governing for digital impacts
We are only beginning to comprehend the benefits—and the inherent dangers—of recent advances in technology, especially as digital, biological, and physical domains are fused together in the so-called Fourth Industrial Revolution.
Convened with a sense of urgency, this Summit explored ethical dimensions of transformative technologies with an overarching ambition for humankind to thrive over the long termd
As a global community concerned with the impact of business on society, we are particularly interested in leadership and governance in organizations and the role of business schools in a world increasingly divided, politically, economically, and socially.
This event was prepared for:
NOTE: Panel sessions were not recorded
We can do just about anything with technology, but should we?
At this, our 3rd Annual Global Summit, global thought leaders again came together and provide opportunities for attendees to engage in insightful conversations.
This global summit focussed on the future of digitalization for leaders and their organizations:
The central theme of this session is the moral and practical obligation of business leaders to consider the human rights implications of corporate activity. What, for example, are the effects that technology like social media and generative artificial intelligence have on rights such as that of free expression, access to information, and free and fair elections. And, how do we address the implications for increasing demand for minerals, driven by technological advances to address climate issues, when there are fundamental labour rights violations at the mines or parts of the value chain.
Balancing guidance and supervision
With reference to practical examples in the Healthcare, Human capital management, and the Banking industry sectors, Rachael and Alistair will discuss key governance considerations including accountability, direction setting, transparency, risk oversight and the impacts of legal fragmentation. This discussion will include the importance of being AI conversant and allocating time for continual, collaborative learning.
The introduction and use of technology has always posed ethical questions in organisations, whether relating to labour issues, surveillance or customer privacy. New forms of technology such as AI are only making these questions more complex, as technology is increasingly pervasive and in some cases transparent to those affected by it, be they employees, customers or other stakeholders in the organisation. This panel will discuss the obligations of the organisation to understand the ethical dilemmas posed by technology, and whose responsibility it might be to reconcile these.
This panel will discuss current challenges with how data is being used in new technologies, new approaches to proactively managing ethical risk shortfalls, ethics versus ignorance, detecting, protecting and reacting to the unethical use of data, the ethics of leaders taking short-term opportunities which result in unintended long-term consequences, and the rethinking of the organizational roles needed today.
Given the growing use of artificial intelligence in our daily lives, it’s evident that auditing practices need to evolve to keep pace. This panel will outline the essential requirements for conducting end-to-end audits of artificial intelligence applications, discuss key considerations and challenges arising from gaps in the legal framework, and offer best practice recommendations for our colleagues.
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Wits Business School, 2 St Davids Pl, St Andrew Rd, Parktown,
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Carolynn Chalmers is the Chief Executive Officer of Professor Mervyn King’s Good Governance Academy and its initiative, The ESG Exchange. She has edited two international standards: ISO 37000:2021 – Governance of organizations – Guidance and its associated Governance Maturity Model, ISO 37004:2023.
Carolynn makes corporate dreams come true, assisting leaders and leadership teams in how to create value for their organisations. She makes use of her expertise and experience in corporate governance, organizational strategy, Digital Transformation, and IT to do so.
Carolynn is an Independent Committee Member of South Africa’s largest private Pension Fund, the Eskom Pension and Provident Fund, and recently retired as Independent Committee member of several board committees for the Government Employee Medical Scheme. Carolynn has extensive management, assurance and governance experience and has held various Executive roles for international, listed, private and public organisations across many industries.
Carolynn is best known for her successes in establishing governance frameworks, and designing and the leading large, complex initiatives that can result. She attributes this success to the application of good governance principles. She shares her insights on her 2 LinkedIn Groups – Applying King IV and Corporate Governance Institute.
Sezer is an Associate Professor of Finance at the Bakirçay University, in Izmir, Türkiye, and an academic associate of the University of South Africa (UNISA) and the University of Johannesburg. Her research interests mainly include Applied Econometrics, Time Series Analysis, Financial Markets and Instruments, AI, Blockchain, Sustainability, Corporate Governance, Risk Management, Fraud Accounting, Auditing, Ethics, Coaching, Mentoring, and NLP. Sezer is the associate editor of two indexed journals and the AI book series editor at Springer. Sezer is a Steering Committee Member at the Good Governance Academy Research Forum and a co-founding member of the registered Engaged Scholarship project, Continuous Auditing in Public Sector Internal Auditing (CAPIA).
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