Optima Board Services Group

"It is exhausting to have to demand basic security best practices in digitization projects, even though they have long been established." - Prof. Kelber, former Federal Commissioner for Data Protection and Freedom of Information, Germany, in his farewell letter in July 2024. When Prof. Kelber talks about the need for basic methods like encryption, signing, pseudonymization, anonymization, and robust rights and role concepts, he highlights a persistent issue: these fundamental techniques are still not universally implemented, despite being well-established. Despite the availability of advanced Privacy-Enhancing Technologies (PETs), many organizations continue to lag in their implementation. Basic methods?such as encryption and anonymization are essential building blocks. They offer a foundation upon which more sophisticated?PETs?can be built. PETs, including homomorphic encryption and multiparty computing, offer innovative solutions that provide enhanced privacy protections. To effectively implement PETs, a privacy-by-design approach is recommended, integrating data protection safeguards from the outset of system development. This involves mapping legal obligations to design strategies and selecting appropriate technical building blocks. However, challenges remain in bridging the gap between legal frameworks and technological implementation. I recommend Danezis et al. paper from 2014 on this matter. The paper provides a method to map legal privacy obligations to design strategies and technical building blocks for implementing privacy-enhancing technologies. The attached OECD Digital Economy Paper "Emerging privacy-enhancing technologies," published on 8 March 2023, further underscores the importance of PETs in modern data protection strategies. Corporate Boards and CEOs must be aware of and actively comply with privacy and other related regulations, ensuring that technologies are among the key factors leveraged to assure compliance and preserve value for the corporation. Optima Board Services Group.

Insights from a Visionary Non-Executive Director, CEO, Lawyer, and Board Governance Expert Stephen Pitt-Walker, JD, FGIA, CISM, in a riveting conversation, he delves into the intricate dynamics of boardroom governance, risk management, and digital transformation, drawing from his illustrious career spanning across continents and industries. ??Join us as he shares his experiences, strategies, and vision for the legal industry in an insightful interview. ??Watch the Snippet here: https://lnkd.in/dT_9wXJQ ?? Watch the Full Interview Here: https://lnkd.in/gPgs96wv Priyanka Karwa Divya Dwivedi Ramanuj Mukherjee Namrata Singh Pragya Chandni #speaker #ceo #lawyer #businessstrategist #digitaltransformation #cybertech

Will you become a generative AI disruptor or be disrupted???? Find out with Massachusetts Institute of Technology and Telstra's latest report featuring thought leadership from Stela SOLAR: https://bit.ly/43MIuoC The report aims to tackle key questions currently on the minds of business leaders, including: ? What changes will generative AI bring to human-to-machine interactions in the next three years? ? How will generative AI change business functions and models in the next three years? ? What will be the job functions that will be significantly impacted, moderately impacted, or minimally impacted? ??What are the initial processes and functions that will be able to make the most immediate use of technology? Download the full document here:?https://bit.ly/43MIuoC #AI #AIAustralia #generativeAI #business

This #AI can cut #wildfire emergency response times from hours to minutes. In 2022, the World Economic Forum co-launched FireAid, a predictive AI wildfire risk map. Learn more: https://ow.ly/i0HS50R1aWp Pano AI

Whether we are conscious of it or not, ethical decisions are being made on behalf of Australians every day by policymakers, regulators and even emerging technologies. At a time when trust in our institutions is in decline, it's more important than ever that we demand investment in our ethical future. The Ethics Centre intends to establish a new, national Institute providing independent, expert advice on the profound ethical issues facing our nation, in partnership with UNSW and the University of Sydney. We’re calling upon the Australian Government for a one-off $33.3 million investment to help establish the proposed Australian Institute of Applied Ethics (the 'Ethics Institute') – the first of its kind in the world. Leaders, individuals and organisations across the nation have pledged their support for an Australian Institute of Applied Ethics. But we need your help. Will you consider adding your name? Sign your name today at ethicsinstitute.au #EthicsInstitute #Ethics #Australia #Economy #AusPol #AusEcon #Decision #Technology #AI #Infrastructure #Future #Support #SignNow Miah Hammond-Errey Dr Simon Longstaff AO David Pocock?Dr Sophie Scamps MP?Allegra Spender?Andrew Wilkie MP?Jim Chalmers

Only 1% of pitch decks secure venture capital—why? The difference lies in details you might be overlooking. Discover the must-have slides that make investors say 'yes' (according to Sequoia Capital): Here's how it works: 1. Define your company's purpose with clarity. 2. Address the problem with insight. 3. Present your solution as a beacon of hope. 4. Time it right; why now, not later? 5. Map out the market; show your understanding and potential. 6. Outshine competitors by highlighting your edge. 7. Detail your product like the masterpiece it is. 8. Explain your business model; make it compelling and clear. 9. Showcase your team; the architects of your vision. This isn't just about numbers or graphs. It's about creating a narrative that makes investors feel at home with your vision. Every slide, every figure, every graph should tell a part of your story.? From understanding the problem to presenting a game-changing solution. Start with why. End with how. —— ?? Found this helpful? Repost it so your network can learn from it, too. And follow me (Chris Tottman) for more content like this. #BrainDumps ?? ?? // Brain Dump #32

By invoking its authority to conduct a so-called 6(b) study — named for Section 6(b) of the FTC Act — the regulator can look into the AI companies separately from its law enforcement arm and make civil investigative demands. For example, the agency can order companies to file specific reports and answer questions in writing about their businesses. This is a rational, proactive power conferred upon the UK regulator. The active regulation speaks to the availability of resources and the prioritisation of the issues and risks AI poses especially in the realm of consumer protection and competition. This is an area of policy and law that, from the technology and law-making and enforcement perspectives, has become a major concern. And, parallels the issue of misinformation and disinformation that may be facilitated by unethical and unsafe AI practices. Since undertaking a substantial advisory engagement in relation to competition policy and AI for a major corporation several years ago the issues related to digital platforms and demand aggregators with access to vast amounts of personal data, data analytics (big data), and AI have been clear to me. This along with the ethical accountability and coming legal issues arising for regulators and corporate boards and regulators creates complex issues in relation to strategy, innovation, ethics and compliance. The machinations (much of which is still opaque) surrounding the actions and sacking of the OpenAI board and the reinstatement of its CEO Sam Altman, have been concerning for many reasons. Not least of which might be understood from an impartial exploration and reasonable answer to the questions, what were the outcomes and Cui Bono? While I’ve heard it argued that the initial board mishandled and were not well equipped to be on the board (which may be objectively accurate) I think this has, to some extent, missed the point. If it were the point, then we would have to consider the qualifications and a test for directors and ask why the same question was not asked so vociferously in the instance of other board failures. The board has obligations at law and ethical responsibilities. The question is how best it might meet these in an industry and political-economic system that favours the powerful. “At the FTC, the rapid development and deployment of AI is informing our work across the agency,” Khan said. “There’s no AI exemption from the laws on the books, and we’re looking closely at the ways companies may be using their power to thwart competition or trick the public.” Optima Board Services Group. Andrea Bonime-Blanc, JD/PhD Jordan Famularo, PhD Maureen Farmer, CEO Advisor Prof Michael Adams FAAL Yuen Teen Mak Divya Dwivedi #corporategovernance #boardeffectiveness #boardleadership #boardofdirectors #artificialintelligence #aiethics #airegulation #businessethics #governance #regulation

With enough energy for more than 6 million Chinese homes, this is the world's largest renewable power plant. Learn more: https://ow.ly/gFFl50Qkylt

Today the UN’s AI Advisory Body released its interim report, “Governing AI for Humanity”. The report calls for a closer alignment between international norms and how AI is developed and rolled out. The central piece of the report is a proposal to strengthen international governance of AI by carrying out seven critical functions such as horizon scanning for risks and supporting international collaboration on data, and computing capacity and talent to reach the Sustainable Development Goals (SDGs). It also includes recommendations to enhance accountability and ensure an equitable voice for all countries.? As co-author Simon Chesterman states, '[t]his technology cries out for governance — not merely to prevent harm, but also to avoid its many benefits accruing only to a club of the rich.' I am in complete agreement with Simon. However, whether an agreement can be struck that is inclusive of the UN members is an interesting question, as is to what extent there might be alignment. What is now fait accompli is that the emerging personal, business, national, international, geo-political, and geo-economic ramifications (as well as the regulatory complexity multiplier) for corporations and corporate boards is increasing rapidly, in many instances it may prove existential for businesses. The above considerations form a major element of what may be termed the 'board digital portfolio'?. This is even more the case when AI is considered in relation to the significant and overlapping operating and GRC aspect of cybersecurity and cyber regulation. Optima Board Services Group Craig Wilson Divya Dwivedi Maureen Farmer, CEO Advisor Prof Michael Adams FAAL Andrea Bonime-Blanc, JD/PhD Jordan Famularo, PhD Maria Liselle Flipphi The Hon Dr Jocelynne A. Scutt #artificialintelligence #airegulation #aiethics #aigovernance #businessethics #corporategovernance #boardleadership #internationallaw #cybersecurity #cyberrisk #internationalaffairs #un #boardofdirectors #strategy #geopolitics #geoeconomics #esgtech #sdgs The full report and ways to engage on next steps are available here: https://lnkd.in/garxQSfT