DIGITAL TRUST SUMMIT - A Leadership Summit for CEOs and Board Members
March 31, 2023
The Watson Institute at Brown University, The Conference Board, NASDAQ, Mayer Brown and Bank of America are convening the first in-person Digital Trust Summit on March 31, 2023 at Brown University. The purpose of the Digital Trust Summit is to bring together CEOs and Board members to engage in a thorough discussion of ways of shaping digital culture to create true data leadership – thereby driving value and, importantly, reducing exposures to loss. Speakers include Brian Moynihan CEO of Bank of America, Rosalind Brewer CEO of Walgreens, Dr. Lori Esposito Murray, President of the Committee for Economic Development, Julie Brill, Chief Privacy Officer, Microsoft and Christine Moy, Partner, Head of Digital Assets, Apollo. At the Summit, CEO and Board member participants will explore ways in which they can set the intention to innovate through a culture of data ethics. This framework will allow leaders to anticipate, address and implement a culture that enhances responsible data stewardship.
Why CEOs and Board Members Need This Summit.
Data is your company’s most important asset. Unlike other assets, however, data does not appear as an express line item on a balance sheet. Good will does. Digital innovation is on the rise. Global artificial intelligence spending is expected to reach $434 bn in 2022 and will exceed $500 billion in 2023. Since the pandemic, companies have placed their digital strategies on overdrive. Whether AI is used to drive digital asset growth, blockchain, digital advertising, customer analytics, healthcare, financial services, education or national security, AI is at the core of the digital innovation that is crucial for companies.
However we have seen in the press how data and technology advances can go awry when attention to data leadership and ethics is not maintained from the top of the organization. Here are just a few examples:
- NASDAQ listed companies lost over $1.4 trillion in market cap in 2022 due to data privacy.
- Concerns regarding algorithmic bias are on the rise around the globe. In the fall 2022, 3 transformative legislative proposals to eliminate biased algorithms and increase accountability were launched in the US, EU, and Brazil.
- The FBI estimates that cybercrimes cost our global economy $6.9 trillion last year. These costs will rise to 10.5 trillion by 2025. If data breach were a country it would be the 3rd largest GDP behind the US and China.
- The FTC recently named a CEO individually liable for a 20 year consent decree relating in part for failing to implement “basic” security measures.
- Recently, the US Department of Justice instituted a policy of holding CEOs and other leaders accountable for their compliance program that are increasingly covering data.
Whether as a by product or a result, Axios reported in 2022 that:
- “Trust in tech companies has continued to decline in the U.S. and Canada, while rising in most of the rest of the world. That's according to fresh data from Edelman's annual 2022 Trust Barometer, shared first with Axios.”
- “[O]nly 54 percent of Americans trust tech companies to do the right thing.”
Companies investing aggressively in their digital strategies have created value for their shareholders. In fact, Axios has reported that companies demonstrating a “data privacy-forward” approach have enjoyed an increase in market cap of over $2 trillion -- even as market caps have broadly declined.
March 31, 2023
8:00 - 9:00
Breakfast and Registration
9:00 - 9:25
Ed Steinfeld, Director, Watson Institute
Raj De, Partner, Mayer Brown
9:05 - 9:25
Fireside Chat with Brian Moynihan
Brian Moynihan, CEO Bank of America, in conversation with Dominique Shelton Leipzig, Partner, Mayer Brown
9:25 - 11:40
Intentional Innovation: Responsible Data Algorithmic Practices
9:25 - 10:10
AI and Reimagining the Future
Julie Brill, Chief Privacy Officer, Microsoft, AI Trust Principles Explained
Keith Enright, Chief Privacy Officer, Google; Board Member, Zoominfo, Issues Covered by Trust
Ellie Pavlick, Brown University, Google AI, Generative AI Explained for the Business executive
Moderator: Dan Bigman, Editor & Chief Content Officer, Chief Executive Group
10:15 - 10:50
Solutions: Implementing an AI Bill of Rights and Embedding Human Focus
Suresh Venkatasubramanian, Professor, Brown University, Exploring AI and Trust Governance
Renata Rawlings-Goss, Board of Directors, US Ignite, Algorithmic Bias
Rashida Hodge, VP, Azure Data and AI | Customer Success, Microsoft
Moderator: Dan Bigman, Editor & Chief Content Officer, Chief Executive Group
10:50 - 11:00
11:00 - 11:25
The Future with a Futurist
Mo Gawdat, Author, Scary Smart
11:30 - 12:00
Shuttles to University Club Luncheon
12:00 - 1:00
Luncheon and Fireside Chat with audience engagement
Kemba Eneas Walden, National Cyber Director (acting) in conversation with Raj De
1:00 - 1:30
Shuttles to Watson Institute
1:35 - 2:00
Jennifer Bachus, Principal Deputy Assistant Secretary for the Bureau of Cyberspace and Digital Policy, in conversation with Dominique Shelton Leipzig
2:05 - 3:30
Aligning Expectations for Use With Actual Use Practices
Dominique Shelton Leipzig, Moderator
2:05 - 2:30
Privacy and Protect
Dr. Lori Esposito Murray, President, Committee for Economic Development, The Conference Board
John Savage, Professor, Brown University
Derek Reveron, Chair, National Security Affairs Department, Naval War College
2:35 - 3:00
Leadership and Trust
Kulleni Gebreyes, US Consulting Health Sector Leader, Deloitte
Chris Hetner, Special Advisor for Cyber Risk, NACD; Board Member, TGIC
Ambar Chowdhury, Member of US Board, Deloitte
Alonzo Barber, Associate General Counsel, Microsoft
3:05 - 3:30
Practical Suggestions for Boards and CEOs re: Trust Governance
Kris Pederson, EY Americas Center for Board Matters Leader
Norris James, Executive in Residence EY Center for Board Matters
Christine Moy, Partner, Head of Digital Asset Strategy, Apollo
Byron Loflin, Global Head of Board Advisory, Nasdaq
3:30 - 3:50
3:50 - 4:30
Solutions for Leadership and Digital Trust: Audience Discussion
Facilitator: Dan Bigman, Editor & Chief Content Officer, Chief Executive Group
Discussion to include comments from:
Craig Froelich, Chief Information Security Officer, Bank of America
Christine Frye, Chief Privacy Officer, Bank of America
Pamela Jones Harbour, Board Member
Agnes Bundy Scanlan, Board Member Truist
Khwaja Shaik, Chief Technology Officer
4:30 - 5:00
The Journey Toward Being a Trusted Digital Leader
Rosalind Brewer, CEO, Walgreens Boots Alliance, in conversation with Dominique Shelton Leipzig
5:00 - 5:15
Paul Washington, Executive Director, Environmental, Social & Governance Center
The Conference Board
5:15 - 6:30
CEOs and Board members from public and private companies will attend.
Resources to review regarding data leadership are gathered below.
The rapid advancement of artificial intelligence (AI) and its wide availability to the general public has sparked a debate regarding the safeguards necessary to ensure that AI is used ethically and for the benefit of humankind.
On April 5, 2023, The Conference Board Publishes Blog Post describing 10 Steps Boards Can Affirmatively Take to Establish Trust In Their Responsible Data Stewardship.
Rosalind Brewer Teaches Business Innovation
Ukraine Crisis: 10 Key Questions...Cybersecurity
Critical Privacy Elements in ESG Scoring
Expert Explains Cybersecurity
Today’s headlines make clear that privacy and cybersecurity have moved beyond IT and legal compliance issues and are now environmental, social, and governance (ESG) benchmarks vitally affecting market caps and shareholder values.
Earning Digital Trust: Decision-Making for Trustworthy Technologies
Report by the World Economic Forum
Digital trust is the expectation by individuals that digital technologies and services – and the organizations providing them – will protect all stakeholders’ interests and uphold societal expectations and values. Additional information on the World Economic Forum's website >
Cybersecurity and International Relations - Topics of Current Interest
A curated list of resources compiled by Prof. John E. Savage of Brown University
Stephen Robert '62 Hall
True North Classroom
280 Brook Street, Providence
Shuttles will run from the Aloft Hotel, the Beatrice Hotel, and Hope Club to the Summit venue from 8:15 a.m. to 8:45 a.m. Please meet the shuttle directly in front of your hotel.
For those driving
Visitors may utilize the self-pay Power Street Parking Garage, located at 111 Power Street. The visitor entrance is located at the intersection of Power and Thayer Streets. The garage contains two pay stations, which are located at the front and rear of the garage. Please locate an empty parking space, purchase your visitor parking permit via one of the pay stations, and place your receipt permit on your vehicle dashboard (hourly and daily rates are available). The daily flat rate of $15.00 is valid for the calendar date of purchase only and does not allow for overnight parking.
There will be an alcove available for on-site luggage storage in True North throughout the day. Please ask a staff member for assistance when you arrive.
There are no organized transfers between the airports and the Summit. Please plan accordingly.