المملكة: Thursday… Riyadh hosts a global corporate governance gathering

Alfaisal University in Riyadh is organizing the Third International Conference on Corporate Governance under the title “Beyond Compliance: Reimagining Corporate Governance in the Age of Artificial Intelligence.”
This was in the presence of an elite group of academics, professionals, and local and international decision-makers, on December 12th.

The conference aims to discuss the challenges faced by corporate boards of directors, which worked to balance the protection of diverse stakeholders with the need to maximize shareholder value.
As well as the ethical, legal and operational implications of artificial intelligence in corporate governance.
In addition to creating a strong corporate governance framework to address traditional concerns and adapt to the evolving landscape of business practices that rely on artificial intelligence.

The impact of artificial intelligence on corporate governance

The conference discusses the impact of artificial intelligence on corporate governance, focusing on ethical issues, transparency, and accountability.
The sessions will also discuss the importance of good practices to promote sustainable growth and balance the interests of shareholders and other stakeholders.

The conference includes dialogue sessions, research presentations, and specialized training programs for board members and executives.

Notable international speakers

The conference attracts a number of distinguished international speakers, including Professor Oliver Hart of Harvard University, winner of the 2016 Nobel Prize in Economics.
Professor Alex Edmans from London Business School and author of the book “Grow the Pie”, and Dr. Shawn Kao of the University of Maryland, director of the Artificial Intelligence Initiative for Capital Market Research.
Professor Colin Mayer from the University of Oxford, in addition to a large group of academics, lawyers, policy makers, and business leaders from the Kingdom and abroad.

Reimagining corporate governance

The conference aims to promote dialogue on reimagining corporate governance in the age of artificial intelligence.
And explore how to leverage artificial intelligence to achieve positive impact while mitigating potential risks and ensuring ethical decision-making.

The conference is a vital platform to support the Kingdom’s efforts to enhance corporate governance, in line with Vision 2030, in light of the rapid economic changes and increasing reliance on artificial intelligence.
It also addresses the evolving corporate governance landscape, with a focus on moving from a compliance-focused approach to a more holistic model that prioritizes stakeholder interests and long-term value creation.
It also explores how organizations can reimagine governance practices to enhance ethical decision-making, enhance transparency, and support sustainable growth in an increasingly complex and interconnected global economy.