of key psychology terms for the Behavioral Economics Guides (LSE). His books Conduct Risk Management: A Behavioural Approach (2017) and Culture Audit in Financial Services (2021) are popular.

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