Data, AI, and the Law: A Board's Balancing Act with Sonja Read and Sam Burrett | Ep. 100
Release Date: 11/19/2024
Board Shorts Podcast
Finding and getting onto a Board is a strategic game, not a job hunt. This episode covers the necessary tools, networking strategies, and the recruitment process to ensure you move further, faster, and land on a Board where you can contribute at your highest level. In this episode, I share: Why the "Traditional" Approach Fails: I explain why waiting for advertisements and using a standard resume is slow, highly competitive, and largely ineffective, as approximately 90% of Board roles are not advertised. The Essential Tools You Need: Strategic Board...
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Do I have the right skills and experience for a Board? I’m back for Part 2 of our three-part series to guide you through the vital self-assessment step on your journey to the Boardroom. The big question: Do I have the right skills and experience to join a Board? The answer is almost certainly yes, but the key is finding the right Board that needs what you offer right now. In this episode, I help you: Define Your Whole Value: Your Unique Board Value Proposition (UBVP) is more than just your professional expertise. I explain why the "whole...
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In this essential and powerful episode, I am joined by Gomeroi man, Kyol Blakeney, who generously shares his profound insights into navigating the world of governance as an Indigenous leader. Kyol provides a candid look at the experience of "walking in two worlds"; from his personal journey transitioning from a small home community to joining several prominent Boards, and reveals what true inclusion requires. This conversation is a crucial call to action for every Director and Executive committed to creating genuinely diverse Boardrooms. In This Episode, We...
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AI is a hot topic, and its presence in the Boardroom is reaching a "fever pitch." In this episode, I revisit the topic of AI with Board administration guru, Suzanne Rowe, to get her current, real-world take on the rapidly advancing landscape. Suzanne and I dive into the evolving use of AI for Board Members and Board Administrators, from meeting preparation to minute-taking. We share our candid concerns and enthusiasm, covering the necessary considerations for proper adoption, the tribulations that arise from improper use (or no use at all), and the...
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This episode kicks off a three-part series designed to help aspiring Board Members navigate the world of Board service. This first instalment tackles the most critical question: What does a Board Member actually do? We'll go beyond the Boardroom to shine a light on the full scope of the role, including the risks, commitments, and rewards. This episode addresses: The Core Responsibilities: the fundamental legal duties of an Australian Board Member/Company Director. We also break down the crucial difference between governance and management. Beyond the Boardroom: Discover the commitments that...
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How can Board Members navigate the rapid evolution of AI without succumbing to fear or hype? As a "Geriatric Millennial," I'm sharing how I’m navigating this rapidly evolving technology without falling into the trap of hype or fear. While GenAI presents risks, it also offers significant opportunities that Boards must understand and govern effectively. Key Takeaways for (Human) Board Members Human-in-the-Loop Approach: The most effective use of GenAI requires human interaction to correct for biases, hallucinations, and misinformation. Using it as a "colleague" rather than a...
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Watermark Search International – an executive and Board search firm – recently released their (somewhat) annual . This index reviewed the 2,100 Board Seats across the ASX300 Boards and evaluated those seats on a range of diversity attributes. As I read through this report, a few things jumped out at me that are worth diving a little deeper into, particularly for aspiring Board Members. In this episode, I discuss Formal Governance Credentials and Board Member Qualifications (do you need one to join a Board?), Director Location (competition for Board roles is international), and Age...
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Welcome to a special masterclass edition! In this episode, I'm sharing the full recording of my live masterclass, originally held in our vibrant . If you've been wondering how to genuinely break into the Boardroom and truly make an impact, this episode is your strategic roadmap. I dive deep into the underlying theory and practical application of my proven 8-step approach from the Break into the Boardroom course. This isn't about luck; it's about intentional strategy. In this comprehensive masterclass, you'll discover: How to set a precise Board Goal: Defining where your first or...
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Just landed that Board seat? Congratulations! But the real journey starts now. Your first 90 days as a Board member are critical for establishing credibility, building relationships, and making a tangible impact. In this episode, we'll walk you through a practical roadmap for making the most of your time as a baby Board Member. In this episode, you'll learn: Five essential self-onboarding strategies to get you up to speed quickly and independently, from deep-diving into foundational documents like the constitution and Board charter, to strategically introducing yourself to the wider...
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Congratulations, you've landed a Board seat! Now, what happens inside that Boardroom? This episode tackles the anxiety of your first Board meeting, sharing practical ways to build confidence and hit the ground running. This episode demystifies what to expect, covering: The Typical Board Meeting Flow: Understand the agenda, from "in camera" sessions to key reports and decision points. Essential Documents & Effective Reading: Learn about strategy updates, CEO reports, financials, and risk updates – and Lisa's method for efficiently processing large Board packs. Board Pack &...
info_outlineIn this episode, we dive deep into the world of AI governance. It's no longer just a tool for generating creative content; AI is becoming an integral part of businesses across industries. But with great power comes great responsibility, especially when it comes to ethical and legal considerations.
Join me as I chat with two experts, Sonja Read and Sam Burrett from MinterEllison, to unravel the complexities of AI governance. We explore:
- Defining AI: What exactly is AI, and how does it differ from traditional technology?
- Legal Landscape: How does Australian law intersect with AI, particularly in terms of privacy and data protection?
- Governance Frameworks: What steps can boards take to establish effective AI governance frameworks?
- Risk Management: How can organisations identify and mitigate AI-related risks?
Whether you're a seasoned board member or just starting to explore the world of AI, this episode will provide you with valuable insights and practical advice. So, let's embark on this journey together and demystify the world of AI governance.
100th Episode Celebration
To take advantage of the 100th Board Shorts Podcast episode gift of $100 off Boardroom Bootcamp and Break into the Boardroom courses until 26 November 2024, visit getonboardaustralia.com.au/academy/ (or use the direct links above) and use the code boardshorts100 at checkout.
Mentioned and Useful Links
[OAIC Guide] Guidance on privacy and the use of commercially available AI products
[OAIC Guide] Guidance on privacy and developing and training generative AI models
Responsible use of AI: New Australian guardrails released
OAIC clarifies artificial intelligence (AI) privacy obligations
ASIC Report on AI Governance and Innovation in Financial Services
REP 798 Beware the gap: Governance arrangements in the face of AI innovation | ASIC
Director’s Guide to AI Governance
Australian National Artificial Intelligence Centre
NIST AI Risk Management Framework
The EU Artificial Intelligence Act
Connect with Sonja on LinkedIn