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Governance

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Data Trusts - new data consent framework?
Are data trusts practical and more effective to manage the complexity of data sharing & privacy requirements?Some interesting thoughts from MIT - some of this thinking/ approach was piloted in EU/ UK recently, and back in 2017 Google's Sidewalk labs tried it out. Could we be ready for data trusts now?https://www.technologyreview.com/2021/02/24/1017801/data-trust-cybersecurity-big-tech-privacyimage credit: MIT
17 July 2021 by Daniella Trai...

Governance

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The key to keeping ahead in business is to be open to new ideas
The key to keeping ahead in business and ready for future disruptions is to be open to new ideas, says David Gonski AC, Chancellor of UNSW Sydney."As business leaders around the world continue to adjust to the unprecedented disruption brought about by the global COVID-19 pandemic, embracing new ideas and planning for bad times is more important than ever.”His future-proofing insights are offered under these headings:1. Run your business with a long-term view2. Improve the future of business with R&D3. Consider how much capital you need4. Your choice of staff is vital – as is caretaking corporate memory5. Seek diversity within businesshttps://www.businessthink.unsw.edu.au/articles/future-proof-business-david-gonski?
14 July 2021 by IdeaSpies

Governance

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We should celebrate and PARTICIPATE IN OUR “messy" DEMOCRACY
“Freedom House, a non-partisan organisation dedicated to promoting freedom and democracy, reports that freedom across the globe has declined for 15 straight years.""Across a swath of central Europe and central Asia in particular, a total of 18 countries suffered declines in democratic trends last year, while only six in those regions saw improvement.""Democracy is messy, but in an authoritarian system the problem is the lack of messiness. Cults of personality develop, opposing voices with potentially good ideas are squelched, healthy debates and innovative thoughts are blocked.”Gerald F. Seib  The Wall Street Journal (Reprinted The Australian - 14/7/21)
14 July 2021 by Glenn Barnes

Governance

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Delivering policies & procedures in the digital age
Policies and procedures are central to corporate governance. One single regulatory change could require multiple policies and pro
8 July 2021 by Jennifer Harr...

Governance

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The impact of corporations on the economy and households - future impacts
McKinsey Global Institute's latest report of 38 OECD countries (inc Australia) (link below) looked at the value generated by 8 types of companies and how economic value flows to households and the broader economy, and trends in the last few decades. Globally, the patterns are quite different. Which one(s) do you think have the potential for equality, quality of life and better prosperity? There are some worrying trends for labour markets and if our education 'critical infrastructure' isn't invested in what do you think this means for Australians and globally?Image credit:https://www.mckinsey.com/business-functions/strategy-and-corporate-
4 July 2021 by Daniella Trai...

Governance

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Bold new Framework for International Tax agreed by 130 Countries
01/07/2021 - 130 countries and jurisdictions representing more than 90%of global GDP have joined a new two-pillar plan t
2 July 2021 by IdeaSpies