NEWS & INSIGHT
A new report put together by the Insead Corporate Governance Centre (ICGC), in partnership with Heidrick & Struggles and the Boston Consulting Group, has delved into perceptions around organisations’ ability to deal with complex current issues. One of the key challenges currently facing businesses globally is the impact of artificial intelligence (AI), with PwC estimating that the technology could contribute $15.7 trillion to the global economy by 2030. However, only 36 per cent of company boards surveyed felt their company was prepared to leverage the full potential of AI. The report also found that 29 per cent of company directors do not have faith in their CEO to navigate their organisation through the current period of uncertainty. This significant lack of trust was in evidence both ways, as 26 per cent of CEOs surveyed said that they did not believe in the effectiveness of their board. The year 2024 has seen the number of global conflicts rise to 56; the highest figure since World War II, according to the Global Peace Index. In this context, boards were asked if their companies had sufficient strategies to address geopolitical risks, yet only 37 per cent believed they did. More positively, the survey found widespread approval on sustainability, with 77 per cent of boards surveyed agreeing that addressing concerns in this area was a responsibility of their companies. “Boards today can benefit from moving from being reactive to proactive,” said ICGC executive director Sonia Tatar. “Beyond understanding disruptions, they can focus on looking ahead – anticipating future shocks and potential risks and finding ways to capitalise on emerging trends to leverage opportunities. By translating insights that inform decision-making into strategic actions, they will be better positioned to guide companies to be more resilient and navigate change effectively.” The report is entitled Boards and Society: How Boards Are Evolving to Meet Challenges from Sustainability to Geopolitical Volatility . EB BOARD DIRECTORS HAVE CONCERNS OVER CEO s ’ ABILITY, NEW REPORT FINDS SCHOOL : Insead COUNTRY : France
Students and recent graduates of Torcuato Di Tella University Business School can now add a master’s in management studies (MSMS) degree from MIT Sloan School of Management to their existing qualifications, after the two institutions signed an agreement. The MSMS is a highly selective nine-month degree programme open to students and recent graduates studying an MBA or equivalent master’s-level degree at one of a number of institutions around the world. In this way, it offers access to a unique community of learners and an international network, on top of an education and resulting qualification with the global reputation of MIT Sloan. Designated as a STEM programme, the MSMS curriculum, meanwhile, is designed to complement the programmes already taken by participants, which would be the MBA, executive MBA or master’s in management with analytics programmes for those at Di Tella Business School. Alongside Di Tella, partners in MIT Sloan’s MSMS initiative include McGill University Desautels, Insead and HKU Business School, the University of Hong Kong. The MSMS class of 2025 comprises 19 students from 12 different countries. A sizeable 63 per cent of the cohort is female and together they hold an average of four years’ prior work experience. At Di Tella Business School, MBA students hold an average of 10 years’ prior work experience, while EMBA students hold 14 years. Founded in 1991 and based in Buenos Aires, Torcuato Di Tella University currently has around 7,500 students and a permanent staff of 160 full-time professors. Di Tella Business School, meanwhile, is an AMBA & BGA Excellence Awards 2025 finalist in the Best Culture, Diversity and Inclusion Initiative category for its longstanding Women in Business initiative. Established in 2018, the initiative has added activities each year to support and strengthen the school’s development of women in leadership positions, while promoting better conditions and greater equity within organisations and society. TBD DI TELLA JOINS MIT SLOAN PROGRAMME INITIATIVE SCHOOL : Torcuato Di Tella University Business School COUNTRY : Argentina
Ambition | DECEMBER 2024 | 9
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