Technological Revolution Leads the Way at Davos
Globalization, corporate governance and cybersecurity discussed by our guests.
The snow has settled and world leaders have left the little mountain town of Davos to return to their daily business until next year. Over 2,500 participants attended the World Economic Forum, including more than 40 heads of state and government and 20 Nobel laureates, to tackle this year's theme, "Mastering the Fourth Industrial Revolution."
Technology and Dialogue
"Davos represents two things I care about: dialogue and technology," said CEO Tidjane Thiam when asked about the significance of the WEF. Tidjane co-chaired the event and took part in several high profile discussions, including the 'Global Economic Outlook', where he debated top issues on the global economic agenda with fellow panelists including UK Chancellor George Osborne and IMF Managing Director Christine Lagarde.
Cybersecurity as a Priority
Credit Suisse hosted several thought leadership events throughout the week, including a panel discussion on 'Technology and Board Governance', with a strong focus on cybersecurity. Host of the event, Chairman Urs Rohner, stated that "Cybersecurity is a topic that has been highly underestimated in terms of its relevance and importance."
Iris Bohnet, Credit Suisse Board member and Professor of Public Policy at the Harvard Kennedy School, highlighted the role that board members need to play in terms of governance. "Every board member needs to be technology-literate in order to fully understand and embrace cybersecurity," she said. The Credit Suisse Research Institute also released its report on Corporate Governance at this event. "Corporate Governance does matter and investors will be focusing much more on this topic going forward," commented Michael O'Sullivan, CIO, International Wealth Management.
Where Next for Globalization?
The 'Future of Globalization' was the topic of a panel discussion organized by Credit Suisse at the end of the week. Sir John Major, a senior advisor to the bank, moderated the event hosted by Chairman Urs Rohner and asked the panel some hard-hitting questions about where globalization is headed.
Globalization's shift to multi-polarity, as well as issues such as immigration, wealth inequality and slowing growth in China, were the highlight of the lively discussion. "The big challenge faced by governments is how to govern a diverse society," commented Professor Ngaire Woods, a guest on our panel.
This year's WEF provided an important platform to highlight the ways in which the changing technological landscape will affect the way in which we operate. The Credit Suisse thought leadership events were an excellent opportunity to engage with peers and share insights on the most relevant topics of the day, as well as an occasion for Credit Suisse executives to meet with key clients and stakeholders from all over the world.