Nicosia, Cyprus. Ioannis Georgoulas, president of the Association of Electronic Money and Payment Institutions (ACEMPI), participated in a corporate governance panel at the launch of the Cyprus Institute of Directors and Corporate Governance (CyIoDCG) in Nicosia.
Participation at launch event
According to an announcement released on Tuesday, Georgoulas, whose association operates under the umbrella of the Cyprus Chamber of Commerce and Industry (Keve), took part in the discussion as part of the event marking the institute’s formal commencement of operations. The announcement added that he also serves as a non executive director of ECOMMBX Ltd.
Focus of the panel discussion
Georgoulas participated in a panel titled “Radical Geoeconomic Shifts Governance at the Frontline of Board Value.” The discussion focused on the role of boards of directors amid major geoeconomic shifts and increasing uncertainty in the international economic environment.
Board responsibilities and strategy
Participants examined how boards are increasingly required to move beyond traditional roles centred on compliance and supervision. The discussion highlighted the need for boards to adopt more independent, multidimensional and strategic thinking to address challenges created by rapidly changing economic conditions.
Capital management and resilience
The panel also addressed issues related to the management and allocation of capital in an uncertain environment. Participants explored ways organisations can strengthen resilience and adapt to evolving global dynamics.
Stakeholders and sustainable value creation
Another key point raised concerned the importance of balancing the safeguarding of stakeholders’ interests with ensuring sustainable value creation for shareholders.
What role do you think boards of directors should prioritise during periods of major geoeconomic uncertainty?
