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THE GLOBAL BOARD LEADERSHIP SUMMIT 9 – 10 JANUARY 2019 SINGAPORE THE GLOBAL BOARD LEADERSHIP SUMMIT S I N G A P O R E 2 0 1 9 B O A R D L E A D E R S H I P S O C I E T Y EST. 2013 BOARD LEADERSHIP SOCIETY

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Page 1: THE GLOBAL BOARD LEADERSHIP SUMMIT · 2019-05-21 · inaugural Summit • Board Academy of Germany • Copenhagen Business School • Centre for Governance, Institutions & Organisations,

THE GLOBAL BOARD LEADERSHIP SUMMIT 9 – 10 JANUARY 2019

SINGAPORE

THEGLOBAL BOARD

LEADERSHIPSUMMIT

SINGAPORE 2019

SINGAPORE 2019

THEGLOBAL BOARD

LEADERSHIPSUMMIT

SINGAPORE 2019

THEGLOBAL BOARD

LEADERSHIPSUMMIT

SINGAPORE 2019

THEGLOBAL BOARD

LEADERSHIPSUMMIT

BOAR

D LEADERSHIP SOCIETY

EST. 2013

BOARD LEADERSHIP SOCIETY

Page 2: THE GLOBAL BOARD LEADERSHIP SUMMIT · 2019-05-21 · inaugural Summit • Board Academy of Germany • Copenhagen Business School • Centre for Governance, Institutions & Organisations,

Boards today face a myriad of global issues ranging from macroeconomic risks to political uncertainty, sustainability, cyber risks, digitalisation and disruption. This calls for a global dialogue between boardroom leaders to find the best responses to these global issues.

It was on this premise that The Global Board Leadership Summit was established.

Jointly hosted by the Human Capital Leadership Institute (HCLI) of Singapore and the Board Leadership Society of Denmark, the inaugural Summit was held in Singapore on the 9th and 10th of January 2019, at the Four Seasons Hotel.

An exclusive and by invitation only event, the Summit brought together more than 50 boardroom leaders from Asia, the Middle East, Europe, North America and South Africa to inspire and lead discussions across borders on new ideas and solutions to the opportunities, challenges and risks facing global corporations today.

The following are the knowledge and supporting partners of the inaugural Summit• Board Academy of Germany• Copenhagen Business School• Centre for Governance, Institutions & Organisations,

National University of Singapore• Egon Zehnder• Ernst & Young• Kromann Reumert• Stanford Directors’ College

• The Danish Industry Foundation

This edition of The Global Board Leadership Summit marks the commencement of the Global Board Leadership Initiative that is slated to run for three years on a rotating basis between Singapore, USA and Europe.

The Global Board Leadership Initiative is aimed at improving global board leadership practices with a focus on value creation and sustainable growth – for the good of the individual firm, shareholders and society at large.

BACKGROUND

Page 3: THE GLOBAL BOARD LEADERSHIP SUMMIT · 2019-05-21 · inaugural Summit • Board Academy of Germany • Copenhagen Business School • Centre for Governance, Institutions & Organisations,

THEMEResponsible Board Leadership: Doing Well and Doing Good

PROGRAMME STRUCTUREThe agenda of the two-day Summit was structured based on the 6S value creation framework for boards:

• Stewardship and Sustainability: responsible governance that takes a long-term approach in decision making; taking into consideration the broader interest of society as well as business imperatives

• Strategy: working with management to shape and crystallise the long-term direction and strategic roadmap of the company

• Succession: reviewing and aligning board and leadership team composition and competencies with the strategy of the company

• Supervision and Support: monitoring performance, guiding and supporting management to ensure that the company is on course to achieve its strategic goals, agile in responding to global challenges, and has in place robust systems to manage risks and crises

CURRICULUM AND APPROACHThe curriculum was built around 10 key challenges facing global boards today. Six of the challenges were addressed through case studies developed based on real life events faced by corporations. The case discussions were facilitated by teaching teams comprising academic and boardroom leaders. This was complemented by panel discussions moderated by academic leaders, with panellists drawn from participants of the Summit to optimise peer learning.

OVERVIEW OF THE INAUGURAL SUMMIT

Page 4: THE GLOBAL BOARD LEADERSHIP SUMMIT · 2019-05-21 · inaugural Summit • Board Academy of Germany • Copenhagen Business School • Centre for Governance, Institutions & Organisations,

FACULTY AND PARTICIPANTSAbdul Wahab Al-Halabi* Chairman, DXB Entertainments

Ali Alfardan* Board Director, Dubai Investment and Commercial Bank of Dubai

Chan Wai Ching Head, Organisation & People, Temasek International

Cheong Chia Chou Group MD and CEO, PUC Berhad

Chia Kim Huat Director, SATS

Christof Gabriel Maetze Deputy Chair of Supervisory Board, Access Holding Microfinance

Claus Gregersen CEO, Chr. Augustinus Fabrikker

Dan Siciliano* Professor and Co-Founder, Stanford’s Rock Center for Corporate Governance

Diane Zetzmann-Krien CEO, TRUMPF Financial Services

Dorte Bech Vizard Ambassador of Denmark to Singapore and Brunei, Embassy of Denmark

Doulan Abdelmottaleb Chairman and CEO, Zaslaw TSS

Elaine Yew Partner and Member of Global Executive Committee, Egon Zehnder International

Fardan Ali Alfardan Senior Investment Officer, Al Fardan Group

Flemming Bligaard Pedersen* Chairman, Rambøll Foundation

* Participants who also contributed as faculty and speakers

Page 5: THE GLOBAL BOARD LEADERSHIP SUMMIT · 2019-05-21 · inaugural Summit • Board Academy of Germany • Copenhagen Business School • Centre for Governance, Institutions & Organisations,

FACULTY AND PARTICIPANTSFrank Lavin Independent Director, United Overseas Bank; Former US Ambassador to Singapore

Gan Chee Yen CEO, Fullerton Financial Holdings International

Guido Happe* CEO, Board Academy

Helle Bank Jørgensen CEO, Competent Boards

Ho Yuet Mee Independent Director, CIMB Islamic Bank Berhad

Jeppe Christiansen* CEO, Maj Invest Holding

Jim Hagemann Snabe* Chairman, Maersk Group and Siemens AG

Joseph Grundfest* W.A. Franke Professor of Law and Business, Stanford Law School; Former SEC Commissioner; Director, Kohlberg, Kravis, Roberts & Co

Jørgen Tang-Jensen* Chairman, Danish Green Investment Fund

Kai Nargolwala* Chairman, Clifford Capital; Board Director, Credit Suisse Group AG and Prudential plc

Kevin Kwok Board Director, Mapletree North Asia Commercial Trust Management

Kuseni DLamini* Chairman, Massmart Holdings and Aspen Pharmacare Holdings

Len Konar Chairman, Outsourced Risk and Compliance Assessment (ORCA)

* Participants who also contributed as faculty and speakers

Page 6: THE GLOBAL BOARD LEADERSHIP SUMMIT · 2019-05-21 · inaugural Summit • Board Academy of Germany • Copenhagen Business School • Centre for Governance, Institutions & Organisations,

Lim Joo Boon Board Director, Mapletree Logistics Trust Management

Majken Schultz* Professor of Management and Organization Studies, Copenhagen Business School

Marianne Philip* Partner, Kromann Reumert; Vice Chairman, Novo Nordisk Foundation

Max Loh* EY Asean and Singapore Managing Partner, Ernst & Young LLP

Michael Jenkins* CEO, Human Capital Leadership Institute

Neo Boon Siong* Canon Professor of Business, Nanyang Business School, National Technological University

Ng Kwan Meng Independent Director, Singapore Power

Niels Peder Nielsen Vice CEO, Novo Nordisk Foundation

Nihal Kaviratne* Independent Director, DBS Group Holdings, Olam International, Starhub and GlaxoSmithKline India

Ole Andersen* Chairman, Bang & Olufsen

Paul Chong President and Group CEO, Certis Cisco Security

Robert Cheim Chairman, CIMB Investment Bank Berhad

Shi Xu Executive Chairman, Nanofilm Technoloogies International

Steen Thomsen* Professor and Founding Chairman, Center for Corporate Governance, Copenhagen Business School

FACULTY AND PARTICIPANTS

* Participants who also contributed as faculty and speakers

Page 7: THE GLOBAL BOARD LEADERSHIP SUMMIT · 2019-05-21 · inaugural Summit • Board Academy of Germany • Copenhagen Business School • Centre for Governance, Institutions & Organisations,

Sunny Verghese* Chairman, Human Capital Leadership Institute and World Business Council for Sustainable Development; Co-Founder & Group CEO, Olam International

Tan Chee Meng Independent Director, Singapore Power

Tan Yinglan* Founding Managing Partner, Insignia Ventures Partners; Former Venture Partner, Sequoia Capital Southeast Asia

Tarun Kataria Board Director, Mapletree Logistics Trust Management

Teo Swee Lian Independent Director, Singapore Telecommunications and AIA Group

Tom Behrens Sørensen Board Director, ECCO Group, RAK Ports, WSS Ltd.

Tommy Thomsen* Chairman, J. Lauritzen A/S; Board Director, PSA International

Torben Bender CEO and Country Managing Director, Denmark, Ernst & Young

Torben Möger Pedersen CEO, PensionDanmark

Yap Kim Wah Independent Director, SMRT Corporation

FACULTY AND PARTICIPANTS

* Participants who also contributed as faculty and speakers

Page 8: THE GLOBAL BOARD LEADERSHIP SUMMIT · 2019-05-21 · inaugural Summit • Board Academy of Germany • Copenhagen Business School • Centre for Governance, Institutions & Organisations,

WELCOME AND INTRODUCTIONMs. Audrey Lim, SVP, Human Capital Leadership Institute (HCLI)Mr. Tom Jacobsgaard, CEO, Board Leadership SocietyMr. Guido Happe, CEO, Board Academy

MORNING SESSION I Global Trends in Governance and Board Leadership PracticesMr. Michael Jenkins, CEO, HCLIProf. Steen Thomsen, Copenhagen Business School (CBS)

MORNING SESSION II Challenges and Strategy of a Global CorporationCase 1: Global Challenges at Kaito LinesProf. Neo Boon Siong, Nanyang Technological University (NTU)Mr. Jim Snabe, Chairman, Maersk Group and Siemens

MORNING SESSION IIIPanel Discussion:Managing the Strategy JourneyModerator: Prof. Neo Boon Siong, NTUPanellists: Mr. Abdul Wahab Al-Halabi, Chairman,

DXB Entertainments Mr. Jørgen Tang-Jensen, Chairman, Danish

Green Investment Fund Mr. Kai Nargolwala, Chairman, Clifford Capital

LUNCH

AFTERNOON SESSION I Board Culture, Competencies and SuccessionCase 2: Board and CEO Succession at Ming LabsProf. Majken Schultz, CBSMr. Kuseni DLamini, Chairman, Massmart HoldingsMr. Ole Andersen, Chairman, Bang & Olufsen (B&O)

AFTERNOON SESSION II Panel Discussion: Board CompositionDilemmas in PerspectiveModerator: Prof. Majken Schultz, CBSPanellists: Mr. Guido Happe, CEO, Board Academy Mr. Nihal Kaviratne, Independant

Director, DBS Group Holdings Mr. Ole Andersen, Chairman, B&O

AFTERNOON SESSION IIIStewardship, Sustainability and IntegrityCase 3: CSR at Rama Case 4: SveaProf. Steen Thomsen, CBSMrs. Marianne Philip, Vice Chairman, Novo Nordisk FoundationMr. Sunny Verghese, Chairman, HCLI and World Business Council for Sustainable Development (WBCSD)

Synthesis and Wrap Up for Day 1Prof. Majken Schultz, CBSProf. Steen Thomsen, CBS

EVENINGNetworking Dinner hosted by Egon Zehnder at Four Seasons Hotel

AGENDA Wednesday, 9 January, 2019 MO

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Page 9: THE GLOBAL BOARD LEADERSHIP SUMMIT · 2019-05-21 · inaugural Summit • Board Academy of Germany • Copenhagen Business School • Centre for Governance, Institutions & Organisations,

MORNING SESSION I Panel Discussion: Board Dynamics, Chair-CEORelationship and Decision-MakingProf. Dan Siciliano, StanfordMr. Michael Jenkins, CEO, HCLIMr. Tommy Thomsen, Chairman, J. Lauritzen

MORNING SESSION IIValue, Reputation and Crisis ManagementCase 5: Shareholder Activism at UnifoodsProf. Steen Thomsen, CBSMr. Ole Andersen, Chairman, B&OMr. Sunny Verghese, Chairman, HCLI and WBCSD

MORNING SESSION III via VIDEO LINKDialogue with Prof. Joseph Grundfest, W.A. Franke Professor of Law and Business, Stanford Law School; Former SEC Commissioner

MORNING SESSION IVPanel Discussion: Risk GovernanceModerator: Prof. Dan Siciliano, StanfordPanellists: Mr. Jeppe Christiansen, CEO, Maj Invest;

Chairman, Haldor Topsoe Dr. Len Konar, Chairman, ORCA Mr. Nihal Kaviratne, Independant Director, DBS Group Holdings

LUNCH

AFTERNOON SESSION I Panel Discussion: Long Termism– A Competitive Advantage?Moderator: Prof. Steen Thomsen, CBSPanellists: Mr. Abdul Wahab Al-Halabi, Chairman,

DXB Entertainments Mr. Ali Alfardan, Chairman, Dubai Investment

and Commercial Bank of Dubai Mr. Flemming Bligaard Pedersen, Chairman, Ramboll Foundation Mrs. Marianne Philip, Vice Chairman,

Novo Nordisk Foundation

AFTERNOON SESSION II Panel Discussion: Digitalisation and Disruption in the BoardroomProf. Neo Boon Siong, NTUMr. Max Loh, EY Asean and Singapore Managing Partner, Ernst & YoungMr. Tan Yinglan, Founding Managing Partner, Insignia Ventures Partners

AFTERNOON SESSION IIIFintech and Finance Transformation Case 6: The Rise of Ant Financial ServicesProf. Neo Boon Siong, NTUMr. Max Loh, EY Asean and Singapore Managing Partner, Ernst & Young

AFTERNOON SESSION IVPanel Discussion: Board Effectiveness in Times of ChangeModerator: Prof. Dan Siciliano, StanfordPanellists: Mr. Jim Snabe, Chairman, Maersk Group and

Siemens Mr. Kai Nargowala, Chairman, Clifford Capital Mr. Kuseni DLamini, Chairman, Massmart

Holdings

Synthesis and Conclusion of Summit Facilitator: Prof. Dan Siciliano, Stanford

EVENINGDinner hosted by EY at the residence of H.E.Dorte Bech Vizard, Ambassador of Denmark to Singapore

AGENDA Thursday, 10 January, 2019 MO

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Page 10: THE GLOBAL BOARD LEADERSHIP SUMMIT · 2019-05-21 · inaugural Summit • Board Academy of Germany • Copenhagen Business School • Centre for Governance, Institutions & Organisations,

Based in Singapore, the Human Capital Leadership Institute (HCLI) is a centre of excellence that facilitates the acceleration of leadership development and strategic human capital management capabilities in Asia. Through its efforts, HCLI aims to develop global leaders with a strong understanding of leading in Asia, as well as to build Asian leaders with the ability to lead on the global stage. The institute achieves this by driving Asia-specific research and insights, creating industry-relevant executive development programmes and fostering rich networks between thought leaders in business, government and academia.

HCLI is a subsidiary of Temasek Management Services, which is wholly owned by Temasek Holdings (Private) Limited, and is supported by the Singapore Economic Development Board and the Singapore Ministry of Manpower.

For more information, please visit www.hcli.org

ABOUT HCLI

Page 11: THE GLOBAL BOARD LEADERSHIP SUMMIT · 2019-05-21 · inaugural Summit • Board Academy of Germany • Copenhagen Business School • Centre for Governance, Institutions & Organisations,

The Board Leadership Society of Denmark is a non-profit organisation with the mission to improve corporate governance and board leadership practices with a focus on value creation and sustainable growth – for the good of the individual firm, shareholders and society at large. The Society is founded in a collaboration between the business society in Denmark and the corporate governance environment around Copenhagen Business School.  Members of the Society include the blue-chip corporations of Denmark, large institutional investors, the Confederation

of Danish Industry, The Danish Chamber of Commerce, The Danish Business Authority along with chairmen, chief executives and professors concerned with the development of board leadership practices. The Society pursues its mission through conferences, board leadership educational programmes and knowledge sharing activities.

For more information, please visit www.boardleadershipsociety.com and www.cbsboardeducation.com

ABOUT BOARD LEADERSHIP SOCIETY

BOAR

D LEADERSHIP SOCIETY

EST. 2013

BOARD LEADERSHIP SOCIETY

Page 12: THE GLOBAL BOARD LEADERSHIP SUMMIT · 2019-05-21 · inaugural Summit • Board Academy of Germany • Copenhagen Business School • Centre for Governance, Institutions & Organisations,

BOAR

D LEADERSHIP SOCIETY

EST. 2013

BOARD LEADERSHIP SOCIETY

Tom JacobsgaardChief Executive OfficerBoard Leadership SocietyE: [email protected]: +45 4053 0803

The Global Board Leadership Initiative is supported by The Danish Industry Foundationwww.industriensfond.dk

Audrey LimSenior Vice PresidentHuman Capital Leadership InstituteE: [email protected]: +65 6909 6714