Horasis Extraordinary Meeting Virtual Event, 1 October 2020 a Horasis leadership event

Unite. Inspire. Create.

Report Inspiring our future

© Horasis 2020 – All rights reserved The publication was prepared in cooperation with IE University, Madrid, Spain. The statements quoted in the publication do not necessarily represent the views or opinions of Horasis and IE University. No part of this publication may be reproduced or transmitted in any form or by any means.

Upcoming Horasis events: Horasis Asia Meeting Virtual Event, 30 November 2020 Horasis Extraordinary Meeting on the United States Virtual Event, 18 March 2020 Horasis Global Meeting Cascais, Portugal, 5-8 June 2021 Horasis India Meeting Binh Duong, Vietnam, 20-21 June 2021 Horasis China Meeting Yerevan, Armenia, 24-25 October 2021

Horasis is a global visions community dedicated to inspiring our future. (www.horasis.org) 2 Horasis Extraordinary Meeting Virtual Event, 1 October 2020 a Horasis leadership event

Unite. Inspire. Create.

Co-chairs: Ibukun Awosika Chairman, First Bank of Nigeria, Nigeria Richard Branson Founder, Virgin Group, United Kingdom Andrew Forrest Co-Founder and Chairman, Minderoo Foundation, Australia Roshni Nadar Malhotra Chairperson, HCL Corporation Ltd., India Hank McKinnell Chairman, Moody’s, USA Michelle Nunn President and Chief Executive Officer, CARE, USA Sally Ann Ranney President and Co-Founder, Global Choices, USA Martin Richenhagen Chairman, President and CEO, AGCO, USA Hans Vestberg Chief Executive Officer, Verizon Communications, USA

Partner Organizations: U.S. Chamber of Commerce Allianz All India Management Association (AIMA) Altru Institute Caspian Week CEO Clubs Network Worldwide Confederation of Indian Industry (CII) Entrepreneurs’ Organization Global Steering Group for Impact Investment (GSG) IE University Oxford Analytica Philip Morris International Publicize QI Group Reuters Breakingviews Run The World The Digital Economist Thunderbird School of Global Management Wingsure 3 Schedule

Unite. Inspire. Create. Uniting in the morning (06.30-07.15) Plenary (11.00-11.45) Plenary (17.00-17.45) – Horasis Community Building – Developing leadership and inspiration – USA – South Asia – Renewable Energy and Oceans Digital Breakfast Sessions (07.15-08.00) – Are we at an evolutionary moment? Plenary (11.45-12.30) Plenary (17.45-18.30) – Revitalizing economic growth – Sustainable Development Goals – UN Global Compact post-COVID – COVID vaccination availability – Thinking as citizens – Business-Led Solutions – Technology for social impact – Impact Created by Companies – Future-proof business Parallel Sessions (18.30-19.15) (12.30-13.15) – Stock market volatility – Changing world of e-commerce Parallel Sessions – The elephants in the room – FinTech Post-COVID – Mental health crisis – Inspirational leadership – Responsibility for blockchain usage – Celebrating diversity – Economic recovery by digitization – Black lives matter – Power of media – Unlikely collaborators – New Deal for Globalization – Regeneration of world trade – Rekindling education post-COVID – Innovation in a pandemic world – Sustainable brands – Regeneration or evolution of cities – Making more from less – Pivoting your businesses – Building peace – Digital utopia – China – We are living longer – Implanting Industry 4.0 Parallel Sessions (08.00-08.45) – Deriving ideas for start-ups – Fighting Poverty – Competing in leaderless world – Global Coordination – Solutions for an impact-led recovery – Corporate strategy through pandemic – Competitive Green Economies – Governance after COVID-19 – Balancing long & short term – African Peace Engineering Corps – Fixing Broken Government – Progress on global UN commitments – Foreign Direct Investment (FDI) – Latin America – Water: The Innovation Imperative – Armenia – Owning your own data – United Kingdom Plenary (19.15-20.00) – Governing a world out of balance – Fair Taxation for All (13.15-14.00) – Africa – Developing entrepreneurial spirit Virtual Lunch Plenary – Climate change commitments – Developing NewTech despite COVID – Horasis Community Building Closing Plenary (20.00-20.45) – New Cold War – Unity, inspiration and creativity – Developing Digital Prowess Special Addresses (13.15-14.00) – New Global Awareness – Family Business – Ulisses Correia e Silva (14.00-14.15) Closing Remarks (20.45-20.50) – Future Role of the Digital Leader – Juan Guaidó (14.15-14.30) – Unpalatables in times of COVID-19 – Everywhere entrepreneurship – Iliana Iotova (14.30-14.45) – South East Asia Virtual Closing Dinners (20.50-21.30) Plenary (13.15-14.00) – Our world in 2030 Plenary (08.45-08.50) – Celebrating UN 75 in times of COVID – Welcome Address by Antonio Guterres – Abraham Accords – Equitable growth post-COVID – Leading change Plenary (08.50-09.30) Parallel Sessions (15.30-16.15) – The CEO in age of disruption – Unite. Inspire. Create. – United Nations: The Next 75 years – Ensuring inclusive prosperity – Public-private partnerships – Navigating business on the edge Plenary (09.30-10.15) – Nurturing inclusive leadership – Redefining HRM as human relations – Building trust – Strategic infrastructure investment – Technology is running amok Parallel Sessions (10.15-11.00) – Developing emotional intelligence – Political revolutions – Where are we at? Where are we Going? – Entrepreneurial gale – The Conservation Continent – Impact investing – Developing deep learning – The emerging future is bright – Stronger together – Changing future of work – Global Climate Transformation – Millennials & Gen-Z – Overcoming gender inequality – Refugees and humanitarian crises – Competition for economic leadership – South-South cooperation – Pathways for the disenfranchised – AI as force for good – Future of finance – Redefining Philanthropy – Art supporting leadership transformations – Profit and Purpose in a Pandemic – Civil Society – Reconstructing supply chains – Transforming Business For Social Change – New Unicorn ventures – Middle East Closing Parallel Sessions (21.30-22.15) – Corporate leadership – Managed philanthropy (16.15-17.00) – Behavioral changes – Business Toughness Parallel Sessions – SDG goal #3 – its deeper meaning – Populism vs multilateralism – Austerity or Plenty – Technology harnessing – Venture capital – Global Solidarity – Partnering for food security – Awakening to a digital world – Family Offices – Harnessing migration – Clusters – Greater Caspian Region – Inspiring social innovation – Advancing the 5th industrial revolution – Our need of fulfilment – The zing of cryptocurrency – Ethics in a troubled world – Coaching through COVID – Managing funds post-COVID – Mutuality amid COVID-19 – Blended finance for future benefits – Globally Green Policies – Start-up Nations – Reaching for the Future with Technology – Bridging the Digital Divide – Un-led global crisis – Fostering Purpose through Movies – Greatest Transfer of Private Wealth – Triple bottom line investments – The current state of the world – Closing the Gap on Gender Equality – Africa Virtual Receptions (22.15-23.00) – Horasis community building – Horasis Young Visionaries – The 2021 Horasis Global Meeting

4 Table of Contents

Foreword 6

Summary 11

The Horasis Extraordinary Meeting was held on Run The World, the Silicon Valley-based online meeting platform.

5 Foreword

By Frank-Jürgen Richter, Chairman, Horasis, Switzerland

Horasis held its first digital Extraordinary Meeting on 1st October 2020 with the theme of Unite. Inspire. Create. The meeting brought together heads of state, prime mi nis- ters and other government represen tati ves as well as CEOs and entrepreneurs from around the world. 900 speakers contributed Antonio Guterres, Secretary General of the United Nations to the discussion of themes spanning politics, business and civil society across 150 ses sions – the largest online meeting held by any organisation so far. In January 2020 there were few instances of COVID in China in the probable epicentre The discussions through the meeting town of Wuhan. The Chinese authorities covered a wide range of issues and dele ga tes reacted quickly, as did their scientists and endeavoured to generate novel solutions epidemiologists who quickly analysed and pertaining to the difficulties facing us all at openly published its DNA. National Health the present time, especially with respect to Coordination centres have stated that the the effects of the COVID pandemic. There time to make a novel vaccine is long – be cau - is a clear and present need to ensure we aid se of all the testing phases, analyses and so all the disenfranchised, to meet our Sus - on. Of concern is the heavy political pres - tain able Development Goals and attempt to sure on vaccine manufacturers to rapidly meet our climate change targets, making present solutions. Nine leading biophar ma - the planet greener. Businesses need to pivot ceutical firms pledged in early September to new modes and to change their targets 2020 to ‘always make the safety and well- to be sustainable. being of vaccinated individuals our top priority’ – saying they believed their action Horasis decided to address these issues under would ‘ensure public confidence’ in the the themes of Unite, Inspire, Create so development of inoculation. delegates could discuss and derive novel ways to support our unique new-normal The WTO (World Trade Organisation) future – to strengthen global coordination, reckoned the global trade conflicts would cooperation and multilateralism via its lead to a sizeable reduction in direct trade international institutions. This has been between nations, and to a reorganisation recognised by the UN who have created a of supply chains in East Asia.Yet, in late new policy review of ‘Democracy without Summer 2020 after the initial ravages of Borders’ within a UN Parliamentary As sem - COVID, the OECD raised its global eco no - bly (UNPA) – it will be an addition to the my outlook to a 4.5 percent fall. Certainly, UN General Assembly under the title of the abrupt cessation of some commercial UN75 thus celebrating its 75th year of sectors caused havoc: mass transport systems incorporation. lost passengers and closed down as people

6 attempted to work from home; labour- intensive hospitality operations simply halted; manufacturing firms furloughed their staff. Sir Richard Branson, CEO, Virgin Group discussed the turmoil in the tourism sector.

Formally opening the meeting, António Guterres, Secretary-General of the United Nations opened his address by stating that the COVID-19 pandemic is the greatest global test since the founding of the United Nations. It has devastated lives, economies and communities everywhere and under - Armen Sarkissian, President of Armenia, speaking about UN 75 mined the UN efforts to achieve the Sus tain - able Development Goals. This pandemic has to be resolved for us all to concentrate on globally important issues like the SDGs, the UN ought to have been recognised al - climate change; and as nations rebuild their ready by several Nobel prizes, but dialogues economies devastated by COVID they must are of vital importance especially recog ni - address gender equality and diversity in all sing global dynamics and cyber-threats are its forms. much more important than formerly. He posed the useful potential for a ‘Club of Fabrizio Hochschild, Under-Secretary Small Nations’ to act as a fulcrum in many General, Special Adviser on Preparations for global discussions. Supporting these ideas, 75th United Nations Anniversary, United Mukhtar Tileuberdi, Minister of Foreign Nations, USA opened a Horasis panel Affairs, Kazakhstan outlined how Kazakh - ‘Celebrating UN 75 – Multilateralism in stan has hosted several peace initiatives Times of COVID’ noting that COVID-19, across Central Asia, and globally. climate change, social inequalities and geo - political tensions and digital technologies Continuing with this theme, Sanda are pressing upon all nations. In this panel, Ojiambo, Executive Director, United Armen Sarkissian, President of Armenia, Nations Global Compact, USA called for Armenia, as a former scientist, suggesting full disclosure of sustainability policies and practices thus committing businesses to sustainability and a shared responsibility for achieving a better world. She was suppor- ted by Munir Akram, President, United Nations Economic and Social Council, USA who noted ‘urgent debt relief and adequate finance is essential to enable developing countries to respond to the COVID crisis.’

Michelle Bachelet, United Nations High Commissioner for Human Rights, Switzerland further emphasised the need to overcome COVID and to regenerate support

Richard Branson, Founder, Virgin Group, United Kingdom

7 Hage G. Geingob, President of Namibia, Namibia Michelle Bachelet, United Nations High Diego Mesa, Minister of Mines and Energy, Commissioner for Human Rights Colombia

for inequality across the globe. In vulne rable electoral legitimacy looking to regenerate societies this must arise from strong social the nation. Diego Mesa, Minister of Mines protection of all individuals, especially and Energy, Colombia states he will continue women and children who are often the the ‘green thrust’ of the government by in - most deprived. This urgency was noted by creasing clean sources and creating new elec - Hage G. Geingob, President of Namibia, tricity distribution to the more remote parts Namibia as his nation is struggling to re ver se of the nation. And Gabriel Quijandria, the strong legacy of apartheid that formally Vice Minister of Strategic Development of ended in neighbouring South Africa in 1994. Natural Resources, Peru noted in shifting to sustainable energy, to electric vehicles Petteri Taalas, Secretary-General, World and in removing deforestation from supply Meteorological Organization, Switzerland is chains ‘we need to incorporate conserva tion clear: the COVID pandemic and lock downs as part of the toolkit for solving develop ment have made cities appear clean: but what will problems.’ And Paul Oquist Kelley, Mi - occur on the resumption of commerce? nister of Presidency and National Policies, ‘We must not be driven to despair, given Nicaragua urged that ‘the way in which we that reasonable, consensus-based solutions work together needs to change to over come are available to the international community, the profound economic, political and social governments and civil society. We need a disruptions caused by COVID-19, in Latin “Do” movement, not a “Talk” movement. America and elsewhere.’ This is our common goal.’ While business on many fronts in Africa is In panels debating South America, Juan booming – its pan-Africa Passport can aid Guaidó, Interim President of Venezuela, business interactions once the COVID-19 President of the National Assembly of pandemic eases; banks are helping ride Venezuela, Venezuela emphasised that COVID issues and manage debt relief, as throughout the world corruption and fraud well as strengthen regional integration; and has led to the underinvestment in health it is boosting renewables power delivering services so now they can’t cooperate fully energy for growth across the continent. and internationally to overcome COVID. Wamkele Mene, Secretary General, Afri - Today in Venezuela there is an emergent can Continental Free Trade Area (AfCFTA),

8 Special Address by Juan Guaidó, Interim President of Venezuela Soraya M. Hakuziyaremye, Minister for Trade and Industry, Rwanda

Ghana celebrates the birth of the African In other panels, Ibrahima Guimba- Continental Free Trade Area which signals Saidou, Minister and Special Advisor to reductions in all restrictions to inter-African the President of Niger, Niger explained trade, aiming by 2035, to double its inter nal how they were looking to a citizen-centric trade by enhancing its intellectual property approach around service delivery informed rights, industrial development and supply by technology: this will strongly aid Niger’s chains. COVID-19 crisis has slowed us down. goal of meeting the UN/SDGs. And Rania He ensures its youth must be part of the A. Al-Mashat, Minister of International solution. Aurélien Agbénonci, Minister Cooperation, Egypt affirmed that the effects of Foreign Affairs, Benin stated Benin and of the COVID pandemic would have been other nations must change the ways in which more difficult for Egypt if not for the Africa does business: to develop objectives comprehensive reforms on taxes, budgets for each nation and then between nations to and foreign exchange that the country define the strengths and objectives to reach undertook. global markets. It has defined how to fight corruption and to limit minister’s terms in South Asia has also been battered by the office to uphold democracy. He applauds that COVID-19 pandemic as well as occasionally they have had the audacity to move forward by geo-political tension: but they offer hope quickly. Soraya M. Hakuziyaremye, for the world if they succeed in mutually Minister for Trade and Industry, Rwanda in - beneficial growth. The SAARC’s (South formed how Rwanda has introduced reforms Asian Association for Regional Coopera tion) to make it easier for incoming businesses. has a strong role to boosting regional inte - Administrative reform was first; then regu - gration. Shariar Alam, Minister of State latory reform; and then digital reforms: it for Foreign Affairs, Bangladesh noted every has risen into the top 40 nations globally 4th global person is a South-Asian but in the in the ease of doing business. To combat South Asian Association for Regional Co - COVID, Rwanda quickly adopted mass ope ra tion (SAARCs) its 8 nations represent testing and tracing as well as containment only 2% global GDP but 40% of world’s measures. poorest. Lasting peace in the region has been illusive even though SAARCs members wish to openly counteract terrorism. Suppor ting

9 Horasis Chairman Frank-Jurgen Richter Rania A. Al-Mashat, Minister of Pradeep Kumar Gyawali, Minister introducing UN Secretary General Antonio Guterres International Cooperation, Egypt for Foreign Affairs, Nepal

these data, Pradeep Kumar Gyawali, On behalf of Horasis, I would like to thank Minister for Foreign Affairs, Nepal stated all delegates for their efforts in contributing the region has high potentials for the future, to the constructive dialogue as a corner - though presently depressed by the on-set of stone to unite, inspire be creative for our COVID. And Abdullah Sahid, Minister of future well-being. Foreign Affairs, Maldives noted the struggles of the Maldives tourist industry that is a The First Horasis Extraordinary Meeting big contributor to its GDP, as are reduced was a unique experience which would not remittances (cut by the global COVID lock- have been possible without the dedication downs). To overcome some of the unrest he and enthusiasm of our partners across the noted communications with citizens is very world. Please find detailed coverage of all important to get the peoples to realize the the panels and plenaries in the Summary enormity of COVID’s reach. of the Meeting which was compiled by IE Uni versity – it holds many clues to chan- The aftermath of the COVID-19 pandemic ging the world for the better, and I hope it will take years to clear – partly as trust inspires you. between citizens and their governments has faltered, as has the trust between former The Second Horasis Extraordinary Meeting partners along supply chains. Delegates on 18 March 2021 will focus on the Uni ted discussed potential solutions for disruption States. 500 members of the Horasis Visions and proposed new ‘new-normal’ routes to Community (including several senior U.S. sustainable actions on global and local levels. public figures) will gather virtually to dis - Above all, suggested Roshni Nadar cuss and shape the vision of the new U.S. Malhotra, Chairperson, HCL Corpora tion administration. Ltd., India global businesses are ready to cooperate with the public sector and inter - Hopefully we all can influence decision national organizations to confront and solve makers to take personal responsibility to the COVID-19 pandemic and to rebuild drive the future to be more sustainable, our economies. better governed, and less divisive.

10 Summary

By IE University

Welcome Address by Antonio Guterres Frank-Jürgen Richter, Chairman at Horasis welcomed Antonio Guterres, United Nations Secretary-General. Mr. Guterres highlighted how the COVID-19 virus has been the greatest global test since Bernardo Correa de Barros, President, Visit Cascais, Portugal, the foundation of the United Nations. He announcing the Horasis Global Meeting stressed on the initiatives undertaken by the United Nations to fight the virus; push for purpose of making profits but should be rescue packages for the most vulnerable everyone’s property.’ Michelle Bachelet, countries and development of an affordable United Nations High Commissioner for “people’s” vaccine. Mr. Guterres also shared Human Rights, Switzerland further empha - how COVID-19 has been a wake-up call sised the need to overcome COVID and to for bigger challenges facing us, like climate regenerate support for inequality across change, and the need for us to embrace re - the globe. In vulnerable societies this must newable energy to achieve net-zero emis sions arise from strong social protection of all by 2050. He concluded with his invitation individuals, especially women and children to all partners to work together to build a who are often the most deprived. world of peace, dignity and sustainable development. Futurist Panel: Are we at an Evolutionary Moment? Opening Plenary: Since 2020 has been a catalyst of sorts, the Unite. Inspire. Create. panel discussed what the future holds for Global accords have been broken by edict at us. Kishore Mahbubani, Distinguished a time when nations need to unite and fight Fellow, Asia Research Institute at the Na - common battles – and to ultimately combat tio nal University of Singapore, felt three COVID-19 for equitable growth and secu rity. tectonic shifts should be dealt with for the Axel Threlfall, Editor-at-Large, Reuters, 21st century – power transition from the UK, opened the conversation on Unite West to the East; strengthening of global Inspire. Hage G. Geingob, President of governance, institutions, and global prob - Namibia, Namibia, mentioned that we need lems. Vaira Vike-Freiberga, former to be creative in the way we manage our President of the Republic of Latvia, and systems, governance and nation-building by Nina Angelovska, Former Finance collaborating and acting as one community. Minister, Macedonia, felt that the speed of He mentioned that by declaring a state of evolution has increased due to COVID 19. emergency they were able to manage the Francisco J. Sanchez, Founder Chair - systems since the transportation was closed man, CNS Global Consulting, added that down. He quoted, ‘Vaccines in the making technology will generate positive outcomes, should not be business as usual for the in terms of nutrition and sustainability.

11 Futurist Panel – Are we at an Evolutionary Moment?

All panelists also agreed that technology resources. Oki Matsumoto, Chairman, will alleviate the digital and economic Monex Group, Japan, mentioned that for divide present between social classes. economic recovery, it is important to collec - tively change the regulations to fit the post z environment. Francisco G. Dakila, Deputy Revitalizing Economic Growth Governor, Central Bank of the Philippines, Martina Fuchs, Anchor, China Global mentioned that the Philippines is working Television Network (CGTN), UK opened to accelerate the digital use for payments the conversation on Revitalising Economic and boost the domestic economy. Growth by introducing herself and panelist. Sujata Koirala, Former Deputy Prime Minister, Nepal, mentioned that there is a The Changing World forecast that the year 2021 would see par- of E-commerce tial economic recovery and that the recovery Tina Mani, CEO, Yfret, USA, started the period would depend upon the resumption discussion by mentioning 2 major scena rios: of healthcare facilities backed by adequate 1. Businesses going digital 2.The avail abi lity of products has been hampered. Thus, the local stores in the areas were able to serve customers better more than an online delive ry business. Brendon Dennewill, CEO, Denamico Inc, USA added that B2B relations have shifted to the digital mode thus becoming disruptive. Sherry Roberts, Founder, and CEO, The Longest Stay, UK shared her experience of interior consulting and creating shoppable hotels. Sandi Ceško˘ , Co-founder, Studio Moderna, Slovenia mentioned that 30 % of total retail is done via e-commerce. Fahim Naim, Founder, eShopportunity, USA, concluded by talking about how brands need to be aware of ad mechanisms on various digital platforms. Sidharth Nath Singh, Minister for Export and Investment Promotion, Uttar Pradesh

12 Panel ‘The Power of the Media and Influencers’ Axel Threlfall, Editor-at-Large, Reuters, chairing the opening plenary

The Power of the Media experience accordingly which would help and Influencers them retain and gain new customers. On Media is the most powerful sector of the the flip side of digitizing, the empathy economy but the majority of the media is factor is reducing due to lack of human highly influenced and biased. The main touch which happens to be the core of question which arises is how do we teach customer experience. The companies which media literacy and who is responsible for can remodel their customer experience the circulation of false information. There around empathy would win in this is no standard of ethics for reporting. As digitizing world. media has a global impact, we need to create an internationally accepted benchmark for ethics that can get monitored and support Future-proofing the Business this flow of information. Media also This discussion was on how to deal with the diminishes our capacity for reasoning and new environment and new way of doing analyzing. ‘People are learning how to business in every practical field. The panel inter pret the brief but not necessarily have was moderated by Henry Shterenberg, opinions about the brief,’ said Maxim Jago, CEO, Global Transformation Platform, Independent Filmmaker, UK. So, it comes Ukraine. The main discussion was on how down to educating our community so that people will change the way they do things they can learn to dissect the information. and how one must execute human resources, given the current pandemic. Responding to this, Meriem Kebiri, Founder, Pivoting your Businesses Mkonsult – Turnaround and Restructuring, The main focus of this discussion was poin - Tunisia, spoke of 2 major criteria; One ting out the importance of how pivoting being cash, i.e. how much cash one has and businesses should be on the digital infra - which industry they are in. On the other structure. All the speakers agreed to give hand, what matters is the financial situa tion that the highest priority going forward. The of that person. She concluded by saying world is becoming more mobile. Considering that everyone will have to be agile now. this, with the data-driven approach, the businesses should customize their customer

13 Martina Fuchs, Anchor, China Global Television Network (CGTN) Shariar Alam, Minister of State Uwe Michel, Executive Vice President, for Foreign Affairs, Bangladesh Allianz, Germany

Sustainable Brands in the Wake holding open house sessions to discuss the of COVID-19 developments in this space and has been The session, chaired by Thomas Eymond- discussing the benefits of vaccination, also Laritaz, CEO, Highgate, UK, mainly deba - incorporating the principles of equity, ted on the survival of the sustainable brands justice, and fairness into the vaccine distri - in the COVID and post-COVID era and the bution process. impact of the crisis on them. COVID has majorly impacted the travel industry, but Celebrating Diversity, Sonu Shivdasani, CEO, Soneva, Thai land, sees this as an opportunity for change. He Spurring Innovation said that although people have found ways The panelists all agreed that the world to compensate for the corporate trips by post-COVID should think about inclusions conducting virtual meetings, leisure travel rather than exclusions, potential rather than is still something that won’t fade away in the limitations, and appreciation rather than future, especially for the travelers from the tolerance. Diversity was defined as a collec - urban environment. tive mixture of differences and similarities and Inclusion was defined as the achieve ment of an environment in which all individuals Vaccination Availability post-COVID are treated fairly and respectfully. The panel started the discussion by refer - Numerous studies have also shown that the William Haseltine, ring to trials that are coming out really fast. Return on Investment of diversity and in - Founder and Chairman, Phase 1 and 2 data results looked optimistic. clusion has been really high, but the real ACCESS Health International The entire panel was cautiously optimistic question is to not only look at figures but about the treatment in general. From an also look at the productivity of employees investment perspective, opportunities have when an employer is open and willing to dried up due to COVID, but a vaccine have these principles imbibed in their values. would bring things back to normal swiftly. The increase in productivity will directly The healthcare ecosystem will have matured lead to an increase in innovation. when the COVID vaccine comes out. It will also once again open doors for globaliza tion. The CDC advisory committee has been

14 ced technology is creating unemployment and closing economies. COVID 19 ensured smooth communication to keep the world going. Panelist Mustafa Ergen, Founder, Ambeent, Turkey, said that the Internet and communication platforms will play a big role in keeping the world connected and creating social impact. Easy access to simple technology (laptops, internet, smart phones, etc.) is a key for rapid development.

China and its New Economy

Panel ‘Leveraging Technology for Social Impact’ Uwe Michel, Executive VP, Allianz, Ger - many, opened the discussion talking about the current challenges faced by the world due to the pandemic. He mentioned that A Deepening of the China has a V shaped recovery, especially in Mental Health Crisis the manufacturing sector. Anthony Chan, The COVID lockdown has increased per - Chairman, Gretchen, Hong Kong, said, sonal and professional stress. The topic of ‘China is moving towards advanced edu ca - mental health as agreed by all the panelists tion and is providing a world-class education is very important to the context of the to its students.’ Chen Tianmei, Founder, COVID-19 pandemic. Lene Søvold, Cosmic Citizens, China, mentioned that Clinical Psychologist, Norway, started off by China used the pandemic to pivot its busi - giving interesting statistics on the effect of ness model and adapt to the new normal. the current pandemic on the mental health of Ikram Sehgal, Chairman, Pathfinder people. Anton Grech, Chairman, Mental Group, Pakistan, said ‘the corridor that Health Services, Malta, followed up by ex - China has built via Pakistan into UAE and plaining why it has become an even bigger Europe is going to help China become a crisis in the current pandemic. He mentioned supreme power soon.’ Li Xu, Founder, Li factors like increased isolation, limiting the Xu International, USA, said, ‘China will be social network, etc. Anil Thapliyal, CEO a market leader in the same space.’ HealthTRx, New Zealand, is the most comprehensive, and gave a 5 point action plan to ensure better mental health. Collapse or Regeneration of World Trade The panel discussed the status of world trade Leveraging Technology during the pandemic and how countries for Social Impact could prosper beyond pre-pandemic levels. Technology is a driver of change but it Sidharth Nath Singh, Trade and Export needs to serve the greater public good. Minister, UP, India, felt that economic and Everyone lives in a hyper-connected and trade balances must be restored and weaker digitized world. However, there are many economies are allowed to grow without underdeveloped places which can be bought just a few countries dominating the world. at par with the rest of the world using tech - Lisa McAuley, CEO, Global Trade Pro - nology. Communication and technology are fes sional Alliance, Australia, said, ‘World key for that to happen. Robotic and advan - trade recovery post-COVID will require

15 innovative ways of thinking but so will re- storing and transforming it fundamentally, and that’s where WTO’s role will be vital.’ Yonov Fred Agah, Deputy Director- Gene ral WTO, Switzerland, said that coun - tries must first handle the health effects of COVID-19. Later, international cooperation and multilateral approaches can be used to find solutions for economic recovery.

Fair Taxation for All Francis Wong, MD, Encounter Australia, commenced the discussion by introducing Yonov Fred Agah, Deputy Director-General, Kishore Mahbubani, Distinguished Fellow, Asia the concepts of taxation. He also spoke World Trade Organization (WTO) Research Institute, National University of Singapore about the government stimulus provided globally. Panelist Paul Tang, Member, Rock Lake Partners, Switzerland mentioned European Parliament, EU, said that the that, whether a goal, short or long term, de - focus in the future is going to be on the pends upon perspectives. Sudhir Sharma, people who pay and don’t pay the taxes. Chairman, Mitkat Advisory Services, India, Gustavo L Ghory, Chairman, Smarter - mentioned that there is no dichotomy chains, Switzerland, said that taxation plays between Long- and Short-termism. an interesting role in establishing supply chains. Toshihiro Toyoshima, CEO, Mercuria Investment Co, Japan, spoke about Corporate Strategies in the tax issues from the world bank. From the Digital Pandemized Age corporate tax viewpoint, he spoke about Goods are created and delivered via a digital having a multi-jurisdiction. mesh of lean, fast associations of producers, logistics, and FinTech firms across the globe connected in real-time each gaining value Balancing Long- and Short-termism added income. All the speakers agreed that Moderator Angela Beardsley, Founder, the pandemic is changing the outlook of Resonate Together, UK opened the conver sa - people and businesses. This situation is tion on balancing long- and short-termism. affecting different industries differently. Pamela Mar, Executive VP, Fung Academy, There is also a belief that the problems Hong Kong, highlighted a need to offer arising from this situation will be solved in a incentives to the powerful who can take phased manner. This will require businesses decisions related to carbon pricing, value- to change the way they manage risks. Busi- chain up-gradation and make industries nesses can use the pandemic as an oppor tu - digital-ready. Peter Armand, Founder and nity and move towards digitizing by using Chief Financial Officer, RuGeeks, Russia, the latest technology like Virtual Reality to agreed that technology can minimize the move towards a borderless world. long- and short-term gap and promote sustainability. Felix Schubert, Executive Chairman, Infrontier, UK, highlighted the Future Role of the Digital Leader importance of short term reporting since Business leaders need to think about digital growing companies need both close super - in the age of COVID-19. They must build vision and support. John Cook, Chairman, organizations that embrace change and ma na-

16 Family Business – How to Shape the next Chapter post-COVID Helen Clark, Former UNDP Administrator, Former Prime Minister, New Zealand

ge them effectively. The world is be co ming Founding Director, Hub Culture, UK ended a digital economy. Though digitization is the discussion by talking about the transpa - leaving many jobless, it is creating new kinds rency of data ownership and privacy. of jobs. Hence, it is necessary for modern leaders to have new qualities for becoming a digital leader. The panelist emphasized Family Business: How to Shape the on a few key traits important: 1) Digital next Chapter post-COVID? literacy, 2) Communication, 3) Cultural In this discussion, the panelist spoke about awareness, 4) Adaptability and Agility, and how, by the 3rd generation, the majority of 5) Decisiveness. The Speakers also men - a family’s wealth gets lost, as younger ge - tioned that the world will start investing nerations’ values disintegrate, lack the all- heavily on Robotics and AI integration important work ethic or seek to imple ment henceforth that might weaken the social side new non-traditional investment strategies; of people. Thus, an emphasis on empathy strategies that are more aligned with millen - becomes imperative. nials mindsets. As a result of the crisis, the users have become more sensitive towards sustainable brands and practices and are in cli - Owning Your Data Is ned towards ensuring that their actions have Owning Your Future lesser negative impacts on the environment. In this discussion, the speakers talked about the relationship between people and data, Equitable Development and data management. Patrick Lynch, Clinical Assistant Professor of Analytics and of South-East Asia Leadership, Thunderbird School of Global The discussion highlighted the fact that, in Management, USA, said that one must look the wake of the Coronavirus pandemic, at all data as personal data and only provide brands need to be even more prepared with data to companies that they truly trust. their crisis management strategies to survive USA, Europe and China are considered the and secure themselves. This, however, not three big data universals. Interesting points just applies to the COVID situation, but were made on how trust is a perception and also to the ever-changing world. The most people want to protect data in different important thing that’ll help brands sustain in ways. The moderator, Stan Stalnaker, the future and keep themselves rooted to Jane Wurwand, Founder, Dermalogica, USA

17 The Development of New Tech in a COVID World Abdullah Sahid, Minister of Foreign Affairs, Esko Aho, Former Prime Minister of Finland Maldives

sustainable practice would be to understand bucketed into 4 main groups – the first their purpose of existence and make it more group really accelerated, the second group meaningful. boomed but stabilized to continue the stag - nant phase, the third group is undergoing a ‘V’ shape rebound, and the last group is Progress on global undergoing a ‘U’ shape rebound. Overall, UN commitments the online habit, across all industries, has During the discussion on ‘Progress on global accelerated by 1-2 years. Traditional com - UN commitments’, the panel opined that pa nies had to become more nimble during this COVID pandemic should be utilized by the pandemic times, to foster new tech and countries to work on sustainable develop - innovation. Some limitations of developing ment goals. The private sectors should be new technology in these times include well- ready to collaborate with governments in designed schemes for individual contributors these times. There are some great leaders to showcase their skills. Open innovation is in the world that care about humanity and a situation since collaboration is a challenge, UN commitments but the changes need to even though the engagement levels could be come at scale. The Paris Agreement needs to kept high. be aligned with the world’s carbon neu trali - ty goal by 2050. COVID-19 had temporarily reduced the number of emissions in the Developing an world, but various reports suggest that entrepreneurial spirit these numbers have started rebounding. This discussion began with all the panelists Countries have to find synergies and start and the moderator mentioning the role they acting as one world, post COVID, to sus - are playing in the entrepreneurial ecosystem tainably achieve goals at the global level. and how they are connected to it. They then further went on to discuss how in deve lo - ping countries there is a need for greater The Development of New Tech access to capital and change in culture. The in a COVID world session ended with everyone giving their Technology has always been developed by closing remarks. The panelists unanimously firms geographically dispersed. The impact agreed that there is a need to build higher on business during COVID times can be entrepreneurial capabilities. Eva-Lotta Sjöstedt, Member of the Supervisory Board, Metro, Germany

18 Mohamed Amersi, Founder, Amersi Foundation, UK, Hassan Sheikh Mohamud, Former President Nik Gowing, Founder and Director, Thinking the Unthinkable chairing a panel of Somalia

Laura Walker Lee, Founder, Madre Water: The Innovation Imperative Ventures, USA, emphasized on the need for Sundeep Waslekar, President, Strategic more CSR to increase awareness and have Foresight Group, India, started the dis cus - more women in the pool to have more sion by speaking about the growing concern women-focused solutions. Madan Padaki, of water scarcity in the world. Vedika Co-founder, GAME, India, said his mission is Bhandarkar, Chief Global Impact Officer, to create a mass entrepreneurs’ move ment in water.org, USA, explained how her orga - India and globally. He believes that this can ni zation provides financial solutions to happen only with a collaborative approach. households to build their water facility. Mass entrepreneurship, mentoring, peer to Nicholas Parker, Chairman, Parker peer learning, and bridging the gender gap Management Venture Inc, Canada said that were the essence of the discussion. water has underperformed in getting in vest - ment unlike other clean energy sources and that one must focus on embedded water and Competing in leaderless world monitor their consumption. Ravi Sewak, The panel discussed leadership, its chal len - Director, Safe Water Network, India, added ges and how to combat them. Mariana that after the water facility is built, it must Todorova, Founder CEO, DG-Agora 2.0, be maintained by locals to avoid disruption Bulgaria, felt that there is a need for a in supply. He adds that technology like AI para digm shift in terms of leadership and must be deployed to understand trends and governance, including decentralization, de - for preventive maintenance. mo cratization and digitalization. Mu Qiao, Founder, WANMU Education, China, was of the opinion that technology helped the Everywhere entrepreneurship businesses stay competitive with employees In this discussion, the panelists opined that being autonomous during these challenging the world needs more resilient entrepre - times. It was inferred that there is a need for neurs for sustainable development, especially visionary leaders who can stand up during in developing countries. There is a gender times of crisis. Bo Inge Anderson, Pre - gap globally in the leadership structure for sident, Yazaki Europe and Africa, North and the many organizations which need to be Central America, said that close coordina - bridged. Talking about gender parity, tion and cooperation with employees,

19 Antonio Vitorino, Director General, Ernest Bai Koroma, Former President of Sierra Leone International Organization for Migration (IOM)

customers, governments could set apart be at the core of the next business wave.’ successful leaders. The panel concluded with acknowledging that cybersecurity and availability of human resources were the key risks in pursuing a Developing Digital Prowess digital strategy. The panel discussion focused on the impor - tance of digital transformation in today’s world and how despite COVID, businesses Nurturing inclusive leadership could be inter-connected and how strategic The discussion was opened by Nik Gowing, partnerships can be built. The panelists Founder, Thinking the Unthinkable, UK, covered important points like the signifi - asking, ‘What is inclusive leadership?’ The cance of technology in keeping businesses panelists had varied views with Rania Al going and the strong role it’s playing in Mashat, Minister of International Coope - making key advancements. As Silvano ra tion, Egypt, emphasizing that inclusive Coletti, CEO, Chelonia Applied Science, leadership is about being aware and taking Switzerland, mentioned, ‘Today, we are care of all stakeholders who, today, want to able to screen 500 bln molecules in a few be part of the narrative. Interestingly, an hours because of AI and supercomputers. inclusive leader works on the principles of This would have otherwise taken months, the 4Cs- Competence, Connections, Con - if not years. Thus, digital revolution will fidence, and Charm. António Vitorino, Director General, International Organiza - tion for Migration (IOM), Switzerland concluded that there is a need for leadership that fosters cooperation and to not be complacent.

The Arts Supporting Leadership Transformations Alistair Hicks, Writer and Art Curator, UK opened the discussion speaking about how COVID-19 has instilled fear in all and Michelle Nunn, President and Chief Executive Officer, CARE, USA

20 about how family businesses are being opportunistic and aware of uncertainties. Asher Noor said that investments have always been uncertain irrespective of the pandemic. George Kanaan, CEO, Arab Bankers Association, UK said that the issue of uncertainty is far deeper because of Brexit and the political breakdown in the USA.

The Benefits of Managed Philanthropy Philanthropy is like any other business, its Antonio Vitorino, Director General, IOM; Rania A. Al-Mashat, Minister of International Cooperation, application and results must be measured Egypt with session chair Nik Gowing and judged. This need is greater than ever post-COVID. The purpose of philanthropy has been feeding the content for the media. has always been to improve the wellbeing Carla Riggi, Founder, BandDjinni, USA, of humankind. COVID-19 has driven this spoke about how their plan of promoting sector to rise to community based rapid local music through small concerts and response funds and development of diag - business events was hampered due to the nostics and vaccines. Philanthropy has been pandemic and how musicians ran out of showing up to flatten the curve for short term business. This led to the creation of a web and address the equities over the long term. community similar for local music. Neil ‘We can involve embassies not for their Lawson-May, Joint Chief Executive, money but for their influence to encourage Palatium Investment Management, UK, the private sectors to be involved in this speaking about his experience of building a charity programs’ said Grace Sabandar, sculpture park in Birmingham said that the CEO, Global Business Services, Indonesia. public arts there is traditional. Zhuolin Managed philanthropy has the ability to drive Huang, Founder, Pusihui – Female Entre - innovation and longevity of the organization. pre neur Organization, China, spoke about the challenges women entrepreneurs in China faced during the pandemic. Where are we at? Where are we going? Richard Lister, Writer and Broadcaster, Family Offices: Investing UK, opened the conversation by intro du cing in Face of Pandemic Risk himself and the panelist. Jacob Sotiriadis, Ian Morgan, Head of Transactions, Chief Futurist, United States Air Force, USA iWestcore Europe, UK, began by speaking mentioned that there is need to evaluate about his background in private equity and how different future scenarios will play out real estate. Asher Noor, CIO, Al Touq in case of pandemic disruption and how Group, Saudi Arabia, spoke about his ex - thinking and analysis would impact national periences in handling private equity of a security strategies. Nikhil Seth, Exe cu ti - second-generation family business. Peter ve Director, United Nations Institute for Aylwin, Director, Aetos Limited, UK, Training and Research, Switzerland men- spoke about his tenure at CITI bank. tio ned that we are responding and antici - Aitua O Ekhaese, Managing Partner, pating things in relation to the pandemic North Hill Advisory Partners, UK, spoke crisis and we should be prepared for

21 Ranil Wickremesinghe, Former Prime Minister, Sri Lanka Nikhil Seth, Executive Director, United Nations Institute for Training and Research, Switzerland

Austerity or Plenty – Weathering uncertainty. Ranil Wickremesinghe, Former Prime Minister, Sri Lanka com men- the Economic Crisis ted that the disconnect between economic Across the globe, central banks are pressing globalization and global political order which cash into their economies to support the has been fast-tracked by COVID-19 needs economic downturn caused by COVID. to be tackled first since every person in the The speakers said that the GDP of many globe is being impacted. countries has been set back by 10-20 years. The banks and financial institutions have also lost their market value by almost half Millennials and Generation-Z: during this pandemic. Thus it is important Shaping the Far Future for the governments to intervene. It is not The Millennials and Gen-Z will soon com - just about injecting money into the economy prise two-thirds of the global workforce, but governments must provide the money but their COVID-caused loss of education to the people actually in need and ensure and employment will reduce their potential. that the banks fund the sectors like tourism, To support and inspire the Millennials and that need money to get back on its feet. the Gen Z(MGZ), the current leaders Furthermore, the governments should also must understand the minds of MGZ. The adjust the tax regime so as to ensure equal speakers mentioned that the MGZ have impact sector-wise. grown up with choice, adapt quickly, love to learn new things; which means they Annette Nijs, Former Cabinet constantly look for challenges and give a lot Global Solidarity: Impact of Minister for Education, Science of importance to sustainability. However, not Sports and Culture, The Netherlands many like to lead. To tackle this, the modern While individuals steer uprisings, it is sports leaders must change their leadership style that emphasize it by its immediacy world - according to the MGZs. Finally, the speakers wide. This discussion on the ‘Impact of mentioned the main traits of Compassion, Sports’ was moderated by Niraj Sharan, Unity, Collaboration and Empathy, for a CEO, Aura, India. Niraj asked Abhinav leader to inspire the MGZs. Bindra, Olympic Gold Medalist, India, how sports helped to shape his character over time. He replied saying that sports

22 Hans-Peter Friedrich, Vice-President, Sanjay Poonen, Chief Operating Officer, Roshni Nadar Malhotra, Chairperson, HCL Corporation Ltd., India German Bundestag, Germany VMware, USA

taught him how to win and how to lose. The New Unicorn Ventures It taught him how to play by the rules, to The ‘Unicorn’ concept is still young, even in work hard with integrity and honesty, and a post-COVID world. The panel discussed to chase a goal. Niraj said that in today’s how we are living in an era of innovation time everybody is stressed and went on to that requires businesses to rethink their discuss the pains athletes experience during business models which in turn creates lots this pandemic. The speakers then spoke of new opportunities for the general public. about the Olympic games that have been We need to look at such companies that postponed to 2021. achieve the ‘unicorn’ status because of the inherent nature of business. COVID has had mixed results on new age unicorn ventures. Artificial Intelligence It has helped drive digital megatrends and as a Force for Good on the other hand also taken down a lot of Artificial Intelligence alone cannot complete companies which faced consumption level diverse tasks. It has to be trained in a specific challenges. The goal for any venture should action domain and its training is subject to be to keep improving the core product human bias. Gurvinder Ahluwalia, offering to really address a core problem CEO, Digital Twin Labs, USA began by and improve the lives of others. discussing some positive and negative pro - vo cations, like the impact on jobs due to automation, the impact of taxes on different Stronger Together as Us not Them job sectors, and also the criminal injustice, Too often we have a divisive us/them pitted that are a result of AI. The speakers high - against each other, but we are stronger lighted how voice recognition, health care when we unite and work together. The reports, cybersecurity, and facial expressions unfortunate trend in the last few years has recognition are used to make automated de ci - been to look inward rather than outward sions in different industries. They opined that for all problem-solving. This trend seems to AI is improving and becoming more human- continue post-COVID. The speakers of the like but is still in the developing phase and panel agreed to the fact that a pandemic of needs to improve further to make it un biased such sorts should be tackled with help from for making ethically fair decisions. all the countries together. We are living in

Harry Hui, Founder and Managing Partner, ClearVue Partners, China

23 Murat Seitnepesov, Chairman, Caspian Week, making a point Panel ‘Covid Pandemic and the Force of Impact Investing’

a time where people have to focus both on Reconstructing our Supply Chains individual and group reflections. Today, all Our supply chains have been broken by the issues have become political in nature, COVID pandemic, by the de-globalization which has superseded the root cause of the efforts of populist actions, and by conflicted problems. Leaders must realize that now is global leadership – we must again rebuild. the time to support each other. The session started with all of the panelists briefly mentioning about their backgrounds and how they are related to the Supply The Greater Caspian Region: Chain world. Then the discussion started Spearheading Shared Leadership with focusing on what if Supply chains are The Greater Caspian Region has always broken in the context of the current normal. been at the crossroads of geopolitical and The broad consensus was that supply chains economic interests of a number of major are constantly evolving and are bending powers. Murat Seitnepesov, Chairman, rather than being broken. The discussion Caspian Week, Switzerland, started the ses - ended with panelists discussing issues for sion by explaining what the Greater Caspian the SMEs in the constantly evolving world. Region refers to. Vladimir Kotenev, Managing Director, Eurusian Strategic Consulting, Germany, started talking about Being Competitive breeds the relationship between Uzbekistan and Economic Leadership the Caspian region. He also mentioned the Being a leader comes from a sense of com - liberalization and market economic prin - petitiveness and following through new cip les that his country has been adopting. ideas offering better economic values. All Matthew Bryza, Senior Fellow, Former the panelists were of the belief that in times Deputy Assistant Secretary of State, Atlantic of crisis, leaders must show empathy and Council, USA, talked about the geo political every person must be heard. During the activities in the region. He holds a positive pandemic female leaders have done a great outlook towards the region. The discussion job. They all believed that to overcome the ended with a panelist mentioning that the challenges of the pandemic, public and relationship with the South Asian region is private partnerships must be strengthened. increasing and the need for the same. Politicians have also shown great leadership during COVID-19. All speakers opined that

24 developed nations and developing nations Tariq Ahmed Nizami, Founder & CEO, must work together to overcome the virus CEO Clubs Network Worldwide,UAE, which has bought the entire world to their rightfully concluded, ‘COVID 19 has been a knees. Technology will play a key role to re - wakeup call which required us to go back to vamp all the economic and business models. the drawing board and rethink our strategies.’

COVID Pandemic and the Force The Potentials for South Asia of Impact Investing All nations across South Asia have been The lockdown chaos has altered the invest - battered by the COVID-19 pandemic as well ment landscape but impact investment as by geopolitical tension. Nevertheless, they continues. Opening the discussion, Leon offer hope for the world if they succeed in Toh, Executive Director, Damsen Capital, mutually beneficial growth. COVID-19 has Singapore said, ‘Impact investing, today, is spared no one, not even nations’ organi - about standing up for something instead of sations such as SAARC, affecting people’s against, to enable change and empower - life and government policies both. With ment.’ ‘There is a need for an overhaul of over 3 decades after formation of SAARC, economic and investment models to survive the growth has been abysmal considering the pandemics such as COVID 19, with a global population this region amasses. Collectively ESG standards benchmark for impact in - cooperation from friends, and belief in our vesting. Also, aside from the regular impact own people is required to look for collective investors, religious entities are becoming a good. With channels like communication key investor segment’, said Ben Banerjee, and transportations that need to be built President and Co-Founder, SIIA, Switzer - faster, many unrealised potentials will bring Navroop Sahdev, Founder land. Finally, all panelists agreed that there prosperity by boosting many sectors such as and Chief Executive Officer, is enough supply of funds to meet the energy, agriculture, and people’s happiness. The Digital Economist demand for impact investments and to create a level playing field and encourage impact investments. Developing leadership and inspiration Global leaders are reluctant to inspire others Business Toughness to join in mutually beneficial ven tures: na - During COVID-19 tio nalism and protectionism. The panelists Strategic management is being tested during started by pointing out that the bigger dis - the unique COVID pandemic, and many cussions should happen around a country’s firms demand more cash to be available to J. D. Gordon, Former Pentagon make their regular activities more resilient. Spokesperson, USA The panel focused on how businesses have coped with disruption brought about by COVID 19. The panelists agreed that it was important for companies to instill a sense of safety and security amongst employees whilst working closely with their customers. The discussion on the role of governments in supporting businesses revealed that govern ments have tried to respond actively to the situation with policies and reforms. However, there is a need to do more. Amos Sawyer, Former President Tariq Ahmed Nizami, Founder & CEO, of Liberia CEO Clubs Network Worldwide, UAE

25 Keynote by Martin Wolf, Chief Economics Commentator, Binod K. Chaudhary, Chairman, Chaudhary Group, Tatiana Valovaya, Director-General, Financial Times Nepal, chairing the plenary on South Asia United Nations Office at Geneva

economy and not politics. Politics should and create synergies in addressing SDG(s). enable people to make the right decisions Tatiana Valovaya, Director-General, for any country’s economy. The develop- United Nations Office at Geneva, Switzer - ment would happen through econo mics, land mentioned that pandemic was a wake up bringing people together, and making life call and that we need SDG(s) more than ever. easier. Politicians generally put nationalism in front of other issues to cover up poor economic facts and development. However, Plenary: Why we Must Think people should understand these cues and as Citizens work upon it. Global leaders should focus Martin Wolf, Chief Economics Commen - on priorities for the economy and leave tator, UK, began by saying, ‘I believe in the out politics from the play to reap the best power of markets in economic globalization possible fruits for the citizens of the world. and in the western legacy of democracy. There has been a rise in populism and terrorism even in the core western coun - Plenary: The Global Imperative tries and this is in no way independent of the – How to Achieve the SDGs? effect on our economies.’ He further added The UN Sustainable Development Goals that the response to any economic crisis, (SDGs) were adopted to protect the planet will always unjustly bail out the financially and mankind. Rosalind Mathieson, strong and leave behind the rest to suffer. Execu tive Editor, International Govern - ‘In thinking of ourselves or companies ment, Bloomberg News, UK opened the solely from a profits’ point of view, the conversa tion by mentioning how countries underlying values of a shared civic life will globally are tackling SDG(s) during the collapse. Thus we must think of ourselves pandemic. Carmelo Abela, Minister as citizens and make wiser decisions for the Within the Office of the Prime Minister, welfare of our society.’ Malta mentioned that solutions for issues like job creation ,socio-economic growth, and implementation of SDG should go hand Global Coordination to Conquer the Effects of COVID in hand. Ibrahima Guimba-Saidou, Special Advisor to the President of Niger, This discussion was held to understand Niger mentioned that they are focussed on how the globe is coordinating during the leveraging technology to optimise resources pande mic and what needs to improve.

26 Rosalind Mathieson, Executive Editor, Carmelo Abela, Minister Within the Office Senida Mesi, Deputy Chair European Integration Committee International Government, Bloomberg News, of the Prime Minister, Malta of Parliament, Former Deputy Prime Minister, Albania chairing a plenary panel Vicente Abad, CEO, Romantic Capital, and socially inclusive and build an ecosystem Spain, informed that there is a lack of global where health is kept paramount. Mridula coordination. Leaders must effectively handle Ramesh, Founder, Sundaram Climate In - the healthcare and the economic crisis, and sti tute, India, said we need to act locally to come up with sustainable solutions that change globally. Sein-Way Tan, Chairman, benefit the entire world. Jayesh Ranjan, Green World City, Australia spoke about Principal Secretary, Government of how he advises governments around the Telangana, India spoke about the immunisa - world to conduct green initiatives like pre - tion and distribution strategy of the vaccine. serving biodiversity or sustainably using Hedwige Nuyens, MD of the Internatio - the land. nal Banking Federation UK, spoke about how the banking industry is playing a positive role, especially after shifting to digital platforms. Building Peace Christoph Stueckelberger, Founder, Ahmad Wali Masoud, Chairman, Globethics.net Foundation, Switzer land, Massoud Foundation, Afghanistan, opened highlighted how the UN and other global the discussion highlighting the importance institutions failed to protect economies of peace. He said that, due to political during the pandemic. rivalry, Afghanistan hasn’t had peace since years. However with the help of the world community, he believes peace will settle. Social Investment for Competitive Canon Sarah Snyder, Archbishop of Green Economies Canterbury’s Adviser for Reconciliation, Senida Mesi, Member of Parliament, UK, suggested we must accept people Albania began talking about how we as a under going disruptive times, understand society must contribute to the recovery of their differences and devise collaborative the world. Governments too invest in people strategies to attain sustainable peace. skills and improve communities intellec tu ally. Sekai Holland, Chairperson of Board of Green economies are a huge opportunity Trustees, Zimbabwe Peacebuilding Initia - and governments should invest more in such tive, Zimbabwe, stated that in Zimbabwe, projects. Ingrid Rodriguez, Founder, the impact of COVID-19 has resulted in Eikonic, Australia, said that the world should conducting peace-builder programs. get back to an economy which is greener Faisal Bin Muaammar, Secretary Ge ne ral, Manish Kothari, President, SRI International

27 Ólafur Ragnar Grimsson, Former President of Iceland, Faisal Bin Muaammar, Secretary General, Rt Hon The Lord Barker of Battle, Executive chairing the plenary Transforming a New Global Awareness KAICIID Dialogue Centre, Austria Chairman, En+ Group

KAICIID Dialogue Centre, Austria, expres - can really pivot quickly. He said that start - sed that peace should be a lifestyle which ups are really like any other business but with can be established by believing that peace newer business models and technologies. is good for humanity. Liesbet Peeters, Managing Partner, Volta Capital, UK, mentioned that in addition to virtual happy hours and team moments, COVID-19: The Elephants being able to build in deliberate moments in the Room throughout the workday is important. New strategic analyses are needed to cope Ivy Ruth Inogada, Founder, Synergistic with unknowns, or events with ‘Elephants Technologies, The Philippines, spoke about in the Room’ having consequences that are how businesses and startups in the imagined but suppressed. The COVID pan - Philippines are trying to move online. demic had demonstrated the interconnected Yoshiki Sasaki, CEO, Japan Strategic nature of our world. This situation showed Capital, Japan, said that the business us how the leaders across the world have environ ment in Japan has been traditional. failed us in the time of pandemic and high - Nevertheless he believes that it will push lighted the flaws of our system. Due to Japanese people to turn to digital modes of lockdown small businesses and the economy working. have been affected. ‘This pandemic has turned out to be the biggest unknown,’ said Digitalization for the Shailendra Goswami, Chairman, Courtney Fingar, Editor-in-chief Pushkaraj Group, India. These times have Economic Recovery FDI, NS Media Group, also shown us how the existing capital system Ganesh Natarajan, Chairman, 5F World, United Kingdom does not work. People need to take this India, opened the discussion speaking about opportunity to reconstruct our society so digital transformation. Lorenz Granrath, that we don’t make the same mistakes. Coordinator, National Institute of Advanced Industrial Science and Technology (AIST), Japan, mentioned that digitalisation will Deriving Ideas for Start-ups change the whole process of conducting Pre-pandemic, startups were really a face activities. He also mentioned that digitali sa - to face activity. Ben Costantini, CEO, tion will help tackle global warming and Startup Sesame, France, opined that startups fluctuations in renewable energy. Usama

28 Adi Ignatius, Editor-in-Chief, Harvard Business Review, chairing the panel in Armenia Lord Karan Bilimoria, President, Confederation of British Industry

UK: Brainstorming on the Future, Fayyad, CEO, Open Insights, USA, mentio ned that the pandemic has shown post-Brexit companies how digitalisation can aid them. The Brexit process, which began in 2016 will Challenges related to internal interaction end by December 2020. In this discussion, too are being solved digitally. Rob Leslie, David Lidington, Former Minister for Founder, Sedicii, Ireland, mentioned that the Cabinet Office, UK, asked the speakers COVID-19 has compelled organizations to where they think the UK currently stands. think about what they need to do together as Baroness Susan Kramer, Member of the customers and citizens to move into fully House of Lords, UK, said it can be possible digital capabilities. Mohit Joshi, President, to invest in jobs. Globally customers want Infosys, UK mentioned that investment in the quality of European countries, in the technology and digitalisation has risen. context of trade industry. Lord Karan Bilimoria, President, Confederation of British Industry, UK, said security benefits Regeneration or Evolution of Cities are good and the UK is a global power. Catherine Carlton, Council Member, ‘Change in Britain is a challenge which we Menlo Park, USA, began the session by always had’, said Jeffries Briginshaw, expressing her thoughts on the importance CEO, Transatlantic Business Britain, UK. of thinking about the positive impacts of Mike Butcher, Editor-at-large, TechCrunch, COVID in cities around the world. The mo - UK, added that investments in the UK must de rator, Sergio A. Fernández, Chair man, be exponential. P3SmartCity & PVBLIC Foundation, USA, asked the panelists how they feel COVID has affected different cities. Interesting Advancing Armenia’s responses were received, from comments Knowledge-based Economy about climate change, digitalization and The discussion was moderated by Mr. education. Digitalization has helped com - Adi Ignatius, Editor-in-Chief, Harvard pa nies make major progress. ‘Smart living’ Business Review, USA, who briefed the is perhaps the new future and individuals panel about Armenia’s GDP growth in 2019 have to be self aware. The most severe which was at 8 % and had it not been for situations have been in the bigger cities. the pandemic, Armenia’s GDP would have

29 Franya E. Cabral-Ruiz, President, Solid Investments Group, Portugal, Pedro Siza Vieira, Minister of Economy, Portugal Cliff Prior, Chief Executive Officer, Global chairing the panel on the African Peace Engineering Corps Steering Group for Impact Investment (GSG)

grown again. The focus in Armenia is to Inspirational Leadership help teenagers be on top of learning and through and beyond COVID-19 technology. Currently, over 40,000 students An inspirational leader serves the needs of are being trained to use high technology to his/her employees, listens, and develops achieve sustainability, help the economy trust. People want world leaders to be grow and invent for the future. Armen authentic. Panellist Emma Arakelyan, Sarkissian, President of Armenia, said Co-founder, Orion Worldwide Innova tions, that Armenia’s future will lie in the hands USA, mentioned that learnings create good of the young generation. leadership potential. Inspirational leaders have to make decisions responsibly and leadership is a lifestyle, more than a Sustainable Development: Unlikely position of responsibility. In COVID times, Collaborators and Innovators inspira tio nal leaders are the ones that are Lou Marinoff, Professor of Philosophy, responsible, change agents, and positive City College of New York, USA, commen- thought leaders. They should inspire by ced the discussion by asking the speakers driving the change. During the pandemic how their organisations have been forging times, leaders have understood core unlikely collaborations in the light of the strengths and weaknesses of their team and pandemic or how they have explored new have supported them through the times. dimensions of the existing collaborations for Inspirational leadership doesn’t necessarily a much needed sustainable development of mean driving big changes but means more William Hobbs, the society. Various speakers pondered upon of driving small changes with consistency, Chief Investment Officer, the importance of collaborations with small integrity and grit. Barclays Investment Solutions business, investments in individual entre - pre neurs to ensure their survival. The rapid digitisation due to the pandemic has also An Avenue for Peace, Security and been helping in providing access and Sustainable Development: The affordability of good products to the rural African Peace Engineering Corps areas. Participation of this sector in the de - Over the past decade, Africa has seen an en - velopment of the economy is key and these couraging shift in global narrative. However, cannot be left behind for a holistic growth. and in spite of the overall progress, there are still significant challenges related to peace

30 Barbara Ann Bernard, Chief Executive Officer, Chris Morris, Senior, Correspondent, BBC News HH Princess Martha Louise of Norway Wincrest Capital, Bahamas

and security. The panel talks about the broad We are Living Longer topic of Collective African Development In the 1900s global life-expectancy was and the role of African Peace Engineering only 31 years, now it exceeds 72 years. Corps in the same. Some interesting thoughts The discussion on ‘We are Living Longer’ were mentioned in the discussion that, started with Kenji Yokoyama, President, African countries are more and more in - Association of Asia Pacific Business Schools, vested in peacekeeping than they had been Japan, giving a brief about the topics in some years before. The panellists discussed discussion. He elaborated on basic facts such the collective way forward and how a joint as the highest life expectancy of people in effort could bring prosperity to Africa as a any country across the world. The discus - whole. sion was carried on by Gary M. Phillips, CEO, OrphoMed Inc, USA, talking about risks of longevity. Tina Woods, Director Strengthening Foreign General, All Party Parliamentary Group for Direct Investment Longevity, UK, talked about non commu - Even before the COVID pandemic, global nicable chronic diseases and to be able to be GDP was falling and thus the appetite for shielded from that. The discussion conclu ded Foreign Direct Investment (FDI). The dis - with Tanya König, Journalist, Switzerland, cussion on ‘Strengthening FDI’ started with reiterating the need for a better social Bindu Dalmia, National Chair person, security system across the world. Committee for Financial Inclusion, Niti Aayog, India, giving a glaring forecast that 40 % of future FDI in the medium term is Rekindling Education Post-COVID expected to be lost which was supposed to Education has seen unprecedented change come to the developing countries otherwise. during the COVID 19 pandemic. Institutions Then the panel continued to discuss the have tried to digitise their curriculum. chal lenges faced by/expected by the de - Mediums such as zoom, google classrooms veloped and developing countries. The panel have become mediums of delivery. Digital also discussed how the countries could transformation strategy is a must to enable overcome the challenges and manage an a smooth transition into this new normal. effective re-calibration of the society and Marklen Konurbaev, Professor, its value chains. Moscow State University, Russia, suggested

31 Spriha Srivastava, Executive Editor for Europe, Business Insider, Special Address by Ulisses Correia e Silva, Prime Minister of Cape Verde charing the plenary on Climate Change Commitments

that tra ditional institutions must focus on a COVID-19 has helped in climate change niche group of students and colleges, and initiatives since people are more conscious vocational institutes on others. This will help about impact of their activities on climate build better quality candidates. India has framed a new education policy and it is revolutionary. A lot of emphasis is put on Plenary: Special Address project based learning. However, in a by Ulisses Correia e Silva country like India it poses several challenges. Ulisses Correia e Silva, Prime Minister, But the intent of the policy is excellent. Cape Verde, spoke about Cape Verde which is a small developing state that has a vast diaspora in the USA, Europe and Africa. Lunch Plenary: Climate Change He mentioned that it is an attractive state Commitments have not Receded for tourists and investors. Investors have a Spriha Srivastava, Executive Editor for huge confidence in the foreign policy of the Europe, Business Insider, UK commenced state due to its location it benefits from the discussion by playing a video message the neighbouring countries. Its currency is from Petteri Taalas, Secretary-General, pegged to the euro.They have a strong World Meteorological Organization, strategic partnership with Europe and are Switzer land. Kirla Echegaray, Minister working on building the relationship further. of Environment, Peru mentioned that Prior to COVID-19 their economy grew at Peru has been taking firm steps to tackle 5 % majority due to private investment. climate change and has executed 154 Also the state spent huge amount of time implementation and adaptation measures and money to build human capital. This has identified by NDC. A higher level led to the constant grow in the economy commission for climate change too, has been put in place he said. Diego Mesa, Minister of Mines and Energy, Colombia Plenary: Special Address mentioned that Columbia has framed a by Juan Guaidó policy matrix to include un con ven tional Speaker Juan Guaido, Interim President sources of renewable energy. He also of Venezuela; President of the National mentioned that they are promo tional Assembly of Venezuela, said COVID-19 sustainable mobility. He stated that brought with it a new normal and exacer -

32 Special Address by Iliana Iotova, Vice President of Bulgaria Ibrahim AlHusseini, Founder, FullCylce, USA

ba ted the friction existing between the Plenary: Celebrating UN 75 – developed and developing nations of the Multilateralism in Times of COVID world. He said the pandemic has revealed To mark its 75th anniversary the United the weaknesses prevalent in the world. He Nation is conducting a global conversation believes one can overcome many challenges across borders. The onset of COVID has only by understanding what lies in front. He brought a new urgency to this conversation, continued to say that lack of basic amenities highlighting even more benefits of multi - has made it very difficult for the workers lateralism. The world stands at pivot point to perform their job correctly. Hence the as COVID 19 continues to challenge us on government is trying to handle this crisis our health system, society and economy. so the work can be carried out properly Meanwhile the impact of climate change is and save Venezuela. More than one million causing slower but greater damage to our citizens have left the country due to the world. Social inequalities and impact of crimes against humanity. digital technology are disrupting and testing the capacity of our institution. These global challenges require global solutions. Inter - Plenary: Special Address na tio nal cooperation is vital for this global by Iliana Iotova challenge. Tackling immediate health chal - During this session, Iliana Iotova, VP of lenges and long-term new challenges of Bulgaria, Bulgaria, said that, ‘Unite’ ‘Inspire’ climate environment, cyber, nuclear and and ‘Create’ are the three main things we as international terrorism is a key role for a community must do to overcome the pan - better future. demic crisis.The reason for the protest for COVID is the lack of trust and we do not have much information.The crisis provided Plenary Keynote: The Signifi cance an X Ray view on the fragility of the inter - of the Abraham Accords na tional organisation. A clear lack of leader - This session recognized the importance of ship was demonstrated among the global maintaining and strengthening peace in the elite. Inequalities and gaps grew due to the Middle-East. Brian Hook, Senior Advisor virus. However, at present, stability of the to the US Secretary of State, USA, spoke state, guarantor of human rights, security about the region’s developments and its and defending the public interest is of relevance.The US President’s visit to Riyadh most importance.

33 Brian Hook, Senior Advisor to the US Secretary of State, Session ‘Catalyzing Capitalism through Public-Private Partnerships’ speaking about the Abraham Accords

in 2019 was focused on countering extreme Developing Emotional and Cultural Islamism, countering Iran, and defeating Intelligence during the Pandemic ISIS; a terrorist army placed in the heart of Maxim Kiselev, Professor, Skolkovo the Middle East. In addition to these threats, Institute of Science and Technology, Russia, the Middle East was looking to invest in started the discussion by highlighting the their people. He concluded the session by significance of emotional and cultural intelli - stating that focusing on shared interests gence and its correlation with one’s success and standing up to the threats and working and ability to cope with the struggles one towards harmony is the way forward to faces, especially during the challenging times ensure people in the middle east reap the of pandemic. Carolyn Buck, Co-founder benefits of peace like the rest of the world. of Imaginal Labs, USA, added courage is the critical link between emotional and cultural intelligence that enables us to progress in Catalyzing Capitalism through fearful times. Elizabeth Markle, Execu - Public-Private Partnerships tive Director, Open Source Wellness, USA, Highlighting the reasons behind the global emphasized the interpersonal and intra- infrastructure deficit, Teresa Ribeiro, personal components in emotional and Secretary of State of Foreign Affairs and cultural intelligence and how it transpires Cooperation, Portugal, started the discus - in our workplaces. Long Viet Nguyen, sion by stating the importance of public Deputy CEO, Becamex IDC, Vietnam, said and private investments to create a robust that the pandemic gave people the oppor tu- Ziad Alexandre Hayek, Vice Chair - recovery fund. Alan Lau, President, Anglo nity to reflect on their personal relationships man, United Nations Working Party Euro Energi Indonesia, Indonesia, said that and rekindle them. on Private Public Partnerships the present practice of PPP for infrastruc - ture practices mainly stresses on the value Strategic Infrastructure Investment for money factor. Nico Anten, Executive Chairman, Connekt, Netherlands, said that The coronavirus pandemic is triggering post-lockdown, even after 95 % of infra - a reshuffling of investment priorities for structure usage was resumed, there was no governments around the globe, forcing traffic. This indicated behavioural change in leaders to make critical decisions about people. Peter McGill, Contributing Editor, whether to divert funds from long standing The Banker, UK, suggested that ideas by infrastructure projects. As budgets are start-ups must be used to create sustainable projects. 34 Petteri Taalas, Secretary-General, Teresa Ribeiro, Secretary of State Gabriel Quijandria, Vice Minister of Strategic Development World Meteorological Organization of Foreign Affairs and Cooperation, Portugal of Natural Resources, Peru

stretched to serve emergency medical needs, Decorateur, Malaysia, said that given the governments are having to find new ways to change in political landscape in the country, make sure essential infrastructure projects they were well prepared with precautio nary can keep going, from the restoration of measures beforehand. Alan Young, CEO, crumbling bridges to the renovation of run- Armor Concepts, USA, mentioned that down public schools. ‘In terms of leader - COVID-19 helped his business exploit ship, we should encourage public private opportunities. Amer Nasereddin, Co- discus sion, public people and private people founder, Primus, Jordan mentioned that discussion’ said Michael Wilson, Mana - COVID-19 is the new normal now. ging Partner, The Migson Group, Ghana. Private-public partnerships and targeted federal funding will play a key role in United Nations: The Next 75 years... development of infrastructure. for our Children and Grandchildren The topic of discussion revolved around migration, job creations, minority and Inflection Points: Profit and women. In the next 75 years, children and Purpose in a Pandemic grandchildren of today’s generation will Ryan Villanueva, Co-Founder, Best struggle for jobs. Peter Samuels, CEO, Delegate, USA opened the conversation. PhilmCo Media LLC, USA asked Simon Nikhil Hirdaramani, Director, Levy, Chairman, The Ideasia Fund, Mexico, Hirdaramani Group, Sri Lanka said that on how humans will create value, new COVID-19 has made sustainability para - sources of labour, and understand the logic mount for businesses. Marsha Ralls, of investments widened over the world. Founder, The Phoenix Wellness Retreat, Fabrizio Hochschild, Under-Secretary USA, mentioned that COVID-19 has General, United Nations, US, said we need created opportunities for businesses. to regain trust and ask how children are Cristina Calvo, Founding Partner, going to innovate in future. Peter Samuels ASUAire.com, Costa Rica, stated that spoke positively of sustainable living and though the pandemic affected the travel mindful expenditure to make sure the industry the most, it helped them pivot upcoming generations are paid back what their conversations from an earning per - we spend now. spec tive. Ai Ling Wong, Founder, The Susan Rockefeller, Founder, Musings, USA

35 Business Transformation to Champion Social Change This panel consisted of members who have dedicated their efforts to reduce carbon emissions and control the drastic climate change. The discussion revolved around the paper written by Karan Girotra, Professor of Management, Cornell Johnson College of Business, USA, ‘Business Transfor mation to Champion Social Change’, which defines methods on how businesses can transform to reduce their negative impacts on society. Some of the methods include taking a step United Nations – The Next 75 years... for our Children and Grandchildren as early as possible, acknowledging the environmental impacts of their actions, doing an externalities audit to understand Spearheading South-South the impacts and to experiment and explore Cooperation to overcome the with new models within the house. This way COVID Crisis leaders will be able to better understand Borzou Dargahi, Correspondent, The their responsibilities, and enable their orga - Independent, UK, commenced the session ni zations to respond to them authentically highlighting the mishandling of pandemic through holistic transformation. by the developed countries. He questioned the panelists, ‘What can developing coun- tries learn from this failure of the developed Preparing for an Entrepreneurial nations?’ José da Silva Goncalves, Former Gale Post-COVID Minister of Economy and Employment, Cape Innovation is necessary for competitive Verde, mentioned that rather than viewing survival using new ideas, models or services, neighbours as competitors, countries must however, many companies have failed becau se support them. Ajmal Shams, President, of external dependencies. David Dorr, Afghan Social Democratic Party, Afghanis - Co-Founder, Coro Global Inc, USA, stated tan, spoke about efforts the US and the that COVID has removed the stigma of WFH Afghanistan government are taking to and distributed teams, and the individual reach a political settlement to bring peace productivity has boosted because of better in Afghanistan. Sérgio Sá Leitão, State work-life balance. Tris Dyson, Founder and Sec re tary of Culture, State of Sao Paulo, Managing Director, Nesta Challenges, UK, Brazil, spoke of Brazil’s role in improving Ann Winblad, Managing Partner, mentioned how the entrepreneurial com - the South-South situation. He laid impor tan - Hummer Winblad Venture Partners, munity has come together to support each ce on cultural, diplomatic and economic USA other and innovators are pivoting to newer relations between under-developed countries opportunities. Adriaan Ligtenberg, in the South. Founder and Chairman, SparkHealth, Netherlands, said that a flexible workforce is core to a successful organization, and since Redefining Human Resources COVID is here to stay, the workforce should Management as Human Relations understand the scenario and abide by it for Timothy J. Nichol, Dean, Liverpool a conducive environment. Business School, UK, began by speaking about the emerging challenges in Human

36 Ryan Villanueva, Co-Founder, Best Delegate, USA Robert Scharfe, Chief Executive Officer, Fabrizio Hochschild, Under-Secretary General, Luxembourg Stock Exchange, Luxembourg Special Adviser on Preparations for 75th

Resource Management (HRM) and how it CEO, Banco Azteca, Mexico, highlighted has to change with the changing role of an the need for regulation in digital markets. organisation. Shoummo K Acharya, CEO, eTrans Solutions, India, mentioned the need to cooperate with the employees and build The Middle East – a Quest compassion so as to build a dynamic work - for Redevelopment space. A new aspect that has come forward The panel discussed what the future holds in HRM is more involvement in the internal for the Middle East, whether it would family affairs as the workplace is blending achieve financial equilibrium and how it with home. That is the note on which the could unite and inspire creativity. The pane - discussion ended. lists agreed that it is a diverse region with some commonalities. Ahmed Emara, Founder, Group CEO & MD, ReAya Leading the Future of Finance Holding, Saudi Arabia, said that the Middle Post-COVID East is well set for success. However, the The purpose of this session was to discuss pace of achievement of success and financial COVID, the economy and how to collaborate. equilibrium would vary across the region James McCaughan, Asset Management because of its diversity. Innovation could be Executive, USA, highlighted that the role of fostered through education of the young markets during a financial crisis is that of a shock-absorber. He hoped that the financial sector sees this crisis as an opportunity to address the larger problems of financial inequality and financial inclusion. Robert Scharfe, CEO, Luxembourg Stock Ex chan - ge, Luxembourg, agreed to the opinion that financial markets held the fort strong. COVID-19 has accelerated the change in behaviour of manufacturers, consumers and governments alike. However, there is a disconnect between private public Partner - ship which is key. Alejandro Valenzuela, Alejandro Valenzuela, Chief Executive Officer, Banco Azteca, Mexico

37 Deborah Wince-Smith, President, United States Council Viljar Lubi, Vice Minister of Economic Affairs Hafsat Abiola Costello, President, on Competitiveness and Communications, Estonia Women in Africa, Nigeria

population. Finally, energy collaboration market. The panel opined that there are and entrepreneurship could help the multiple challenges for the future of work region forge ahead. particularly from newer technologies such as AI and Robotics. Thus, many jobs will become obsolete whilst jobs that require Overcoming Gender Inequality human intervention and management will Meryem Illayda Atlas, Editorial Coordi - survive. Technology is the engine of future na tor, Daily Sabah, Turkey, stated that the work but it has its own limitations in the pandemic affected women more than men sense that many jobs cannot be done digi - and the disproportionate economic and tally sitting at home. Those who adapt to psychological burden on women must be changes will survive and prosper whilst the resolved. Cindy Gallop, Co-Founder of underprivileged and recalcitrant to newer IfWeRanTheWorld, USA, highlighted that technologies will fall wayside. The message inspite of sexual harassment being a grave was, ‘the big changes together in a spirit of concern is hardly dealt with. Janine de solidarity and human welfare shall be the Nysschen, GM of Sweden Ghana Medical main focus.’ Centre, Ghana encouraged all to change the narrative of ‘empowering disempowered women’ to ‘empowering the already capable Developing Deep Learning while in Isolation women’. Bukky Shonibare, Executive Director, Invictus Africa, Nigeria, said that Mark Mueller-Eberstein, Founder, the 3 ps – poverty patriarchy and power, are Adgetec Corporation, USA, opened the the factors that affect women everywhere. discussion about occurrence of challenges in Ray Walshe, Chair of Gender Responsive AI due to COVID-19. Michelle N. Moore, Standards Initiative, UNECE, Ireland, con - Founder, MindEQuity, Canada stated the cluded stating the need to break down the importance of human interaction over asyn - society-constructed barriers for young girls. chronous communication. Lila Tretikov, Corporate VP, Microsoft, USA, spoke about the importance of bringing everyone The Changing Future of Work together to level up the playing field. The session discussed the various challen ges Toufi Saliba, CEO, Toda.Network, USA, to the future work in an ever-changing job quoted, ‘Ask any AI or ML developer in the Luca Jahier, President, European Economic and Social Committee

38 Baroness Susan Kramer, Nina Angelovska, Former Minister of Finance, Guy Hands, Founder and Chairman, Terra Firma Capital Partners Member of the House of Lords, UK Co-founder, Grouper.mk, North Macedonia

world and they will say that every AI built Managing Funds in can repurpose itself to improve which is a the Post-COVID Era big fear and every developer must under - Talking about ‘Managing Funds in the Post- stand their responsibility to make their COVID Era’, Guy Hands, Founder, Terra product more secure’. Further, Michelle Firma Capital Partners, UK, said that the concluded expressing the fear of humans world is entering a significantly darker losing wisdom sensing and perception of period over the next few decades in compa - the human body which makes AI real. ri son to the last 100 years. He said that this would be the new normal and highlighted how the upcoming troubling times will Sustainable Development Goal make people exhibit unique investment Number Three behaviors. Barbara Ann Bernard, CEO, Scott Rosenstein, Professor, Bard Col - Wincrest Capital, Bahamas, took a con tras - lege, USA, spoke of UN’s 3rd SDG that ting perspective, by saying she was more focuses on healthcare and whose success optimistic on how the future would play depended on access to innovative treat - out and its effect on investments. Marie ments and ability to deal with chronic and Dzanis, CEO, Northern Trust Global infectious disease outbreaks like COVID-19. Investments, UK, highlighted how the Pam Randhawa, Founder, Empiriko outcomes of the US elections will play a Corporation, USA, suggested developing a key role in the investment climate. comprehensive reform to build global public healthcare infrastructure to prevent or handle such pandemics well in the future. Jussi Määttä, Founder, Buddy Healthcare, Finland, added that digital health and tele - medicine solutions have proven effective during pandemic and have also reduced the treatment cost. Anh Hoang, Co-Founder, Sofregen Medical, USA, stated that the ur - gency of vaccine development for COVID-19 has challenged the world and stated the need to deploy capital to develop these facilities. Vaira Vike-Freiberga, Former President of Latvia

39 Ibukun Awosika, Chairman, First Bank of Nigeria, Nigeria Peter J R Aylwin, Director, Aetos Limited Blessing Omakwu, Deputy Director, Goalkeepers, Bill & Melinda Gates Foundation, USA The Revitalization of Africa Triple Bottom Line COVID-19 has identified some key elements Investments for Family Offices in African continent which need immense Peter J R Aylwin, Director, Aetos Li mi - attention from everyone. The biggest chal len - ted, UK, started with talking about the ge for them is improving their educational substantial growth of family businesses since system. When their youngest force will get 10-15 years. Speaking about Triple Bottom access to quality education, it will provide Line Investments, David de Rothschild, the world with huge potential. This can be Founder, Voice for Nature, UK, said the achieved through technology. E-commerce market is a hot space with key movements. is another challenge, further, people don’t Richard Sobel, Managing Partner, Altai have proper infrastructure. Capital, Russia, stated that he is optimistic about ESG, and triple bottom line. Kevin McGovern, Founder, McGovern Capital, Blended Financing USA, mentioned that he likes people who for our Future Benefit work together. It’s all about the team and There is $9 trillion of unused capital due to the values he added. Joseph Hernandez, the COVID-19 which has hampered fund Impact Investor and Entrepreneur, USA, said deployment. At the same time, central banks that the field of medicines is an important have deployed trillions to support COVID- investment in the years to come. Helena related causes, vastly increasing national Montgomery, Principal, Montgomery debts. Panelists started by discussing the Investments, USA, highlighted the impor - Aaron Sherinian, Vice President role of blended finance, i.e. creating a tance of using technologies across sectors. Global Communications Transforma tion, bridge between the private sector and the Philip Morris International public sector and synergizing the overall effect of monetary profits as well as long- Our Changing Needs for Fulfilment term social goals. Blended finance will help Alexandra Fattal, Innovation Consul tant, in the overall sustainable growth and the Italy, commenced the discussion by talking private sector because higher funds need to about individuals having different abilities be involved to fill the funding gaps. Compa - and needs and how they are under-fulfilled. nies are also adopting systematic approaches Simone Cipriani, Founder, ITC Ethical and mechanisms to achieve social develop - Fashion Initiative, Switzerland, stated that ment goals. now is the right time to invest in the supply

40 Majid Majidi, Film Director, Producer Ashutosh Gowariker, Film Director, Actor, Pat Mitchell, Founder and Partner, Connected Women Leaders, and Screenwriter, Iran Screenwriter and Producer, India chairing a panel on Closing the Gap on Gender Equality

chain.Vandana Harris, Lawyer and In - rather than religion and region or any other vestment & Inclusion Executive, USA, said human aspect. that 2020 taught her the importance of self- care and self-growth. Patricia Bonaert, Enlightener, MixR.net, Italy, said that the Closing the Gap on Gender world has become contactless and now the Equality and Women’s Leadership technology is connecting people, which isn’t Addressing gender inequality cannot be a a real connection. Talking about measuring part of the agenda, but the agenda. We need fulfilment, Neelima Parasker, President to act at every level, government, local or and CEO, SnapIT Solutions, USA, conclu- individual, to address this issue. One orga - ded that it’s almost like measuring success ni zation working towards achieving this is or happiness, it’s completely inward. Now, CARE. It is working towards raising women’s the only fulfilling thing for all is spending voices, by helping local organizations and time with family. conducting press conferences. It also means ensuring women are always at the table and working with the private sector. Inequality Ethics in a Troubled exists in every form, like access to capital Depersonalized World and markets for women. Gender based In a world where relationships between violence is increasing. Healthcare is over - people and machines have become so foggy, burdened. If we have to go far, partnership the realm of ethical challenge in different and coordination is essential. One good aspects from military to religion is very thing is there are more pathways for the important. We face two difficult questions private sector to work towards and achieve of scope and depth. There is increasing gender equality. research on the subject of how to include the dimension of ethics in technological advancements, which is a good sign. From Fostering Purpose through Movies a spiritual perspective, faith is central to Majid Majidi, Film Director, Producer, religion. It does not matter where philo - and Screenwriter, Iran opened the discus sion sophy comes from, it might be a book, by saying that art’s philosophical appeal lies religion, or organization. Ethics is more in in the fact that it’s spiritual side can touch line to the quality of humanity and nature, audiences across the world, irrespective of

41 A R Rahman, Composer, Singer and Music Producer, India Panel ‘Fostering Purpose through Movies’

politics. He expressed worry about prejudice social entrepreneurs are the ones who will affecting art and encouraged open-minded drive the world. Jordi Ràfols, CEO, dialogue.Priya Samant, Impact Advisor Innoget.com, Spain, added that social inno - and Director, Sequoia Applied Technologies, vations must be the driving force and must USA, said that cinema is a powerful tool have a solid agenda. Riccarda Zezza, CEO, for cultural awareness and advocacy. Lifeed, Italy, said that entrepreneurs flourish Ashutosh Gowariker, Film Director, when they find meaning in their work. Screenwriter and Producer, India, expressed that Indian cinema is in the phase of reviving cultural issues and good propaganda while Harnessing Migration for Business and Employment entertaining. A R Rahman, Composer, Singer and Music Producer, India, said that Mohana Prabhakar, Founder, Meissa there are still a lot of life-changing stories Creative Services, Oman opened the conver - to be explored through movies. sation stating that today approximately 3.5% of the world’s population are migrants, and although recently non-economic factors Driving Social Innovation have been the reason behind migration, through Inspiration economic migration still accounts for the Yves Decadt, CEO of BioLingus, Switzer - majority of that 3.5%. Royston Flude, land, opened the discussion talking about President, CSPOC, Switzerland, suggested bringing innovative technologies to socially that helping people discover their potential, challenging markets. Abdulaziz Albakr, and viewing the situation with love and Chairman, BMT, Saudi Arabia, expressed kindness is important. Egemen Bagis, the need for sustainable entrepreneurship. Member of the High Level Advisory Coun - Nathalie Goethals, Founder of iDROPS, cil, UN Alliance of Civilizations, Turkey, Belgium, said, every person has exceptio nal said that migration is advantageous because potential and that social innovators must immigrants bring in new trades, invest - help people achieve it. She spoke about the ments, arts and crafts, which contributes importance of framing flexible business to the social fabric of countries. The panel and financial models. Jeanette Fangel also spoke about how women migrants are Løgstrup, Non-executive Director, JP very important as they bring an empathetic Politikens Hus, Denmark, believes that aspect to decisions.

42 Avi Basu, Chief Executive Officer and Founder, Gaia Melikian Panel ‘Driving Social Innovation through Inspiration’ Wingsure

Bridging the Digital Divide free trade, lack of proper supply chain and Avi Basu, Founder, Wingsure, USA, opened distribution channel for food among many the discussion revealing that half the world’s countries.’ Technology can partly solve this population lacks access to the internet. issue. Further, Stiphan Beher, Former This digital divide is an extension of racial, Adviser of President of Kyrgyzstan, Kyr - gender, social, and economic divide, opined gyz stan, said, ‘The problem is with the Nnenna Nwakanman, Chief Web Advo - system and design. Earlier we did not have cate, World Wide Web Foundation, USA. sound infrastructure and information, but The reasons for the digital divide are now we need more people who are in - multi farious. Jovan Kurbalija, Executive teres ted in improving the systems of agri - Director, Secretariat of the UN’s Panel on cul ture.’ The discussion concluded with Digital Cooperation, Switzerland, empha si - panelists agreeing that the society needs to sed that governments should provide digital change, re duce usage, and find sustainable access to people. Armen Orujyan, CEO, alternatives. Foundation for Armenian Science and Technology, Armenia, pointed out digital vulnerability where governments control Maintaining a Start-up Nation’s the internet to form public opinion for Impetus Post-COVID their political gain. The internet is a very Martin Giles, Senior Editor CIO Network, power ful tool which requires international Forbes, USA, started the session with Brett Johnson, Co-founder cooperation to ensure digital access without Luba Greenwood, Lecturer, Harvard and Chief Executive Officer, any biases. University, USA, who quoted ‘Collabora - Altru Institute, USA tion is key.’ All governments need to come together to sustain and keep performing. Building Partnerships Pernille Hippe Brun, Founder, Momentu, for Food Security Denmark and Svana Gunnarsdóttir, The discussion began with the causes of Foun ding Partner, Frumtak Ventures, world hunger and Steven Melnik, Founder, Iceland, emphasised on the unique ideas and PoliticalAndBusinessDiplomacy.org, USA, innovations that collaboration brings to the highlighted that lack of food is not really forefront. Yuan Mingli, Co-Founder, the reason. Adhrita Nowrin, Founder, ColorfulClouds Tech Co., China, spoke Innsaei Capital, UK, said, ‘the issue is: No about the current opportunities that the

43 Martin Giles, Senior Editor CIO Network, Forbes, USA Kate Brown, Governor of Oregon, USA John Harris, Co-founder, Politico, chairing the plenary ‘The US – On the Brink of Change’

pandemic has birthed for delivery services. failure to deal with COVID-19, she said Suman Bose, Co-founder, GoFar Advisory that a lack of a holistic approach was the and Investments, Singapore, quoted, ‘today primary reason behind the failure. Results we have an opportunity to press the reset of the upcoming Presidential election cam - button’ and include collaborations, im pro - paign, she said too, will alter the social fabric ve performance, eliminate the pressure and of the USA and it’s democratic foundations. competition and change things for the better. Finally, she addressed the significance of small business and highlighted the benefits of discovering a COVID-19 vaccine on the Plenary: The US – On the Brink US economy. of Change John Harris, Editor, Politico, USA began the discussion on the USA being on the brink Renewable Energy and Oceans: Trans forming a New Global of change by introducing Kate Brown, Governor of Oregon, USA who majorly Awareness discussed the disparities and protests, the The session was centered around ocean entire country was affected by, due to racism conservation and the meagre attention that which compelled the system to address the is paid towards it – aquatic life is moving issue at its crux. Commenting on the US’s towards extinction and no sooner than later the water bodies would run dry as well. One of the panelists who stayed by the red sea all his life and did scuba diving every year, expressed his concern over the scuba diving spot turning into a dessert with more plastic than fishes. ‘End of the line’ movie director added that, more people have the philanthropic vision of saving dogs, disease, old people, but not the ocean which is responsible for providing 60-70 % oxygen to the world and that climate change is the ultimate result of these resources getting depleted. Suzanne Clark, President, U.S. Chamber of Commerce, Sylvia Earle, Founder, Mission Blue, chairing a plenary on business-led solutions for a changing world National Geographic, USA

44 Plenary ‘Renewable Energy and Oceans – Transforming a New Global Awareness’ Hank McKinnell, Chairman, Moody’s, USA

Business-Led Solutions of governments. The need of the hour is for a Changing World liquidity. Sanda Ojiambo, Executive Di - The moderator Suzanne Clark, President, rec tor, United Nations Global Compact, US Chamber of Commerce, USA opened USA, added that we must find ways to do the discussion on ‘Business-Led Solutions more inclusive business and keep human for a Changing World’ by talking about society working. Hank McKinnell, how pandemic effects that all businesses Chair man, Moody’s, USA, said if the are undergoing is a stark reminder of how FDA is allowed to regulate, the vaccine can interconnected this world has become. take up to 40 years to be ready but within Roshni Malhotra, Chairperson, HCL 6 months of COVID we had over 100 vac - Technologies, India, spoke extensively cines in progress. about how her company HCL, despite being a tech company was able to be on the fore - front of the health support for employees. Digital Utopia Hans Vestberg, CEO, Verizon Commu ni - Constanze Buchiem, Managing Direc - cations, USA, announced his decision to tor, i-potentials, Germany, said that digital donate 10 Million to various organizations utopia must be where we put aside our ego that are working against racism, and said and learn to be authentic. Edwin Chan, that the most important thing for us to do Founder, EC3, USA, said that from an is to listen and truly understand what the Clifton Leaf, Editor in Chief, underlying problems are. Fortune Magazine Plenary: UN Global Compact for the Post-COVID Decade Clifton Leaf, Editor in Chief, Fortune Magazine, USA, started the discussion by talking about the UN Global Compacts which was created with a goal to maximise focus on global growth. Munir Akram, President, UNESC, USA, said that the pan - demic has highlighted faults in the structure Hans Vestberg, Chief Executive Officer, Verizon Communications, USA

45 Munir Akram, President, United Nations Plenary ‘UN Global Compact for the Post-COVID Decade’ Economic and Social Council

architectural perspective, digital utopia is COVID-19 impacted the market’s response a means to speculate on spatial futures. to the virus. Daniel Kern, CIO, TFC Kirk Bresniker, Chief Architect, Hewlett Financial Management, USA, said that the Packard Labs, USA, highlighted that digital markets reacted rationally to COVID utopian realities must be engineered and especially with the fiscal stimulus being at ways to harness this opportunity to rework record highs. He also talked about how the education, healthcare, etc. to perform pandemic has worsened inequality levels sustainably, must be found. Andrew and the impact of inflation over the next Nachison, CMO, National Community few years. Reinvestment Coalition, USA, said that digital utopia has to be an equalizer that Latin America: Promoting breaks certain social constructs. Astrid Inter-nation Cooperation Haug, Digital Advisor, Astrid Haug Bureau, Denmark, spoke of tasks that were compli - During the discussion on Promoting Inter- cated previously and have become effortless nation Cooperation with Latin America, it due to the digitization. was highlighted that 5 out of 10 of the countries affected in the world are in Latin America. Mariana Vasconcellos, CEO, Stock market volatility during and Agrosmart, Brazil said that, ‘it is important post-COVID for the countries to learn from each other During the discussion on stock market and bridge the gaps through technology and volatility during and post COVID-19, innovation.’ Daniel Melhem, Managing Colin Hunt, CEO, Allied Irish Banks, Partner, Knightsbridge Partners, Argentina Ireland, said that the pandemic is a truly mentioned the importance of Latin Ameri - unprecedented crisis with its effect on cans investing in their own countries as health, global nature, society and economies currently there is a lot of outflow of funds that has provoked an unparalleled response and their business leaders aren’t investing in from policy makers at rapid pace to keep their own countries. Maria Jabbaz, CEO, the system intact. David Drake, Founder Maqueveq & Co, Chile, Chile, further of LDJ Capital, USA, described how the stated that Block-chain technology could approach followed by Sweden in combating help Latin American countries prosper.

46 Sanda Ojiambo, Executive Director, Martin Reeves, Managing Director, Colin Hunt, Chief Executive Officer, Allied Irish Banks, Ireland United Nations Global Compact BCG Henderson Institute

FinTech post-COVID maximum human interaction have taken a The panel started off by discussing FinTech’s hit but tech-related jobs were born during role pre-COVID and how FinTech has this pandemic because of technological accelerated the internet banking industry. advancements. During the pandemic many countries and individuals faced economic crises and that the digital nature of FinTech helped them. The Future of Innovation The discussions also involved the possi bili - in a Pandemized World ties of more projects and opportunities in Martin Reeves, MD, BCG Henderson FinTech like different types of crowd fun - Institute, USA, started the discussion stating ding apps, personal investment solutions, that a financial crisis is different from this InsureTech apps and trading. particular crisis. Nicole Jiayang Li, Exe - cutive Partner, Plus One Capital, China, mentioned that investors must adapt and Implanting Industry 4.0 look for new trends. Jakob Edler, Execu ti - into The Future ve Director, Fraunhofer Institute for Systems The host started with taking a poll of and Innovation Research, Germany, stated whether COVID-19 will change the that once people understand the urgency, industry 4.0 forever or not? Everyone they can orchestrate benefitting innovation. answered ‘YES’. This shows that COVID-19 Nguyen Anh Tuan, CEO, Boston Global has a permanent effect on the industry. One Forum, USA, felt that going online now is of the panelists Kira Radinsky, Founder, a big opportunity for innovation. Diagnostic Robotics, Israel mentioned that Soulaymane Kachani, Vice Provost, Co - this pandemic will give a boost to the robo - lum bia University, USA, mentioned that tics industry as it will lead to minimal human preparing for disruption has been the main interaction and any physical involvement. reason behind innovation and higher edu - There will be conflicts between govern ment ca tion. John Stevenson, Executive Chef, and private firms. ‘Work From Home’ has KKR, USA, highlighted that the future of changed overnight, the manufacturing food is driven by technology science and industry has also seen a big impact, all behavioural changes. customer-facing roles which involved

Akiko Fujita, Anchor and Reporter, Yahoo Finance, USA

47 Mukhtar Tileuberdi, Minister of Foreign Affairs, Kazakhstan Jim Glade, Director, Publicize, Colombia Sally Bundock, News Presenter, BBC, chairing the plenary ‘Developing New Leadership and Inspiration’ Making More from Less The Wake-Up Call: Lessons ‘Making more from less is what we need, from COVID on Fixing as our current economies keep growing Broken Government but the environmental constraints remain The pandemic has exposed many loopholes as we have only one planet for now’ stated in the current structure of governments. It Gary V. Litman, VP, U.S. Chamber of is high time for us to start the debate on Commerce, USA. With regards to the modern government. Policy decisions must climate crisis, the private sector, the govern - be implemented on how to focus on the ments and all stakeholders know what to do ‘operation’ of government. The new stra te - and what not to do but there’s still reluc - gy should consist of an increased focus on tance to act. We need to take stock of how results as well as the process. We often think the world is preparing to tackle the risks, a centralized authoritarian system would be financial, planetary etc. Specific programs easy to manage during calamities, but some and specific systems are important to leave countries like Germany and New Zealand fundamental footprints on how to reduce have proven, during the COVID crisis, that this risk. It is a good sign that we are it is not true. We must understand that the awakening to this reality. Industries too more complex the situation is, the simple the must think about sustainability. framework should be for flexibility. We need to transform from a rule-bound system to a responsibility-bound system.

The New Reality: Governance after COVID-19 There has been a mingling of politics in corporate governance, says Alissa Kole Amico, Managing Director, GOVERN, France. Qatari Abdulaziz Al-Sulaiti, Co-Chairman, Al-Sulaiti, Tin & Co, Qatar, spoke about how the country’s authorities began streamlining financial and economi- cal regulatory frameworks. He stressed the Andrew Forrest, Co-Founder and Chairman, Minderoo Foundation, Australia

48 Vijay Eswaran, Executive Chairman, QI Group, Marguerite Soeteman-Reijnen, Chairman Jonathan T.M. Reckford, Chief Executive Officer, Hong Kong Executive Board, Aon Holding, The Netherlands Habitat for Humanity International

importance of including the private sector’s USA, highlighted the power of the digitally inputs in governance overhauls. Marcia hyperconnected world to counter future Dyson, CEO and Founder, Women’s crises. ‘We need to understand the equity in Global Initiative, USA, highlighted how the it for everyone’ said Steve Waugh, Chief protests in the USA have shaped a new wave Scientist, Johns Hopkins University, USA. of corporate governance rules across the industrial sector, spurring conversations and Black Lives Matter led to policy changes. Steven Klemencic, Managing Director, Ankura, USA, shared Talking on the ‘Black Lives Matter’ move - that there is a significant change in the way ment, Steven Greer, Professor of Human money is governed, where companies are Rights, University of Bristol, UK, opened now looking inward as opposed to outward. the session by saying that there are various multi-dimensional injustices in the world today that require strong anti-discrimi na to - Inspiring a New Deal ry machinery as solutions. James Kong, on Globalization Secretary General, The World Federation of Beth Mendelson, Senior Executive Pro - Confucius Descendants, Hong Kong, added ducer, Voice of America, USA started the that people, despite their race, deserve to discussion highlighting how authorities like be put on a level playing field as everyone the WHO play key roles during global crises. else. Alfa Demmellash, CEO, Rising Tide Michael Hacking, CEO and Founder, Capital, USA concluded saying, ‘there is an Mocoh SA, Switzerland, said that nationa - unanswered ambition as well as mandate lism plays a huge role in finding solutions among many minorities, to self-determine for the crises. Mats Hellström, Former what their economic path for themselves Minister for Foreign Trade, Sweden, believes could be. Making this possible would do that international cooperation is required justice to the people of colour and allow to defeat global crises like COVID-19. them to use their talents to help nations Alexander Kulitz, Member of German solve much bigger problems.’ Parliament, Germany, said the main chal - lenge is the numerous issues the virus is catalysing. Jonathan T. M. Reckford, CEO, Habitat for Humanity International,

49 Kim Samuel, Founder, Samuel Centre for Social Connectedness, Lord John Bird, Member of the House of Lords; Aurélien Agbénonci, Minister of Foreign Affairs, Canada Founder, The Big Issue, United Kingdom Benin

Solutions for an sustainable solutions. Governments must Impact-led Recovery mobilise more capital through development Impact investing is a rapidly growing financial institutions to boost confidence of industry powered by investors. The pan - the private investors, by broadening their demic has had an asteroid hit unleashing mandate and minimising the risk factors. unprecedented bidirectional change, but the significant positive is it brought to the fore huge pre-COVID inequalities, mis- Fighting Poverty Through gover nance and structural challenges that and Beyond COVID existed in our societies specifically in Brian A. Gallagher, CEO, United Way, emer ging market economy. The spin-off USA, started the discussion by quoting, ‘All has been that there is renewed trust and are in the same storm but different boats’ emphasis on science for credible and sus- and spoke about inequality. Kim Samuel, tainable solutions. Financial institutions Founder, SCSC, Canada, informed that child with development as their mandate and malnutrition has risen and deaths due to mission, should think beyond achieving dementia have increased. Shweta Shalini, financial returns and invest in more Executive Director, VSTF, India, empha - sized on the importance of data collection and analysis. Danny Sriskandarajah, Chief Executive, Oxfam, UK, stated econo - mic destruction as a major cause of death during the pandemic and offering economic and social protection as the solution. Linda Villarreal-Paierl, CEO, Paierl Consulting, Austria, quoted, ‘People should learn to start bottom up and need to take baby steps.’ Lord John Bird, Founder, The Big Issue, UK, suggested the governments must frame long-term programs to fight poverty.

Brian A. Gallagher, President and Chief Executive Officer, United Way Worldwide

50 Africa is Opening for Business Matthew Boyse, Deputy Assistant Secretary of State, USA, speaking about Governing a World Out of Balance Being Responsible for business. Soraya M. Hakuziyaremye, Blockchain Events Minister of Trade and Industry, Rwanda, Nikhil Vadgama, Deputy Executive talked about Rwanda trying to achieve a Director, UCL Centre for Blockchain conducive business environment through Technologies, UK, started the session reforms and automation. During the pan - speaking about how blockchain is relatively demic, they ensured their SMEs were well new since it was created 10-12 years ago supported. Aurélien ended the session and is a part of thousands of projects and saying, ‘The youth of Africa need to be de - sectors. Block chain exists in the agri cul tu - manding because they are not the future, re industry. Agnes Budzyn, Co-founder, they’re already here and they need to be a Strategic Focus Investments, USA, explained part of the agenda we’re conducting now.’ the popularity behind blockchain. She said, ‘Blockchain adds transparency in the supply chain system and one can easily track which Plenary: Governing a World domino is most likely to break down and Out of Balance makes it easy to tweak your process and Mathew Boyse, Deputy Assistant Secre - mitigate potential problems’. The discus sion tary of State, USA, said, ‘We have seen this then moved to why blockchain is not as pandemic uproot the world as we know and widespread as it could be in spite of having have painfully forced us to think in ways we numerous advantages. haven’t’. From the local government to the Wamkele Mene, Secretary General, multilateral world, we are seeing a new African Continental Free Trade horizon. At this point, we need friends and Area (AfCFTA), Ghana Plenary: Africa is Opening partners to discuss the effects and how the for Business post-COVID world is going to look like. 2019 was a historic year for Africa because Diplomacy, protecting global safety and of the African free trade agreement. integrity is important. A lot of inter natio nal Wamkele Mene, Secretary General, organizations which are supposed to lead the AfCFTA, Ghana, talked about the increase in multilateral world need reform in diffe rent protectionism, reduced barriers to trade and fields like health, arms control. Societies are investment, which led to the African Free- grappling from challenges like unemploy - trade agreement. Aurélien Agbénonci, ment to isolation and the world needs to Minister of Foreign Affairs, Benin, said that transform at every fundamental level. they have totally changed the way they do

51 Gerard Baker, Editor at Large, Wall Street Journal, USA Paul Oquist Kelley, Minister of Presidency Sadiq Hirsi Warfa, Minister for Labor and National Policies, Nicaragua and Social Affairs, Somalia

Closing Plenary: Developing by sharing the progress of his country in the Unity, Inspiration and Creativity face of the pandemic and expressed his hope Paul Oquist Kelley, Minister of Presi - for the future. dency and National Policies, Nicaragua, started by expressing his thoughts about the need to prioritize a unified international po - Closing Plenary: Transforming licy for zero emission in the post COVID-19 a New Global Awareness world. Maher Nasser, Director, Outreach This pandemic has challenged our dictions Division, UN Department of Global Com - and exposed human vulnerability forcing munications USA, spoke on the urgency of a us to think, experience and act as one united front to deal with the major threats humanity. Richard Branson, Founder, facing humanity currently – geopolitical Virgin Group, UK, strongly advocated that tension, climate change, global mistrust and the present pandemic has provided a lot of dark innovation. Norman Pearlstine, positives and also an opportunity to Executive Editor, Los Angeles Times, USA, influence governments to stop subsidizing spoke about the bilateral and multilateral activities and items which have a negative discussions around these existential issues. impact on our environment and re-purpose Sadiq Hirsi Warfa, Minister for Labor and that money to protect nature. The panel Social Affairs of Somalia concluded the panel focused on using COVID-19 experience to bring a radical shift to the way we treat our planet. Sally Ann Ranney, President and Sally Ann Ranney, President and Co-Founder, Global Choices, USA, stated, Co-Founder, Global Choices, USA ‘the greatest existential threat is the illusion of separation, separate from each other and separation from nature’, a description that is apt for the present crisis we are in.

Closing Remarks: Unpalatables in Times of COVID-19 Gerard Baker, Editor at Large, Wall Street Journal, USA, started the session by stating Norman Pearlstine, Executive Editor, Los Angeles Times, USA, chairing the closing pleneary

52 Mohamed ElBaradei Former Vice-President Xiaoyin Qu, Founder, Run The World, USA Danilo Türk, Former President of Slovenia of Egypt Nobel Peace Prize 2005 Egypt

that as a result of the COVID-19 pandemic, wreck and compared the dichotomy be - the world will definitely see the and will tween our rhetoric and our actions to that have more prominence of nationalism and of a make believe world.’ Ehud Olmert, populism since the bigger are getting more Former Prime Minister, Israel, further bigger and powerful. Even though that was added, ‘although the major global issues can the trend before, the gap is getting larger. be easily identified, only strong leaderships People will feel less and less empowered can solve them.’ and result in more importance of the role of tech companies. We now have a chance to take a step back and accelerate the trends in Technology is Running Amok favour of humanity. Xiaoyin Qu, Founder, Dan Mapes, Founder, Verses.io, USA, Run The World, USA stated that many are began the discussion by talking about the now investing heavily in the online world role of technology and about how we are which is a big shift toward technology. forced to adopt it to handle issues we are facing at the moment. David Smith, CEO, Zanstrasat, USA, highlighted the influence Our world in 2030 that satellite technology will have on the Simmone Filippini, President of future. Vivian Guo, President, Jackson - Leadership4SDGs, Netherlands, opened the ville Artificial Intelligence Group, USA, discussion by stating that the world’s situa- brought to light the security issues digital tion in 2030 depends on how we deal with users of today face and how significant it’s disarrays today. Danilo Türk, Former President of Slovenia, Slovenia, high lighted how the international communities failed to abide by the international sustainability policies. Arthur Mutambara, Former Deputy Prime Minister, Zimbabwe, ex - plai ned how countries pursuing their own national interests damage the social fabric of the global communities. Mohamed ElBaradei, Former Vice President, Egypt, said, ‘the present global trajectory is a train Arthur Mutambara, Former Ehud Olmert, Former Prime Minister, Israel Deputy Prime Minister, Zimbabwe

53 Caroline Kennedy, Author, Attorney, Maher Nasser, Director, Outreach Division, David Miliband, President and Chief Executive Former US Ambassador to Japan, USA UN Department of Global Communications Officer, International Rescue Committee (IRC), USA

improvements and solutions must be ging economies lost their jobs and salaries. developed to maintain the safety of the As per reports from McKenzie 1 in 4 women online population. David Bruemmer, ended up leaving the workforce taking the Founder, Adaptive Motion Group, USA, total to approximately 2 million women explained how human centered design worldwide. Black men and women have plays a major role in how technology is been able to recover only 15-20 % of the adopted in societies. Edson Prestes, jobs lost. But this pandemic has bought the Professor, UFRGS, Brazil, highlighted that workforce together, there is more sense of technology can also be risky to humans. understanding and people have been able to pay attention to their mental health not only on an individual level but on an organiza - Quietly a Revolution tional level. may be Fomenting The session started with the host, Anna Re-designing for post-COVID Tunkel, Head of Global Strategic Initia ti - ves & Partnerships, APCO Worldwide, USA, Equitable Growth mentioning the health impacts of COVID in The session was opened with the discus- the past 10 months. The discussion further sion on how post-Coronavirus worldwide highlighted the economic impacts. People monetary development is exceptionally working in 21 % developed and 50 % emer - dubious and will be lopsided over the world. One of the panelists expressed this as an opportunity to grow leaps and bounds. He explained this by giving one of his real-life experiences in India which has the highest number of 2 wheelers but still America’s biggest company Harley Davidson hasn’t been able to market. One of the panelists also expressed his opinion about how S&P 500 companies were still able to manage their finances and some companies like zoom, Amazon had their shares soaring high even in these unprecedented times. Pierre Buyoya, Former President of Burundi

54 Amany Qaddour, Director, Gideon Rose, Editor, Foreign Affairs, USA Sarah Wayne Callies, Actor, USA Syria Relief & Development Navigating Business in worst problems. Amany Qaddour, Di - a World on the Edge rec tor, Syria Relief & Development, USA, Moderator Richard Hames, Founder, spoke about the difficult situation in Syria Centre for the Future, Australia, started off and how it not only focused on holistically by stating that pandemics have the potential treating trauma and emergency services to influence many things including the ba - during the conflict. Sarah Wayne Callies, lance of global power. Joel Rubin, Former Actor, USA, feels that there will always be Deputy Assistant Secretary of State, USA, suffering, loss and displacement. David spoke about there being a huge uncertainty Miliband, CEO, IRC, USA, spoke about in the US. Calvin D’souza, Associate how NGOs help in finding solutions for Managing Director, Kroll, Canada, said that, such issues. Caroline Kennedy, Author, ‘during times of economic distress, there is USA, spoke about the ecosystem of funding an increased appetite for crimes.’ He stres - and the need to change the way we think as sed on the importance of people’s mental funders. health as an aspect of leadership that we must focus on. Vikas Shah, CEO, Swiscot Group, UK, highlighted that, ‘We have Building Trust post-COVID larger risks than ever before. Currently, Monica Marshall, Managing Partner, busi nesses can’t make long term invest - Ruder Finn, USA, speaking on building ment decisions due to uncertainty. They trust post-COVID, started the session by must adapt to the new world, and realise stating a Greek quote ‘Trust is like the air we their new responsibilities.’ breathe. No one notices it when it’s present, but only when it’s absent’. COVID has accelerated distrust in government as well Influencer Angels for Refugees as fake news. Lack of trust and leadership and Humanitarian Crises can fail the economy. Decrease in trust tends This session had the panellists discussing the to increase in activism which is volatile and devastating situation of countries around not dependable. We are living through a the world. Gideon Rose, Editor, Foreign pandemic, but we are facing a parallel Affairs, USA, the moderator started off by ‘infodemic’. As trust in traditional media sharing how his involvement with the IRC is decreasing, this leads to an increase in made him aware of some of the world’s usage of social media for information

55 Zach Conine, Nevada State Treasurer, USA Sanjeev Khagram, Director General and Dean, Christine Heenan, Founder and Chief Executive Thunderbird School of Global Management, USA Officer, Clarendon Group

purposes, which is mainly sentiment driven. Anthony Santiago, Director, Institute Humble and modest leadership is the need for Youth, Education, and Families, USA of the hour. spoke of deepening inequalities in eco no - mic prosperity. Wade Channell, Senior Economic Growth Advisor for Gender, Paving Professional Pathways for USAID, USA enthused that the problem can the Disenfranchised be fixed by acknowledging that historically. ‘From climate change to COVID, we are Zach Conine, Nevada State Treasurer, experiencing something unprecedented and USA, explained the need to refresh govern - have spared no one’, Murali Vullaganti, ment systems during the pandemic. Founder, PeopleShores, USA said, and set Vít Jedlicka, President, Liberland, stressed the tone for what should change in this cur - that liberty works and helps pull people out rent scenario. Joe Donovan, Director of of poverty faster. John Montgomery, Innovation & Entrepreneurship, Mississippi Founder, Lex Ultima, USA, shared that Development Authority, USA, said, ‘COVID there is a move toward multiple stakehol der has made us think about fundamental chan ge. models that provides a far greater rate of As leaders, there needs to be research and return to investors. André Navarro, CEO, thinking about disenfranchisement hori- Millennium Investment Bank, Portugal, zon tally.’ André G. Shearer, Chair man, emphasized that you can’t bring prosperity Indaba Foundation, USA, further added, unless you focus your resources. ‘Power has been corrupted on racial lines and we need an approach where everyone is uplifted.’ The way technology is progressing, Carbon Removal at Scale: it might lead to more and more disenfran - The Third Pillar of Global Climate chised. Digital fluency and education are Transformation very important and are the magic pill of Sanjeev Khagram, Director General the 21st century. and Dean, Thunderbird School of Global Management, USA, started the panel by speaking about the need to adapt to Ensuring inclusive prosperity sustainable energy and focus on climate Speaking about how collaboration is the restoration.Victoria Fine, CEO, Orb way to improve societal outcomes, Media, USA, spoke about the need to

56 Chris Gorell Barnes, Co-Founder, Farah Pandith, Senior Fellow, Kennedy School of Eduard Shalsi, Minister of State for the Blue Marine Foundation Government, Harvard University, USA Protection of Entrepreneurship, Albania

depoliticize the issue of climate change. entertainment industry has the possibility Frédéric de Mevius, Co-Founder, to unite us. He also mentioned that the most Planet First Partners, UK, stressed on the exciting and positive thing about the future involvement of larger corporations in is that we are all on a global platform. climate activism. Rick Parnel, CEO, Foundation for Climate Restoration, USA, emphasized the importance of restoring The CEO in age of disruption the oceans and atmosphere. Kathleen Globally, CEOs are under immense stress Rogers, CEO, Earth Day Network, USA, to perform. There is a greater need today explained the need to focus on partnering to think innovatively, set new goals, adapt with similar foundations to promote natural to change, and learn new skills to remain solutions to climate transformation. Lori relevant. Joe Hyrkin, CEO, Issuu, USA, Guetre, VP, Carbon Engineering, Canada, suggested ways to overcome disruption by spoke about the capital-intensive nature of differing with the very notion that we are large-scale scrubbing of carbon dioxide. in an ‘age of disruption’. He suggested to seize this opportunity to grow, create and to be new. Allen Morrison, Professor, The Emerging future is Bright In the beginning of the discussion, Edward Shenderovich, Co-founder, Knotel, USA, said, ‘the coronavirus pande - mic has truly disrupted the office world, but we all realised that work can be done remotely.’ Gregory Millen, Managing Director, Tailhit, New Zealand, spoke of how the future of work is creating a new divide. Before COVID-19 the divide was AI and what that could do to people. The new divide is those people, who need to prosper but have failed to do so in the physical world. Sandy R. Climan, Founder, Entertain ment Media Ventures, USA, further added that the David Mayer de Rothschild, Founder, Voice for Nature

57 Thunderbird School of Global Manage - ment, USA, in his initial remark defined the scope of the panel discussion which essen - tially summarises the crisis, CEOs are facing worldwide today. Whether it is pandemic, political, economic turmoil – the landscape is changing.

Leading Change, Thriving on Risk Talking about the rapidly changing times, Wendy Dent, Journalist, Guardian US, USA, began the session by highlighting current issues like the China vs USA war Hailemariam Desalegn, Former Prime Minister of Ethiopia of market supremacy, the upcoming US election, Brexit and other world order events. Panelists opined that we must learn made the majority of their land as a pro tec - from experience since we keep facing minor ted zone. Russ Feingold, Former Special or major crises often, but they occur in Envoy to the Great Lakes Region of Africa, cycles and can be predicted or curbed. USA, then highlighted how external coun - Then the discussion moved to all the issues tries are supporting Africa through fundings. worldwide and the roles powerful coun- tries play. Apart from these issues they contrasted the historic events with the small Redefining Philanthropy: patterns we see today and what risk they Using Data, Machine Learning could pose to the world. New factors like and AI to Inform Action and social media is the major dynamic which Drive Sustainable Impact can help us avoid the mistakes of the past. ‘Philanthropy has transformed from general giving to more targeted programs. In this technology driven world, data needs to be The Conservation Continent: available for our drive to do good.’ Doug Africa’s New Opportunity for White, Philanthropic Advisor, USA, quoted Development during the discussion on Redefining Philan - Discussing Africa’s opportunity for develop - thropy. Jim Rendon, Senior Writer at the ment, the panel spoke about how Africa was Chronicle of Philanthropy, USA, explained previously seen as the failed continent but that 75 % of charities did not have donors to has revived. Rashid Sumaila, Director, fund their technology. Dr. Joan LaRovere, Fisheries Economics Research Unit, Uni ver - Cofounder of virtue foundation, USA, sity of British Columbia, Canada, quoted mentioned small charities had technology, ‘Africa is an example of a collaborative bigger foundations can collaborate with continent and doesn’t require hard cash to them. Kate Bahen, Managing Director of invest into the right places and can be a force Charity Intelligence, Canada, said that due to reckon with by 2030. For the world to do to the power of data, donor focus has good, Africa’s development is very impor - shifted to food banks and women shelters. tant.’ Hailemariam Desalegn, Former On a closing note, all the speakers opined Prime Minister of Ethiopia, then moved on that donors will need to shift the focus to to discuss that many countries have already technology.

58 Civil Society: Transformation Corporate Leadership post-COVID: and Global Challenges Unite. Inspire. Create. ‘Private Sector cannot be successful if the During a discussion on Corporate Leader - civil society is not supporting it’ stated ship Francis Govers, Autonomy Lead, Bell Hanifa Mezoui, Director, AICESIS, USA. Helicopter, USA talked about how the firm The speakers in the session addressed their handled COVID-19 crisis by getting most view on global challenges and SDGs. staff to work remotely, but empha sized how Daniela Bas, Director, DISD, UN DESA, the firm being a high tech com pany could USA, said ‘The COVID 19 crisis has provi - transition quite smoothly. Joe Landon, VP, ded us the opportunity to rethink the existing Lockheed Martin, USA, said, ‘considering socio-economic policy framework in order the manufacturing nature of our company, to work better’. The change needed has to we couldn’t work remotely and had to be structural as we realize that the global take measures to maintain the wellbeing of challenges are interconnected. Munir our employees.’ George Yip, Professor, Akram, President, UN ECOSOC, USA, Imperial College London, UK, suggested added that, ‘We need to build back on the that post-COVID leadership has primarily basis of the blue prints which are the SDGs.’ been about doing more with less resources. Hence transformation needed has to start Dawn Ely, CEO, Palladium Group Inter - right from local level to national level to national, USA, suggested the need to alter SDGs to address these challenges better. our culture to help us make the working environment more people friendly. The Un-led Global Crisis Globally Green Policies post-COVID Miki Ebara, Chief International Speaking about the current global econo mic Correspondent, NHK World, Japan crisis, Lyric Hughes Hale, Editor-in-Chief, In the session of Globally Green Policies EconVue, USA, highlighted the need to post-COVID, panelists discussed how natural focus more on humanitarian areas and global sources of energies can be used in diffe rent leadership and coordination. The WHO is industries globally. They spoke about the underfunded and requires re structuring. importance of having zero acceptance Political leadership is weak and tech no logy poli cies in terms of the emissions from is changing the face of the world. Clyde the energies. The vision of the companies Hutchinson, Partner, Journey Partners, should align with such policies, only then a Ireland and Adel Afiouni, Former Minis - substan tial change can be seen. The pan de - ter of State for Investment and Technology, mic has also taught us that we can opt for Lebanon, spoke about the kind of leadership digi tal solutions which save a lot of energy Jeff Hoffman, Chairman, Global needed to lead the global crisis by taking the and re duce global emissions. A change in Entrepreneurship Network, USA financial and global market stand. A deve - govern ment policies is required where the loping economy is likely to pay decade long deadlines set to achieve low carbon foot - dues for structural failures. Emerging markets prints are closer to ensure their success. are facing these problems because of major Although we are still not close to achieving leadership gaps. Structural imbalances in a low-carbon life, continuous developments developing economies are extremely deep and innovations will definitely help us and have a severe impact on the population. accomplish our goals.

John Studzinski, Vice Chairman, PIMCO, USA

59 The Satisfying Zing of Cryptocurrencies Ramesh Raskar, Associate Professor, MIT, USA opened the conversation on ‘The Satisfying Zing of Cryptocurrencies’. Paul Sanar, CEO, Rio Advancement Inc, USA mentioned that Cryptocurrency is a great solution for COVID-19 and would provide an analytical approach to this Pandemic. This is a great opportunity to store bitcoins which has a tradable value. Benjamin Dahl, Co-Founder, Swedish Blockchain Association, Sweden added, Session ‘Mutuality amid COVID-19’ ‘we need our countries to open up and encourage open source development and innovation on the top of the network.’ the process and not the content. The spea - kers were also of the opinion that CEOs in today’s world have to rethink their strategy Mutuality amid COVID-19 and business models as the old business All the speakers mentioned that the com - models might not work. Incorporating a panies and businesses have switched to the sense of resilience, agility and having a survival mode by doing different things. culture renewal is important to motivate Some businesses are concentrating on the employees and implement effective orga - employee welfare and cutting external niza tional strategies. sources, some are sharing profits and re- sponsibilities with the employees and some are working on innovation as they believe it Reaching for the Future is the key to survival. An interesting point with Technology to note is that in Africa the women entre- The moderator, Alexis Taylor. Director for preneurs are collaborating more than before Global Engagement, Global Entre pre neur - in order to survive. More and more busi - ship Network, USA, started the discussion nes ses are moving from the stereotypical about how to be a system leader, what the shareholder focus to stake holder focus in right mindset is, and the right technology. order to survive as this pandemic has affec - He posed a question, ‘What is the right ted businesses in all fronts. infrastructure we need, to help create a better future we want?’.The speakers Swaha Pattanaik, added that now everyone is realising Global Economics Editor, Coaching in Times of COVID unfortunately due to the pandemic, that Reuters Breakingviews Speaking about coaching in the COVID-19 those who have money can get education, times, the speakers opined that COVID-19 bring in broad band to their homes, stay has changed and made us rethink every - connected and the majority don’t get thing. Nothing will go back to the way it this.Thoughts were shared about how new used to be even if there is a vaccine. First, business models are needed. The main the speakers spoke about what coaching topic of discussion re vol ved around the meant to each of them. Some said it is a fact that technology is the path to a transfer of knowledge and is objective brighter future. oriented and some said coaching is about

60 Dalibor Jevtic, Minister for Communities Jerry Hultin, Chair, Bintu Keita, United Nations Assistant Secretary-General and Return, Kosovo New York Academy of Sciences, USA for Africa

The State of the World: ‘COVID’ as ‘TSUNAMI COVID’ and stated A Strategic Assessment that the waste management system which The panel started off by acknowledging the was being converted into natural resources, fact that the entire world, regardless of the halted because of lower or no demand. One background, is in the same boat, more or of the panelists whose company produced less similar to times during the world war. parts for Renault Global, explained that it True leaders should look at each adversary wasn’t just the automobile industry that as an opportunity. The current state of the was affected but all the external suppliers world is really complex because of trans - too had to face the heat because of a sharp pa rency and overload of information. decline in demand for vehicles. COVID-19 has also pushed the world to find out certainty from all the uncertainty around and find solutions. The discussion Cluster Hubs Post-COVID then moved to how companies have adopted The session on Cluster Hubs Post COVID-19 to the extremely changing times. All pane - began with Manfred Zeuch, VP, Con - lists agreed that companies going forward cor dia University of Edmonton, Canada, should be modular in nature. Finally, the speaking about the rapid online shift after panel agreed that there needs to be more lockdown and how there has been growth in empathy and solidarity between countries skills and technology. Sashka Avanyan, to work together in a post COVID world. Co-Founder, Creopia, Armenia, said that after the pandemic hit, she realized people wanted to work with more value aligned Behavioral Changes Post-COVID projects. Evgeniya Shamis, Founder, Rick Noack, Reporter, The Washington Sherpa S Pro, Russia, highlighted that in Post, Germany, started this session discus - these unpredictable times, it’s good to be a sing how consumer behaviors have changed scientist, and work with technologies as due to COVID-19. One of the panelists money is being invested there. Jonathan spoke about how Greenland, a fishery, Greechan, Co-Founder, Founder Institute, mining, and tourist hub was impacted since USA, talked about entrepreneurs taking the mining and travel industry came to a the opportunity to expand holistically. halt. Sunday Adeojo, Co-Founder, Concluding the session, Pina Hirano, Biodry2Energy, UK, further went on to tag Founder, Asteria, Japan, mentioned that

61 Lynn Zovighian, Managing Director, Session ‘Advancing the Fifth Industrial Revolution’ The Zovighian Partnership, Lebanon

COVID-19 has brought many challenges Yali Saar, Founder, Tailor Brands, USA said, and hopes of generating many innovations. ‘We define and identify our own problems. We need to keep politics aside to find solu- tions for our problems.’ The new gene ra tion Greatest Transfer of Private Wealth: of technologies involves quantum techno - Next Gen Family Offices logies which will disrupt the current tech David Homan, Impact & Entertainment industry. As a society, we need to be Advisor, Dalio Family Office, USA started proactive to build a strong foundation. the discussion with an interesting view of COVID-19 has identified the systemic gaps many people in the world. The view that in our healthcare system. The session con - private wealth creation has led to many cluded by stressing on the need to look societal challenges in the world as well on inwards first rather than outwards. We need the sidelines. Lynn Zovighian, Managing to prioritize, develop metrics and make Director, The Zovighian Partnership, Leba - decisions on what is important. non, mentioned ‘the need to bring data to diplomacy’. Matthew Celenza, Founder and Chairman, Boulevard Family Wealth, Awakening to a Digital World USA, mentioned about his work in the Sylvia Vaquer, Co-Founder, US with ex-criminals and helping them SocioFabrica, USA, started the panel by giving the opportunity to build back their emphasizing how this crisis has exposed commu nities. The meeting concluded with the great divide be tween digital haves and Lynn Zovighian mentioning about her work have-nots. Florence Mauchant, Founder, in Lebanon and her plans for the future of NeverTechLate, USA, spoke about lack of her work. digital acceptance in older adults. Jon Soberg, Managing Part ner, MS&AD Ventures, USA, explained how COVID 19 Advancing the Fifth showed us that access to the internet and Industrial Revolution smart devices is crucial to profitable The growing realization that technology productivity. Amy Peck, Founder, cannot fulfil everything is leading us to the EndeavorVR, USA, stated that there has to fifth industrial revolution, said Isabel be a commercial/financial incentive for Maxwell, Founder, Magellan, USA. companies to cater to the digital needs of the

62 Luca Visentini, General Secretary, David Reiling, Chairman and Chief Executive Gunjan Sinha, Chairman, MetricStream, USA European Trade Union Confederation (ETUC) Officer, Sunrise Banks, USA

lower strata of society. Samuel Huber, Managing Attorney, Ahluwalia Law Offi ces, Founder, Admix.in, UK concluded the panel USA, introduced the change and scenario by emphasizing the need to support people in the current world where the number of who create accessible technology. immigrants into the US reduced from 100,000 to 18,000 when they started chan - ging laws and with COVID-19 it has come Venture Capital Post-COVID further down to 8000. Hans Köchler, The discussion centred on business perfor - Professor, University of Innsbruck, Austria, mances of various sectors during COVID-19 then spoke of the alarming issue of the mis - than venture capital forecast. There has been use of terms populism and multilateralism, a disproportionate and scattered impact of and how leaders have to learn that inter - COVID and the real picture of its impact national cooperation and multilateralism are still needs to emerge to predict behaviour key for growth. Sanjit Sethi, President, of investors. ‘People looking for purpose ful Minneapolis College of Art and Design, investment are the new addition to the due USA, then suggested, we must see all the diligence process essentially covering en - external factors to make decisions. vironmental, social and governance issues’, said Sari Miller,CEO, Sarjay, Inc., USA. There will be a significant surge in venture capital investment in healthcare and there has been a huge private equity infusion in the biotech sector too. The optimism is, macro-markets have remained healthy, and surely businesses which are more compliant to consumer needs and safety protocols are likely to thrive during the pandemic.

Populism vs Multilateralism The session moderator was Brendan Davis, Producer and Partner, International Trouble - makers Inc., USA. Pallavi Ahluwalia, Lakshmi Puri, Former Assistant Secretary-General, United Nations, USA

63 Horasis Young Visionaries

Horasis Young Visionaries Announcing the 2021 The session comprised the next-generation Horasis Global Meeting changemakers. These people are the cata- Bernardo Correa de Barros, Presi dent, lysts for change. Yonca Braeckman, Visit Cascais, Portugal thanked the estee- Co-Founder, Impact Shakers, Portugal, is med panelists and affirmed the commitment heading an African-based company called of the City to hosting the Summit in 2021. LIVE AFRICA which supports tech, educa - Referring to the pandemic, he shared his tion, and other impact projects. Notably, city’s decision to protect its most impor- everyone was talking about different ways tant assets – its’ people. The President to make the world a better living place by pointed out that his city is a role model for using AI, ML, and other new technologies. public service, where the private and public Sai Gole, Co-Founder, BharatAgri, India, sector work together. Speaking about the is running an Agro-based company in India warm people and entrepreneurial atmo- which is helping farmers increase their sphere of the city, he divulged that his production but at the same time with low government has established agencies to production cost. Okka Phyo Maung, facilitate foreign business and investment. Founder and CEO, Recyglo, Myanmar, spoke He expressed his delight at welcoming the about his company Recyclo working on a summit to the city – Cascais! The charm of circular economy waste solution using AI, the Atlantic Coast. ML, and improving the traceability of waste.

64 Business opportunities were identified during discussions on the digital side-lines of the event.

Closing the Gap on Gender Equality and Women’s Leadership

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