Deglobalization, Public Policy, and Government Intervention — with Dambisa Moyo

Ethical Oversight

Ethical oversight in corporate governance is becoming increasingly crucial as companies navigate complex issues like data privacy and ESG considerations. Dambisa Moyo highlights the need for boards to have greater visibility on ethical matters, suggesting the establishment of ethics committees to address these challenges. She questions the trade-offs between rapid medical advancements and data privacy, especially in jurisdictions with less stringent data regulations, such as China 1.

I think boards need to have more visibility around ethical issues as one area. So there are some companies that are going as far as thinking about having ethics committees on the board.

--- Dambisa Moyo

Moyo also emphasizes the importance of understanding the role of corporations in addressing climate change and ESG compliance, particularly in relation to investments in countries like China 1.

   

Board Dynamics

The evolution of corporate governance structures is a topic of interest for Dambisa Moyo, who notes that while boards have existed since 1674, fundamental changes have been minimal. She points out that many people, including employees, often misunderstand the board's mandate and its capacity to influence change 2. Moyo suggests that despite historical challenges, such as those faced during World Wars, there are opportunities for improvement in governance structures.

Boards have been around since around 1674, and, you know, by and large, we haven't changed that much.

--- Dambisa Moyo

She advocates for a deeper understanding of the board's role and the potential for structural changes to enhance corporate governance 2.