The Institute of Directors (IOD), India hosted the (Tristar) IOD UAE Global Convention 2025 on Leadership for Business Excellence & Innovation and Presentation of Golden Peacock Awards during April 22 – 25, 2025, at Habtoor Palace Dubai, UAE, bringing together over 500 industry & business leaders, Board Members, Regulators, policy-makers, and IOD members. A total of 17 countries participated, besides India, including the USA, UK, Japan, UAE, Russia, Canada, Qatar, Oman, Saudi Arabia, Singapore, South Africa, Congo (Africa), Bahrain, Maldives, South Korea, Kenya and Nepal. There were more than 500 delegates over four days. The theme was “Boards in a Rapidly Changing World: Innovative Strategies for Resilience and Sustainability.”

The event served as a critical platform for collective reflection and forward-thinking. Deliberations underscored the urgent need for boards and leadership to adapt, innovate, and steer organizations through complexity, while remaining anchored in purpose and governance excellence.

The Convention also recognized and celebrated the outstanding achievements of corporates through the Golden Peacock Awards, 2025, which continue to set benchmarks for Business Excellence, Training, Quality, and Innovation globally.

It explored the shifting dynamics, unprecedented geopolitical shifts, economic uncertainty, environmental imperatives, and rapid technological disruption in an era where businesses are expected to be active partners in societal progress.

DAY 1, APRIL 22, 2025
Habtoor Palace Dubai, Al Habtoor City, Sheikh Zayed Road, Dubai (UAE)

PLENARY SESSION I:

Opening Session

The event commenced with the Title Partner - Tristar Group's video presentation showcasing their journey towards a global expansion empowered by their vision by harnessing innovative technology for sustainable future.

The 'Opening Address' was delivered by:

Lt. Gen. Surinder Nath, PVSM, AVSM (Retd.)
President
Institute of Directors, India

Lt. Gen. Nath extended a warm welcome to the assembled dignitaries, speakers and delegates. His Address elaborated the theme “Boards in a Rapidly Changing World: Innovative Strategies for Resilience and Sustainability” and it underscored the urgent need for visionary leadership. He emphasized on embedding Sustainability into business practices, while promoting localized supply chains, and innovation-led growth. He further underscored the role of creativity, digital transformation, and adaptive leadership in managing disruption and fostering longterm values. He called on directors, especially Independent Directors, to be more vigilant and proactive in the evolving governance landscape. With India targeting a $5 trillion economy by 2028, he emphasized the potential of global partnerships, particularly with the UAE, to shape a resilient and inclusive business future.

This was followed by a 'Special Address' delivered by:

Mr. Nehal Vora
Managing Director & CEO
Central Depository Services Ltd., India

Mr. Vora set the tone for the event by highlighting “The Role of Boards in Future Management.” He focussed on three parts, namely high volatile and rapidly changing world, geopolitical issues diverseness and uniqueness. With the growing role of technology such as growing AI and Quantum Computing, boards need to equip themselves with these changes as paradigms have changed in the last 100 years. From tectonic shifts in environment to rapidly changing human resource in new Gen Z world, boards need to change and evolve. Boards need to deliver on three key roles, i.e. ensure effective succession at management level; supervision through constructive criticism; and setting the tone of the motto “We are all in it together.” He concluded that these three KPIs will result in Speed, Scale and Scoping that will lead to building a culture of trust between the boards and their companies.

This was followed by a 'Theme Address' delivered by:

Mr. Campbell Wilson
CEO & Managing Director
Air India

Mr. Wilson highlighted the crucial role of competitive competency, establishment of board, leadership team, institutional governance and change in the culture of the organization in the transformative journey of the Air India. Reconstitution of the board, contemporary set of skills and a mind-set that allows to embed a culture of performance, compliance, meritocracy and customer eccentricity that will eventually leads business to thrive. All of these aspects play a crucial role in revamping and redefining the world class experience of the airlines. He concluded by adding, “The focus is on restoring Air India's legacy and achieving global recognition as the Airline for the World.”

This was followed by a 'Keynote Address' delivered by:

Mr. Eugene Mayne
Founder and Group CEO
Tristar Group, UAE

Mr. Mayne's Address centred on the concept of “Regenerative Capitalism.” He introduced 'regenerative capitalism' as a necessary evolution, shifting from profit-maximization to a model that actively restores and renews systems. While traditional capitalism has driven progress, it has often done so at a cost. Regeneration goes beyond sustainability, asking how businesses can give back more than they take. He stressed that regeneration requires both reflection and action, urging leaders to move from reactive adaptation to proactive change. This means investing in the health of surrounding systems, redefining value creation, and embracing accountability not just for what businesses build, but for what they leave behind.

This was followed by the 'Guest of Honour Address' delivered by:

H.E. Abdulla Ahmed Al Saleh
Undersecretary
Ministry of Economy, UAE

H.E. Al Saleh applauded IOD India's efforts in promoting transparency, accountability and good governance in boards. He shared the long-standing and ever growing partnership between UAE and India as a testament to global bilateral relations aimed at achieving sustainable development and common interests. In today's highly interconnected global economy, the credibility of both formal and informal institutions alongside private sector plays a crucial role in crafting policies that foster economic progress. Good governance and economic prosperity are deeply interlinked. They serve as foundation pillars upon which the prosperity of UAE continues to build, emphasizing inclusive economic growth and opportunities for all.

This was followed by Release of the Convention Souvenir and Tristar Sustainability Report.

PLENARY SESSION II:

Inaugural Session

The 'Welcome Remarks' were delivered by:

Lt. Gen. Surinder Nath, PVSM, AVSM (Retd.)
President - Institute of Directors, India

Lt. Gen. Nath welcomed all the dignitaries and participants to the 32nd World Congress on Leadership for Business Excellence & Innovation. He acknowledged the distinguished presence of H.H. Sheikh Nahayan Bin Mubarak Al Nahayan, under whose patronage the Annual IOD Conventions have thrived over the years. He underscored the growing India-UAE partnership and the role of IOD Conventions in fostering bilateral collaboration, creativity, and sustainable development. He highlighted the significance of the Golden Peacock Awards in motivating Corporate Excellence and contributing to raising universal business standards.

The 'Patron & Chief Guest Keynote Address' was delivered by:

His Highness Sheikh Nahayan Bin Mabarak Al Nahayan
Hon'ble Cabinet Member and Minister of Tolerance & Coexistence, Govt. of UAE

H.H. Al Nahayan welcomed the attendees and senior Directors, and highlighted the strong and growing ties between India and the UAE. He emphasized the need for effective, values-based leadership rooted in integrity, transparency, and care for people. Leaders, he noted, must set high standards, act as role models, embrace change, and ensure accountability. He stressed that social responsibility enhances both business success and overall global well-being, and that leadership plays a key role in fostering international cooperation. His Highness concluded by congratulating all the Winners of the Golden Peacock Awards for their commitment and contribution to shaping a better future. He welcomed them to the UAE.

This was followed by 'Felicitation of IOD Distinguished Fellowship' to:

1. H.E. Lt. General Mohammed Ahmed Al Marri
Director General
General Directorate of Residency and Foreigners Affairs, Dubai

2. H.E. Abdulla Ahmed Al Saleh
Undersecretary - Ministry of Economy, UAE

The function reached to closing, with the Presentation of Golden Peacock Awards for the year 2025 under the following categories:

• Business Excellence
• Quality
• Training
• Innovative Product / Service

The Awards added an illustrious touch to the entire proceedings by honouring organisations for their commitment to Best Business Practices and Excellence.

All the winners were present in the ceremony and personally received their Awards, having travelled to UAE from various countries for this prestigious event. A detailed list of the Award Winners is provided in this issue from Page 95 to 106.

The Inaugural Session concluded with a 'Vote of Thanks' proposed by:

Mr. Ashok Kapur, IAS (Retd.)
Director General - Institute of Directors, India

Mr. Kapur proposed the Vote of Thanks at the close of the session of the IOD UAE Annual Global Convention, 2025. He expressed deep gratitude to the distinguished dignitaries and esteemed speakers for their insightful contributions. He especially acknowledged the support of Tristar Group and other event partners, and lauded the shared commitment to ethical leadership, resilience, and Corporate Excellence. He also recognized Awardees and their achievements that underscored the Event's core values, setting the stage for fruitful deliberations in the following 3 days.

H.E. Lt. General Mohammed Ahmed Al Marri is the Director General of the General Directorate of Residency and Foreigners Affairs in Dubai. He is a prominent and well respected figure in the UAE, renowned for his exceptional leadership and unwavering dedication to public service. With a distinguished career spanning decades, he has played a pivotal role in shaping the policy landscape of Dubai and the UAE.

He began his career in 1980 at the Dubai Police Academy, and swiftly moved up the ranks, showcasing his dedication to public service. In 2008, he was appointed Director of the Citizenship and Residency Department in Dubai, where he oversaw significant reforms and innovations. As Director General of Residency and Foreign Affairs in Dubai, he introduced numerous initiatives to enhance public service delivery and attracted investments to improve the quality of life for citizens.

Under his dynamic leadership, Dubai Residency gained wide global recognition, achieving numerous awards. He also led initiatives such as the Dubai Work Package, the Unified Residence Application Package, and the Smart Travel Project, which streamlined residency processes and elevated customer experience. His focus on Sustainability, Economic Growth, and Digital Transformation aligns with the UAE's futuristic Vision 2031.

He is recognized internationally as one of the most influential and intelligent Arab leaders. His vision to establish Dubai Residency as a global leader in public services underscores his commitment to excellence, innovation, and a customer-centric approach. His visionary leadership and unwavering commitment to excellence have propelled Dubai Residency to new heights.

The Institute of Directors, India is delighted to felicitate H.E. Lt. General Mohammed Ahmed Al Marri in recognition of his exemplary leadership and setting a rare example of service & dedication to national causes, it has greatly enhanced security, governance, and the safety of all communities in the UAE. His strategic vision and commitment to excellence have been instrumental in strengthening UAE's security framework and has fostered a culture of integrity and self-reliance.

H.E. Abdulla Ahmed Al Saleh, Undersecretary at the UAE Ministry of Economy, stands amo the country's most distinguished officials, with over 32 years of exemplary public service. His early diplomatic tenure includes key posts at the UAE embassy both in Washington, D.C., and Paris, as well as in the Office of the Deputy Prime Minister of the UAE (1998–2000). Since joining the Ministry of Economy in 2004, he has held a series of sensitive posts – Assistant Undersecretary for International Economic Relations, Undersecretary

He is a board member of the UAE Gender Balance Council, the UAE Artificial Intelligence and Blockchain Council, and the UAE Digital Economy Council. He is the Vice Chairman of the Board of Trustees of the National Fund for Corporate Social Responsibility and Chairman of the Competition Committee. He also serves in the Higher Committee for Consumer Protection, and is the Secretary General of the Economic Integration Committee, in addition to being a member of the UAE Tourism Council. He holds board positions with the Emirates International Accreditation Center and the Arab Planning Institute, and serves on the UAE Trade Negotiation Team, the ICV Policy Committee, and several academic Advisory Boards.

The Institute of Directors, India, is delighted to felicitate H.E. Abdulla Ahmed Al Saleh in recognition of his exemplary contribution to economic governance and international trade diplomacy; it has elevated the UAE's standing on the world stage. His visionary leadership has played a pivotal role in shaping the UAE's forward-looking economic strategy, deepening international trade relations, and championing innovation in digital and sustainable growth. Through his tireless efforts, the UAE has emerged as a global model for economic resilience, diversification, and strategic global engagement.

PLENARY SESSION III:

Keynote Session

Leadership Dynamics in the 21st Century

The session was moderated by:

Ms. Michal Michelle Divon
Head of Shows
Khaleej Times, UAE

The Session had the following distinguished speakers:

1. Mr. Ashok Chandra
MD & CEO - Punjab National Bank, India

2. H.E. Hussain Al Mahmoudi
Chief Executive Officer
Sharjah Research Technology and Innovation Park (SRTIP)

3. Mr. Vijay Karia
Chairman and Managing Director
Ravin Group of Companies, India

4. Mr. Jose Charles Martin
Chairman & Managing Director
Charles Group, India

5. Dr. Siddeek Ahmed
Chairman & Managing Director
Eram Holdings, Saudi Arabia

6. Dr. Arshi Ayub Mohamed Zaveri
CEO & Senior Advisor
Royal Family Offices, Trust with Trade Group, UAE

Ms. Divon moderated the session, and emphasized that leadership is being tested as never before due to global crises, digital transformation, and growing calls for ethical governance. She noted that in an era of uncertainty, adaptability has become essential. She highlighted the need for leaders to not only navigate disruption but to lead through it. The session explored key traits for effective & modern leadership today, including resilience, agility, and cultural intelligence.

Mr. Chandra shared that effective leadership is built on five core values: Honesty, Sincerity, Integrity, Magnanimity, and Sacrifice. He emphasized the importance of transparency and an agile mind-set in today's fast-changing environment. Organizations that adapt to change survive; those that lead change thrive. True leaders, he added, are change agents who foster innovation and trust. Reflecting on the COVID-19 pandemic, he noted that only agile, value-driven organizations were able to navigate uncertainty successfully. Leaders who embody these principles position their organizations for long-term resilience and growth.

H.E. Mahmoudi emphasized 'Vision' as a cornerstone of leadership, highlighting the UAE's and Sharjah's commitment to education, culture, and innovation. Citing his experience with the Sharjah Technology Park, he praised His Highness Sheikh Dr. Sultan Qasimi for turning vision into long-term impact through institutions focused on research and knowledge. The Sharjah Technology Park targets key sectors like healthcare, sustainability, mobility, and advanced manufacturing, backed by robust infrastructure and policy support. He stressed the importance of strong partnerships, noting India and IOD as key collaborators. He concluded that visionary leadership, aligned with long-term goals and adaptability, is essential for organizational growth and national transformation.

Mr. Karia shared his perspective on Leadership as two-fold: Becoming a Leader and Remaining One. Becoming a leader requires the courage to speak the truth and stand by one's beliefs, even against opposition. Remaining a leader demands humility the ability to listen, adapt, and embrace diverse perspectives. He emphasized that leadership is not solely shaped by personal judgment but by understanding others. Drawing a distinction between leadership from management, he noted that true leaders must act with integrity, motivate during challenges, and lead with empathy. They do not seek recognition but walk alongside or empower others to lead. A lasting leader builds more leaders, not followers creating a legacy of growth, vision, and sustainability rooted in principled action and Emotional Intelligence.

Mr. Martin emphasized the unique dynamics of family-run businesses, highlighting that emotional decision-making often takes precedence over logical analysis due to the involvement of multiple family members. While this can foster unity, it may also hinder growth compared to professionally managed organizations with clear hierarchies and decisionmaking protocols. He underscored building a culture of integrity by ensuring ethical values are instilled from the grassroots level throughout the organization. He encouraged the next generation of entrepreneurs to adopt a global outlook, and to remain confident and positive in the face of challenges.

Dr. Ahmed highlighted Eram Holdings growth in the Saudi Arabian market, driven by governance frameworks rooted in ethics and stakeholder inclusivity. With a global presence through partnerships and collaborations, he credited team empowerment, adaptability, and support during adversity as vital to sustaining relevance in challenging times. He expressed heartfelt gratitude to his employees, calling them the company's true pillars for supporting numerous families. In closing, Dr. Ahmed redefined leadership-not as having all the answers, but as the wisdom to ask the right questions, inspiring a culture of curiosity and continuous growth.

Dr. Zaveri emphasized the role of UAE leadership in fostering a Culture of Science, Innovation, and Structural Reform, rooted in resilience. Resilience is a key economic and leadership trait, especially vital in today's unpredictable global landscape. Drawing from the Covid-19 experience, she noted the importance of continuous evolution and forwardthinking leadership. She praised the UAE government for its vision, impact-driven governance, and commitment to excellence, which inspires a culture of innovation. She concluded by underscoring the importance of building people-first, intellectually driven economies that empower future generations to thrive.

This was followed by an interactive Q&A with the audience.

PLENARY SESSION IV:

Navigating Risk in a Rapidly Changing World

The session was moderated by:

Mr. Mohit Ralhan
Chief Executive Officer
TIW Capital, Dubai

The Session had the following distinguished speakers:

1. Mr. Gary King
President
ICE Futures Abu Dhabi, NYSE Group, USA

2. H.E. Mohamed Al Hashemi
Chief Executive Officer
Union Coop, UAE

3. Mr. Rahul Talwalkar
Chief Credit Officer
Ajman Bank, UAE

Mr. Ralhan offered a compelling comparison between the 1930s economic collapse and today's uncertainties, noting that key shifts advancements in science, distributed sovereignty, and strong institutions make a repeat of that crisis unlikely. Unlike the past, today's world benefits from real-time information, 190 sovereign nations globally shaping trade, and resilient systems. He stressed that modern corporate leadership must prioritize geopolitical foresight, digital infrastructure, and supply-chain resilience. Companies should adopt dual-track models ensuring local compliance while maintaining global consistency. Strategic, even unconventional, alliances are vital to absorb shocks. He advocated a new business mantra: “Think Global, Act Sovereign” urging businesses to align with national interests while staying globally engaged.

Mr. King highlighted the enduring and ever-growing relationship between India and the UAE, noting that India is the UAE's second-largest trading partner after China. He emphasized that this strong partnership is built on trust, shared values, and integrity. He spoke about the creation of digital networks that facilitate trade and risk management, reinforcing bilateral collaboration. He attributed the success of this relationship to a range of strategic initiatives and the presence of a large, long-settled Indian community in the UAE. He further emphasized that the partnership is multifaceted, driven by visionary leadership and mutual ambition for growth across key sectors such as energy, technology, and infrastructure.

H.E. Al Hashemi emphasized the importance of agility and effective delivery in times of uncertainty, highlighting that modern leadership requires not just a business strategy but a geopolitical one. He noted that risks today are regional, not just domestic, and leaders must manage with a mind-set rooted in uncertainty and foresight. Building resilience must happen before a crisis, not during it. He stressed the significance of strategic alliances in a multipolar world, underlining trust as the key currency for meaningful collaboration. There is a need to balance national interests with global expansion. He concluded by asserting that leadership today is less about control and more about collaboration, resilience, and adaptability in a rapidly changing global landscape.

Mr. Talwalkar emphasized that geopolitical risks are inherently unpredictable and difficult to quantify, often leading to broad and delayed impacts on global economic stability, supply chains, food and energy security. In today's multipolar and interconnected world, such risks are amplified by assertive national policies and shifting diplomatic norms. To navigate this uncertainty, he stressed the need for foresight, agility, and the courage to identify opportunities amid volatility. He highlighted the role of strategic alliances in bridging capability gaps, expanding into new markets, and enhancing resilience. In his view, there is no conflict between national interest and global expansion, citing the UAE as an example, where both coexist successfully. With the right strategy and mind-set, geopolitical risks can act as catalysts for growth and transformation.

This was followed by an interactive Q&A with the audience.

PLENARY SESSION V:

Enterprise Governance: Role of Creative Board Leadership

The Session was chaired by:

Mr. Nasser Munjee
Chairman of Board of Directors
Tata Motors Finance, India

The Session had the following distinguished speakers:

1. Dr. Surender Singh Kandhari
Chairman
Al Dobowi Group, Eternity Technologies
Dubai (UAE)

2. Mr. Deepak Agarwal, IAS
Managing Director
National Agricultural Cooperative Marketing
Federation of India Ltd.
Ministry of Agriculture & Farmers Welfare
Govt. of India

3. Prof. (Dr.) R. P. Banerjee
Thought Leader, Author, Chairman & Director
EIILM-Kolkata, India

4. Dr. Padmanabhan Raja Jaishankar
Managing Director
India Infrastructure Finance Company Limited

5. Ms. Sneha Chug
Director – Strategy Vinmart Group, DRC, Africa

Mr. Munjee chaired the session, and emphasized that the ongoing changes are significantly influencing board dynamics and overall governance effectiveness. He highlighted that the role and leadership style of the Chairman are now more critical than ever, noting that traditional methods of board management are no longer adequate in the current environment. He stressed the importance of “internalizing the external” by recognizing and preparing for external, uncontrollable risks through predictive analytics and strategic foresight. Key board concerns today, he noted, include retaining top talent and ensuring robust assurance systems that provide reliable, real-time feedback. He challenged companies to not just envision the future; but to design and execute it with purpose and precision.

Dr. Kandhari highlighted the growing responsibility of boards in family-owned businesses, stressing their role in governance and strategic direction. He advocated for innovation as a regular board agenda, forward looking reviews, ESG integration, and fostering open dialogue. He emphasized proper leadership succession planning and stronger engagement with external stakeholders to understand public perception. Boards, he noted, must stay globally aware and uphold cultural values. Concluding, he stated that boards should be the “engine of possibilities” not just managing, but leading and creating lasting impact.

Mr. Agarwal shared insights from the cooperative sector, noting that cooperative boards are democratically elected and rooted in grassroots participation. His organization, with 2.5 million farmer stakeholders, procured 42 lakh metric tonnes of food grains in 2024–25. Governance flows from Primary Agricultural Societies to the apex body, NAFED. He cited Amul as a model of cooperative success, born from Sardar Patel's vision, now competing globally. At NAFED, only 0.5% of turnover is retained as surplus, with the rest reinvested in farmers. He praised the Government of India's initiative in creating the Ministry of Cooperation and shared his vision “to make NAFED the Amul of non-milk products in India.”

Prof. (Dr.) Banerjee emphasized that while board principles are important, the individuals on the board and more critically, their spirit are what truly shape and sustain an organization. He argued that it is not the structural or material factors that ensure an organization's longevity, but the intent, philosophy, and character of its people. Citing the example of the Ramakrishna Mission, he highlighted that the philosophy behind leadership matters more than rigid plans. He stressed that during board selection processes, organizations often prioritize functional skills over intrinsic qualities like character and intent. He advocated for a shift in focus toward the inner values of individuals, which he believes fosters a culture of tolerance, agility, growth, and long-term sustainability across all levels of an organization.

Dr. Jaishankar highlighted the vital role of public sector institutions in supporting India's infrastructure and economic goals. He noted that boards must evolve beyond traditional roles like budget approvals and compliance to address today's challenges such as technological disruption, ESG priorities, and shifting expectations. Creative leadership is now essential, with boards acting as strategic partners and innovation drivers. He emphasized that this shift is transformational, not temporary. The most resilient institutions are led by boards that are curious, courageous, and open to experimentation. As complexity grows, leaders must transition from gatekeepers of the past to forward-looking navigators, embracing creativity in governance.

Ms. Chugh emphasized the importance of selecting the right board members, highlighting that while governance is essential, boards must stay connected to on-ground realities rather than operate in isolation. She shared that her organization's success is driven by a vision document that balances impact and purpose with profitability, creating a culture where ESG compliance and purposeful leadership are as valued as financial performance. This alignment not only motivates the company but also inspires the team by anchoring their work in a mission larger than the individual or organization. Additionally, the company commits annual donations from each group entity to its Foundation, which actively supports healthcare, infrastructure, entrepreneurship, and education fostering growth through a purpose-driven, profit-conscious model.

This was followed by an interactive Q&A with the audience.

PLENARY SESSION VI:

Exploring Strategies for Enabling Excellence through Good Governance

The session was moderated by:

Ms. Samira Mohamed Shaloh
Managing Director
Dubai Quality Group, UAE

The Session had the following distinguished speakers:

1. Dr. Neha Berlia
Co-owner and Director
Apeejay Stya and Svran Group,
Pro-Chancellor, Apeejay Stya University

2. Mr. Punit Doshi
Agile Practitioner
Cambridge Education, UAE

3. Mr. Shailesh Nigam
Chief Operating Officer - EEMEA / SAARC & CIS
AAF International

4. Mr. Rajshekhar Pullabhatla
Founder and CEO
BreachX, India

Ms. Shaloh, as the moderator, set the tone by emphasizing that cybersecurity is not merely an operational concern but a strategic issue that can significantly impact an organization's core. She prompted the panelists to reflect on the board's strategic role in navigating cyber threats, urging leaders to recognize such risks as critical to governance. She also highlighted the potential of AI and emerging technologies in offloading routine tasks, enabling organizations to improve efficiency and focus leadership efforts on innovation and strategic decision-making.

Dr. Berlia emphasized that governance is a culture of responsibility, vision, and values not just rules. Drawing from her experience in education and entrepreneurship, she noted that excellence stems from strong processes and purpose-driven performance. She stressed the importance of empowered teams, continuous improvement, and active stakeholder engagement. Listening to students, employees, and communities, along with defining and reviewing KPIs, is key to real progress. In a fast-changing world, agility and timely decisions are vital. She concluded that good governance fosters thriving people, empowering systems, and impactful excellence.

Mr. Doshi, drawing from his diverse experience, emphasized the importance of agility in the face of technological disruption, defining it as an organization's ability not just to respond to change but to lead it. At the heart of agility, he underscored the need for leadership alignment with the company's mission and purpose this, he said, is where governance truly begins. He stressed that without this alignment, employees become disengaged. A key insight he shared was on capacity fragmentation: when individuals are working on too many projects, productivity drops significantly. One person on five projects can lose up to 80% productivity. In knowledge-based work, this is detrimental. He urged organizations to focus their energy on fewer, high-impact initiatives rather than spreading resources thin, which often delays or derails progress altogether.

Mr. Nigam emphasized the often overlooked link between employee health and corporate performance, urging companies to treat indoor air quality (AQI) as a strategic ESG and governance priority. Poor AQI impacts productivity, raises absenteeism, and increases healthcare costs. He introduced the concept of "sick buildings," where inadequate ventilation affects well-being, noting that people spend 90% of their time indoors. Investing in better air quality is not just a facility issue but a key to risk mitigation and social responsibility. He advocated for including AQI monitoring in board-level KPIs to enhance employee health and organizational success.

Mr. Pullabhatla highlighted that cybersecurity is no longer an operational issue it is a core governance issue. Boards must take direct responsibility for protecting data, reputation, shareholder value, and overall organizational integrity. He emphasized that ethical governance must move beyond paper to real, timely implementation, especially when managing unknown or emerging cyber risks. He advocated for integrating cyber governance into leadership development and boardroom agendas, noting that institutions like IOD can play a vital role in mainstreaming it. Cybersecurity, he concluded, is critical to building and maintaining trust with customers and investors, and must be treated as a board-level strategic priority.

This was followed by an interactive Q&A with the audience.

PLENARY SESSION VII:

Leadership for Business Excellence
&
Felicitation of IOD Life Members from Gulf & Middle East

The 'Opening Remarks' were delivered by:

Mr. Manoj K. Raut
CEO & Secretary-General
Institute of Directors, India

Mr. Raut warmly welcomed delegates to the 2025 UAE Global Convention at Habtoor Palace, Dubai. He expressed deep gratitude to His Highness Sheikh Nahayan Bin Mabarak Al Nahayan for his continued patronage and to the Tristar Group for its partnership. Highlighting Dubai as a global hub of innovation and diversity, Mr. Raut described it as “the city where hope becomes reality.” Centering on the Convention's theme “Boards in a Rapidly Changing World” he emphasized the evolving role of boards as strategic anchors amidst global volatility. He outlined five key priorities for directors: resilience, ESG integration, AI governance, diversity, and purpose-led leadership. The address also included the felicitation of IOD Life Members from the Gulf and Middle East, acknowledging their contributions to regional corporate leadership. He reflected on the humble beginnings of the event's planning and paid tribute to the collective spirit of the IOD family. He concluded by celebrating the “Three Ts” - Tiranga (India), Tolerance (UAE), and Tristar (corporate excellence) as symbols of unity, vision, and purpose.

The 'Guest of Honour Remarks' were delivered by:

Hon'ble Justice Kurian Joseph
Former Judge, Supreme Court of India

Justice Joseph, in his address on Innovative Business and Excellence emphasized that striving for excellence is a fundamental duty not only constitutionally as citizens of India but also morally as entrepreneurs and leaders. He urged that excellence should be the core motto, as it becomes a catalyst that transforms challenges into opportunities. According to him, the real barriers to progress are often internal, not external, and overcoming these mental blocks is key to achieving success. He defined true leadership as: "knowing the way, going the way, and showing the way". For board members and corporate leaders, this means deeply understanding their business, having a clear vision of its direction, and actively guiding others along that path. He also stressed the importance of humility and teamwork, reminding leaders that “there's no limit to what you can achieve if you don't mind who gets the credit.” He warned against getting entangled in lengthy litigations, advising that if conflict arises, mediation and arbitration should be pursued for faster resolution. His final message was to always pursue “honest litigation”, and to act with integrity, courage, and collective spirit in both governance and enterprise.

The 'Guest of Honour Remarks' was delivered by:

Hon'ble Justice Ritu Raj Awasthi
Vice Chairman, Institute of Directors, India
Judicial Member, Lokpal of India
former Chairperson, Law Commission of India

Justice Awasthi addressed the Evening Session with a profound message on principled leadership in times of disruption. Drawing on ancient wisdom, he emphasized that enlightened governance is the foundation of lasting prosperity. He highlighted the unique convergence of India's civilizational depth and the UAE's forward-focused vision, fostering boardroom leadership that respects legacy while driving innovation. He introduced the idea of “The Legacy Calculus” urging today's leaders to evaluate decisions not just by immediate returns but by their long-term impact and historical significance. Framing governance as a moral responsibility, he called on leaders to build bridges over moats and prioritize human dignity alongside technological advancement. He concluded with a powerful reminder that history will remember the choices made today, encouraging all present to shape a legacy that future generations will honour.

The 'Guest of Honour Remarks' were delivered by:

Her Excellency Sheikha Jawaher Bint Khalifa Al Khalifa
Founder & Chairperson, Green Aventurine Holding
Founder, FUTURE8

H.H. Al Khalifa delivered an inspiring address on leadership as a mind-set rooted in purpose, inclusion, and empowerment. She emphasized that true leadership lies in sharing knowledge, uplifting others especially the underrepresented and turning vision into action. She called for a culture of mentorship, unity, and compassion, where success is shared, and rising leaders are supported with perspective and space. Urging reflection, she asked, “What will I create, share, and who I will help to rise?” Her message envisioned a future shaped by inclusive leadership, where every voice matters and collective wisdom drives a better tomorrow.

The 'Guest of Honour Remarks' was delivered by:

Hon'ble Justice Uday. U. Lalit
Chairman, Institute of Directors, India
former Chief Justice of India

Chief Justice Lalit opened his address by warmly welcoming the esteemed guests, dignitaries, and award recipients, emphasizing the unique nature of the Convention and the two key ideas discussed, innovation and excellence. He highlighted the critical interplay between the two, asserting that Excellence alone is no longer sufficient in today's dynamic world, innovation is essential for survival and growth. Drawing on a powerful example from the business world, he referred to a once-dominant mobile phone manufacturer that excelled in its field but failed to adapt to the rise of smartphones. Despite its previous market leadership, the company's inability to innovate led to its eventual decline, a reminder that history does not forgive complacency. He further connected this idea to the legal realm, underscoring the importance of not only understanding what the law is but also envisioning what the law ought to be. This mindset, he noted, is vital in both law and business: a forward-thinking approach that drives continuous innovation. He praised the Convention for fostering a culture of forward-looking dialogue and reflection, where such ideas are discussed and shared. Concluding his remarks, he thanked all participants for their presence and contributions, appreciating their role in making the event impactful and meaningful.

This was followed by the Felicitation of IOD Life Members from Gulf & Middle East.

DAY 2, APRIL 23, 2025
Habtoor Palace Dubai, Al Habtoor City, Sheikh Zayed Road, Dubai (UAE)

Plenary Session VIII:

Golden Peacock Excellence Model

Training for Excellence: Design, Delivery and Diligence

Success Stories on 'Business Excellence' 'Training' & 'Quality’

The Golden Peacock Awards Nite was a prestigious event that celebrated Corporate Excellence and Sustainable Leadership. The session focused on the evolving role of Corporate Governance, sustainability, and ethical business practices in shaping the future of India.

The 'Welcome Remarks' were delivered by:

Dr. Tayeb Kamali
Global Chairman - UAE & Gulf
Institute of Directors, India;
Chairman of the Board of Trustees,
Abu Dhabi School of Management, UAE

Dr. Kamali opened the session by welcoming all participants and congratulating the winners of the Golden Peacock Awards, acknowledging the extensive and rigorous process undertaken by the IOD team in selecting them. He expressed appreciation for the effort each winner put into his work and looked forward to the presentation of their case studies, which offer valuable insights into various operational and excellence areas. He also emphasized the importance of the discussions and sessions scheduled for the day. He highlighted the relevance of Artificial Intelligence in today's world, comparing our current stage in AI adoption as being surrounded by it. While we may not fully understand AI's vast implications, it is already integrated into our daily lives and operations. He expressed optimism that AI, despite its uncertainties, will ultimately benefit humanity and encouraged everyone to embrace the opportunities and discussions the event provides.

The 'Special Address’ was delivered by the Session Chair:

Dr. Christopher Abraham
CEO & Head - Dubai Campus
S P Jain School of Global Management, Dubai

Dr. Abraham opened the event by emphasizing the importance of learning from 'case studies' that reflect excellence in corporate governance. In a rapidly evolving world shaped by Artificial Intelligence, global disruptions, and uncertainty, he highlighted the enduring power of human wisdom and imagination. Just as the world responded to the pandemic with clarity and agility, he noted that vision and resilience are essential tools to face future challenges. Despite volatility in global geopolitics or technology, he expressed confidence in the strength of human excellence to navigate and overcome. He reminded the audience that the event is a celebration of that very excellence represented by 16 companies across Business Excellence, Training, and Quality. He encouraged presenters to briefly introduce their organizations and focus on their domain-specific achievements. Quoting Aristotle, he reinforced the idea that “Excellence is not an act, but a habit,” and closed with a powerful reminder from His Highness Sheikh Mohammed bin Rashid Al Maktoum: “In the race to excellence, there is no finish line.”

The 'Presenters' were:

Business Excellence

1. JK Lakshmi Cement Limited
Vaibhav Kesharwani, Head of Center of Excellence

2. GAIL (India) Limited
Asim Prasad, CGM - Corporate Strategy, Planning & Advocacy and Corporate Affairs

3. Reliance Jio Infocomm Limited
Gurmeet Sandhu, Senior Vice President

Training

1. HDFC Bank Limited
Prabal Moudgil, Sr. Vice President II, Chief Learning Officer

2. SBI Cards and Payment Services Limited
Priti Dahima, Learning & Talent Development Lead

3. Star Union Dai-ichi Life Insurance Company Limited Deepankar Sadhukhan - Vice President,
HR Corporate

Quality

1. Tata Motors Limited
Pramod Bhure, Head - Quality

2. L&T Railway SBG
Ajay Kumar, Head- QA/QC

3. Bharat Electronics Limited
Narasimha Kumar SVN, Additional General Manager

4. Luminous Power Technologies Private Limited
Srinibas Sahu, General Manager - International Business

5. Kirloskar Brothers Limited
Pradeep Kulkarni, AVP & Head Corporate Quality Assurance

6. L&T Energy Hydrocarbon
Alok Khare, General Manager & Head - QA/QC

7. ZS Associates India Private Limited
Praveen Prabhakar, Global Manager – Delivery Quality & Assurance

8. Suzlon Global Services Limited
Ravikant Parvati, Chief Operating Officer

PLENARY SESSION IX:

Theme: Board's Strategy to Build a Sustainable Business

The 'Welcome Address' was delivered by:

Mr. Balaji Nagabhushan
Group Chief Administrative Officer
Tristar Group, UAE

Mr. Nagabhushan reflected on the evolving role of board members, noting that past challenges of reviewing physical documents have now been replaced by issues like tech adaptation, format compatibility, screen fatigue, and limited digital proficiency. He emphasized the need for boards to be strategic and purpose driven, with a clear corporate “why” at their core. Boards must anticipate trends such as climate change, digital disruption, and shifting values, integrating them into business models through actions like clean energy and circular production. He stressed the importance of transparent KPIs and agile methodologies to enable real-time decision-making. Highlighting start-ups as agile disruptors, he urged boards to embrace technology as a tool for achieving ESG goals and efficiency. He concluded by praising the UAE's resilience and thanked IOD for the opportunity.

The 'Special Address' was delivered by:

Mr. Michael Petter
Founder and CEO
Eyvo eProcurement Solutions, USA

Mr. Petter, drawing from his board experience emphasized that today's boards must move beyond traditional oversight to become architects of resilience and long-term sustainability. In a world shaped by geopolitical shifts, climate change, AI, and rising stakeholder expectations, he urged boards to embrace strategic foresight, agility, and innovation. He highlighted the importance of aligning profitability with purpose, using AI for scenario planning, building diverse supply chains, and treating ESG as a driver of innovation, not just compliance. Procurement, he added, should focus on value creation over costcutting. He concluded by calling on boards to be bold, adaptive, and visionary to navigate ongoing disruption and ensure future success.

The 'Special Address' was delivered by:

Dr. Graham Wilson
Psychology & Counselling, University of Oxford, UK

Dr. Wilson discussed the evolution of leadership, moving from the idea of innate traits to a focus on nurturing and empowering others. Modern leaders, he said, work alongside their teams, helping individuals grow and connect their efforts to a greater purpose. He emphasized transformative leadership, which extends beyond organizational goals to creating broader social impact. In today's world, leaders must aim not just for internal success but also for contributing to a safer, more just, and stable society. True leadership, he concluded, is a journey of personal and collective transformation driven by purpose and responsibility.

The 'Special Address' was delivered by:

Mr. Sailesh IAS (Retd.)
Senior Strategic Advisor
Institute of Directors (IOD), India
Former Secretary, Ministry of Heavy Industries & Public Enterprise, Govt. of India

Mr. Sailesh praised the morning's presentations and highlighted the transformation of state-owned enterprises from burdens to value creators. Drawing from his experience, he noted that boards across public, private, or technology sectors face common challenges related to innovation, regulation, and sustainability. He stressed the need for boards to understand their roles, foster transparency, and adapt to change, especially in sectors like manufacturing. He observed that listing public sector companies has improved transparency, compliance, and performance, with some outperforming market indices. He credited this to evolving board roles, global standards, and skilled leadership. Addressing the balance between independent directors and management, he warned against over-regulation and called for a smarter, differentiated approach. Looking ahead, he sees technology as key to automating compliance and advancing global governance standards.

PLENARY SESSION – X

Board's Role in enabling the adoption of Emerging Technologies for Inclusive Growth

The session was moderated by:

Dr. Marc Poulin
Acting President, Associate Professor of Management
Abu Dhabi School of Management, UAE

The Session had the following distinguished speakers:

1. Dr. Hoda A. Al Khzaimi
Associate Vice - Provost for Research Translation and Entrepreneurship, New York University Abu Dhabi

2. Mr. Aditya Berlia
Co-founder and Pro-Chancellor
Apeejay Stya University

3. Mohammed Yehya EL BAKKALI
Founder & CEO, Perseus Motor Corporation
E-Mobility Leader, Startup Founder & Industrial Strategist, UK

4. Mr. Krishnan Ramachandran
CEO
Barjeel Geojit Financial Services LLC, Dubai

5. Mr. Vikas Panchal
General Manager - Middle East
Tally Solutions, UAE

Dr. Poulin, moderating the session, reflected on the Convention's timely focus, stressing that boards must lead with foresight in a rapidly changing world. He highlighted the need to embrace Sustainability, Innovation, and the opportunities offered by emerging technologies like AI and IoT. The discussions centered on four key areas: enabling AI and IoT adoption for inclusive growth; integrating these tools to enhance board decision-making through analytics and automation; strengthening cybersecurity oversight; and preparing boards for disruption by understanding how technology is reshaping business models and strategies.

Dr. Khzaimi stressed that while AI dominates current discussions, over 200 emerging technologies are in the development state globally. She warned that boards without a clear understanding of these trends risk falling behind in the next 5–10 years. Citing the Australian Strategic Policy Institute, she noted that China and the U.S. lead in tech development, with the economic potential of these technologies expected to exceed $30 trillion. Boards must engage strategically with emerging tech, as over 17% already have dedicated sub-committees for innovation. These technologies will disrupt all sectors, making their adoption a strategic imperative for any organization aiming to stay competitive.

Mr. Berlia emphasized the urgent need for boards to lead AI transformation, noting it's not an IT task but a strategic shift driven from the top. He outlined four key phases: inspirational alignment, planning, execution, and cultural transformation. He introduced the concept of board agent systems AI tools simulating board member perspectives to aid decision-making. Challenging assumptions, he noted older leaders often adapt better to AI and stressed that the hardest part is encoding leadership mindsets into AI. With AI being 10% tech and 90% people transformation, he concluded that boards must act now to stay ahead in this revolution.

Mohammed EL Bakkali offered a compelling view on managing boards in the AI era, calling AI a leadership test that demands the wise use of human judgment. Comparing startups and large corporations, he highlighted how startups excel in agility and innovation, while traditional firms follow structured approaches. He argued for integrating AI into boardrooms to enhance not replace human decision-making and proposed appointing a Chief AI Officer to ensure strategic, ethical implementation. Drawing from his startup experience, he noted that decisions often rely on emotions, whereas AI can offer neutral, risk-assessed insights. He advocated for realtime AI dashboards to help boards stay informed and agile. Concluding, he said AI should amplify human wisdom, enabling boards to govern with efficiency, fairness, and foresight.

Mr. Ramachandran emphasized that governance remains crucial as AI reshapes the corporate landscape. Tracing the evolution from electricity to data to AI, he noted that generative AI now enables instant, intelligent decision-making through natural language interfaces. However, he cautioned that AI is not for the faint-hearted, as it shifts how decisions are made potentially even placing AI in boardrooms to enhance accountability, especially in promoterdriven firms. He highlighted AI's dual impact on governance and business operations, stressing that transformation will require organization-wide participation, investment, and cultural change. From supply chains to HR, AI will rapidly reshape operations. Over the next 3–5 years, he predicted, AI will be integral to building more transparent, efficient, and resilient businesses.

Mr. Panchal emphasized the vital role of SMEs, which make up 80–90% of businesses and contribute 40–50% to GDP. For technologies like AI to succeed, they must be adopted by SMEs. However, many remain hesitant, relying on manual processes due to limited knowledge and the misconception that AI is only for large corporations. He stressed that while tools exist, the real gap lies in practical understanding and application. He noted that micro SMEs embracing technology are seeing growth, while others lag behind due to lack of training resources and information. The key, he said, is adapting tech to existing business models rather than overhauling them. Boards and leaders must ensure digital transformation reaches the grassroots, enabling SMEs to scale and drive economic growth.

This was followed by an interactive Q&A with the audience.

PLENARY SESSION – XI

Golden Peacock Excellence Model

Showcasing the culture of innovation and unique achievements
Success Stories on 'Innovative Product / Service’

The ‘Special Address’ was delivered by the Session Chair:

Mr. Balaji Nagabhushan
Group Chief Administrative Officer
Tristar Group, UAE

Mr. Nagabhushan welcomed everyone and set the context for the Golden Peacock Excellence Model, emphasizing its significance in showcasing innovation, excellence, and the unique achievements of various organizations. He highlighted that the platform serves as a celebration of best practices and forwardthinking approaches that drive organizational success. He further informed the audience that each speaker would be allotted 8 minutes to present their insights and accomplishments. Concluding his remarks, he announced that the prestigious Golden Peacock Awards would be presented to the speakers towards the end of the event, recognizing their exceptional contributions and excellence.

The 'Presenters' were:

1. Tata Motors Limited, CV Engineering
Ravindra Deshmukh, General Manager

2. Mahindra & Mahindra Limited
Dr. Shankar Venugopal, Vice President

3. Tata Motors Limited CV NVB
(Non-Vehicular Business)
Anupam Mohan, General Manager SCM Project

4. TACO Air International Thermal Systems Private Limited
Pranit Kadu, Senior Manager - Engineering and R&D

5. The Automotive Research Association of India
M. A. Patwardhan, Deputy Director

6. Aequs SEZ Private Limited
Kishore Rao, Chief Executive Officer

7. Bengaluru Traffic Police
M. N. Anucheth, IPS, Deputy Inspector General of Police & Joint Commissioner of Police

8. Federal Authority for Identity, Citizenship, Customs & Port Security (ICP), UAE Mohamed Salem Almekhaini Director - Development of Borders Affairs Systems

9. Metal & Steel Factory, Ministry of Defence, India
Subharthi Bakshi, Deputy General Manager

10. Reliance BP Mobility Limited
Ashis Kabra, Head – Loyalty

11. Protean eGov Technologies Limited
Ashish Chatterjee, Senior Vice President, CBO Department

12. Oil and Natural Gas Corporation Limited
Mohammed Qamruzzaman, Executive Engineer - Production

13. Solar Energy Corporation of India Limited
Shreedhar Singh, Additional General Manager (Projects)

14. CEAT Limited
Prashant Dholiya, General Manager, Design (R&D)

15. Centre for Development of Telematics, New Delhi
Saurabh Basu, Scientist 'E’

DAY 3, APRIL 24, 2025
SPECIAL SESSION
Consulate General of India – Dubai
Al Hamriya, Diplomatic Enclave, P.O. Box 737, Dubai (UAE)

Opening Session

The 'Welcome Address' was delivered by:

Mr. Ashok Kapur, IAS (Retd.)
Director General
Institute of Directors, India

The 'Special Remarks' were delivered by:

Hon'ble Justice Ritu Raj Awasthi
Vice Chairman, Institute of Directors, India
Judicial Member, Lokpal of India former Chairperson, Law Commission of India

The 'Special Remarks' were delivered by:

Hon'ble Justice Uday U. Lalit
Chairman, Institute of Directors, India
Former Chief Justice of India

The 'Inaugural Address' was delivered by:

H.E. Satish Kumar Sivan, IFS
Consul General of India, Dubai

The 'Special Session' was delivered by:

Hon'ble Justice Ritu Raj Awasthi
Vice Chairman, Institute of Directors, India
Judicial Member, Lokpal of India
former Chairperson, Law Commission of India

INDO – UAE: Investment and Trade Opportunities
(Includes series of short speeches, and one-to-one business promotion meeting opportunities)

The Session had the following distinguished speakers:

1. Mr. Ashok Chandra
MD & CEO
Punjab National Bank, India

2. Mr. Deepak Agarwal IAS
Managing Director
National Agricultural Cooperative Marketing
Federation of India Ltd., Ministry of Agriculture & Farmers Welfare, Govt. of India

3. Dr. Kajal IAS
Director, Department of Promotion of Industry and Internal Trade (DPIIT)
Ministry of Commerce and Industry
Govt. of India

4. Mr. Rajshekhar Pullabhatla
Founder and CEO
BreachX, India

5. S. K. Dutt (Oxon)
Principal Advisor & Mentor - EIILM - Kolkata
Director - First Act Global, Head HR - GI Infotech

The 'Special Talk' on the theme ''Words of Wisdom (WoW)" was delivered by:

Mr. Paresh Rughani
International Motivational Speaker, UK

On April 24, 2025, a Special Business Interactive Luncheon Session was held at the Consulate General of India in Dubai, attended by select audience, leading members of the Indian diaspora.

The session began with a warm ‘Welcome Address’ by Mr. Ashok Kapur, IAS (Retd.), who highlighted the importance of strategic leadership in today's rapidly changing world. He acknowledged the presence of distinguished guests from India and the UAE and emphasized the growing relevance of Good Governance, Sustainability, and Innovation in boardroom practices. Setting the tone for the Session, Hon'ble Justice Ritu Raj Awasthi, Vice Chairman, delivered ‘Special Remarks’, emphasizing the importance of institutional frameworks in facilitating investment and trade opportunities. He highlighted that UAE's visionary leadership that mirrors India's own transformative trajectory targeting a $5 trillion economy. This was followed by Hon'ble Justice Uday U. Lalit, Chairman of IOD India and former Chief Justice of India, who delivered ‘Special Remarks’, underscoring the significance of combining Innovation with legal foresight to foster economic cooperation.

The ‘Inaugural Address’ was delivered by H.E. Satish Kumar Sivan, IFS, Consul General of India in Dubai, who highlighted the evolving strength of Indo-UAE economic partnership and the immense potential for bilateral trade and strategic partnerships. He highlighted that the frequent high level exchanges between the two nations underscore deep trust and strategic alignment between our nations, strengthening leadership ties.

Other distinguished speakers included Mr. Ashok Chandra, MD & CEO, Punjab National Bank; Mr. Deepak Agarwal, IAS, Managing Director, NAFED; Dr. Kajal, IAS, Director, DPIIT, Ministry of Commerce & Industry mentioned about promotion of internal trade through various policies such as Production Linked Incentives, Ease of Doing Business and Make in India; Mr. Rajshekhar Pullabhatla, Founder & CEO, BreachX; and Mr. S. K. Dutt (Oxon), Principal Advisor & Mentor - EIILM - Kolkata, Director - First Act Global, Head HR - GI Infotech, focussed on strengthening India-UAE collaboration in redefining higher education, especially in leadership, soft skills, and emerging technologies. He underscored the significance of focussing on key proposals such as joint executive programs, AI-powered learning platforms, and blockchain-based credentialing. With strong policy support and investment, both nations can drive innovation and build a future-ready, knowledgedriven economy.

Adding an inspirational close to the session, Mr. Paresh Rughani, International Motivational Speaker from the UK, delivered a Special Talk under the theme "Words of Wisdom (WoW)", sharing motivational insights and management gospels. He highlighted that winners do not different things, they do things differently.

The session concluded with a formal ‘Vote of Thanks’ proposed by:

Mr. Nimish Makvana
Honorary Director – UAE Chapter
Institute of Directors, India

He expressed gratitude to all dignitaries, speakers, and attendees for their participation and contribution to a successful dialogue on Indo-UAE collaboration.

DAY 4, APRIL 25, 2025
ABU DHABI SCHOOL OF MANAGEMENT

Opening Session

The 'Master of Ceremony' address was delivered by:

Mr. Ahmad Badaoui
Abu Dhabi School of Management, UAE

The 'Welcome Remarks' were delivered by:

Dr. Valerie Jean Lindsay
Dean
Abu Dhabi School of Management, UAE

The 'Welcome Remarks' were delivered by:

Mr. Manoj K Raut
CEO & Secretary-General
Institute of Directors, India

The 'Panel Discussion' was on the theme - Emerging Technologies: The Transformative Role in Business Investments, Governance, and Entrepreneurship.

The session was moderated by:

Dr. Valerie Jean Lindsay
Dean
Abu Dhabi School of Management, UAE

The Session had the following distinguished speakers:

1. Prof. (Dr.) R. P. Banerjee Thought Leader, Author, Chairman & Director
EIILM-Kolkata, India

2. Mr. Rajshekhar Pullabhatla
Founder and CEO
BreachX, India

3. Mr. Shailesh Nigam
Chief Operating Officer - EEMEA / SAARC & CIS
AAF International

The 'Special Presentation' was delivered by:

Mr. Deepak Nanaware
Head - Engineering & Marketing (Middle East & India)
AAF International

The 'Chairman Remarks' were delivered by:

Dr. Tayeb Kamali
Global Chairman - UAE & Gulf
Institute of Directors, India
Chairman of the Board of Trustees,
Abu Dhabi School of Management, UAE

The 'Special Talk' on the theme ''Magic of Management" was delivered by:

Mr. Paresh Rughani
International Motivational Speaker, UK

The Technical session on final day of the Convention was at the Abu Dhabi School of Management. It opened with the arrival of guests and a vibrant networking session. The programme again brought together a distinguished panel of speakers, industry leaders, academics, and professionals to reect on the transformative role of emerging technologies in shaping modern governance, investment strategies, and entrepreneurship.

The Session commenced with the Master of Ceremony, Mr. Ahmad Badaoui from the Abu Dhabi School of Management, who set the tone for the day's proceedings. This was followed by warm welcome remarks delivered by Dr. Valerie Jean Lindsay, Dean of the Abu Dhabi School of Management, and Mr. Manoj K. Raut, CEO & Secretary-General of the Institute of Directors, India. Both speakers highlighted the importance of crossborder collaboration, innovation, and leadership adaptability in a rapidly changing global environment.

Mr. Raut highlighted the disruptive power of technologies like AI, blockchain, quantum computing, and smart contracts and their growing impact on investment strategies, governance models, and entrepreneurial ecosystems. He stressed that modern boardrooms must evolve to be digital, diverse, and data-driven, aligning with IOD's mission of “Building Tomorrow's Boards.” He urged participants to view emerging technologies as enablers of progress and to reflect not only on what AI can do, but what it should do ensuring ethical and strategic integration into governance and leadership.

The highlight of the day was the panel discussion on the theme: “Emerging Technologies: The Transformative Role in Business Investments, Governance, and Entrepreneurship”, moderated by Dr. Valerie Jean Lindsay. The discussion featured insights from a panel of distinguished speakers: Prof. (Dr.) R. P. Banerjee, Thought Leader and Chairman & Director, EIILM-Kolkata, stressed that technology should remain a tool supporting, not replacing human decision-making and leaders must balance technological integration with independent thinking and ethical leadership; Mr. Rajshekhar Pullabhatla, Founder and CEO of BreachX; and Mr. Shailesh Nigam, Chief Operating Officer for EEMEA/SAARC & CIS, AAF International. The panel addressed key developments in AI, cybersecurity, and innovation strategy, and stressed the vital role boards must play in integrating these technologies into long-term governance frameworks.

A special presentation was delivered by Mr. Deepak Nanaware, Head – Engineering & Marketing (Middle East & India) at AAF International. He spoke on emerging technologies in air filtration and environmental systems, emphasizing their impact on health, safety, and sustainability in corporate operations.

Dr. Tayeb Kamali, Chairman of the Board of Trustees at the Abu Dhabi School of Management, delivered the Chairman's Remarks, commending the convergence of academic insight and industry expertise at the Convention. He highlighted the role of leadership in driving innovation and preparing organizations to meet the demands of the future.

This was followed by an engaging and motivational session titled “Magic of Management (MoM)” delivered by renowned international motivational speaker Mr. Paresh Rughani from the UK. His talk energized the audience, encouraging individuals to lead with purpose, optimism, and creativity in both personal and professional spheres.

The session concluded with ‘Closing Remarks’ by:

Dr. Marc Poulin
Acting President and Associate Professor of Management,
Abu Dhabi School of Management.

Dr. Poulin extended his appreciation to all speakers, delegates, and organizers, and emphasized the significance of continued dialogue and learning to build resilient, innovative, and ethically driven organizations in the digital age.

IOD is especially grateful to its Event Partners of the Convention.

Our TITLE Partner:

1. Tristar Group

In ASSOCIATION with:

1. United Arab Emirates, Ministry of Economy

SUPPORTED BY:

1. Consulate General of India

Our Platinum Partner:

1. Central Depository Services (India) Limited

Our Gold Partners:

1. Punjab National Bank
2. NBCC (India) Limited
3. Ravin Group
4. Charles Group
5. Power Finance Corporation Limited
6. Vinmart Group
7. Houston Corporate Services LLC & Aldar Properties, UAE
8. BreachX
9. American Air Filter International

Our Silver Partners:

1. Eastern Institute for Integrated Learning in Management Kolkata
2. The Apeejay Stya Group

Our Bronze Partners:

1. India Infrastructure Finance Company Limited (IIFCL)
2. New India Assurance Limited
3. Al Dobowi Group
4. National Agricultural Cooperative Marketing Federation of India Ltd.

Our Associate Partners:

1. Bank of Baroda
2. Eyvo Procurement Systems
3. Barjeel Geojit Financial Services LLC

Our TV Channel Partner:

1. REPUBLIC TV

Our Media Partner:

1. Khaleej Times

Our Supporting Partners:

1. Blitz India Business
2. Banking, Finance and Insurance Institute of Nepal
3. Dubai Quality Group
4. The Institute of Cost Accountants of India
5. Ambros PR and Consulting

This report is compiled by:

Mr. Ashok Kapur, IAS (Retd.)
Director General
Institute of Directors, India

With assistance from

CS Sana Rehman
Executive Editor
Institute of Directors, India
&
Ms. Shivani Sharma
Assistant Manager – Editor & Communications
Institute of Directors, India

Summary of Recommendations
(Tristar) IOD UAE Global Convention 2025

AI & Emerging Technologies

• Application of AI can systematically discriminate against certain characteristics and communities. A socially responsible board may need to be resilient and actively work for AI equity, rather than assume it. Board has to ensure that both the challenges and opportunities of AI are considered when it is discussed.

• AI dominates current discussions, with over 200 emerging technologies that are in a development phase globally. The boards without a clear understanding of these trends, risk falling behind in the next 5–10 years. Citing the Australian Strategic Policy Institute, China and the U.S. lead in tech development, with the economic potential of these technologies expected to exceed $30 trillion. Boards must engage strategically.

• Boards should adopt strategies to stay ahead of technological trends, adapt to new technological changes and maintain a competitive edge.

Cybersecurity & Digital Resilience

• Cyber incidents, and especially IT disruptions, are regarded as the top business risk by respondents to Alliance's 2025 Risk Barometer survey. As cyberspace becomes more complex, cyber inequity and the gap between those able and unable to properly prepare and defend themselves against cyber-attacks increases. Cybersecurity frameworks should ensure business resilience.

• Modern corporate leadership must prioritize geopolitical foresight, digital infrastructure, and supply chain resilience. Companies should adopt dual-track models ensuring local compliance while maintaining global consistency.

Governance & Leadership in Tech-Driven Economy

• In today's highly interconnected global economy, the credibility of both formal and informal institutions alongside private sector plays a crucial role in crafting policies that foster economic progress. Good governance and economic prosperity are interlinked and it is our responsibility to uphold and embrace the principles of integrity, transparency and accountability.

• Boards must evolve beyond traditional roles like budget approvals and compliance to address today's challenges such as technological disruptions, ESG priorities, and shifting expectations.

• Boards have to be strategic and purpose-driven, with a clear corporate “why” at their core. Boards must anticipate trends such as climate change, digital disruption, and shifting values, integrating them into business models through actions like clean energy and circular production.

Innovation & Business Resilience

• Business model transformation can be a route to greater organisational resilience when an adaptive path is followed, but an absorptive path and small adjustments to maintain stability can also foster organisational resilience

• A pre-shock strategy of product introductions and innovation may enhance stability and exibility and provide some insurance against disruption and increase resilience

• Boards need to ensure that companies have the skills they need to cope with the challenges, global risk and existential threats that confront them. Skills required for innovation, greater resilience and entrepreneurial thinking should be identified.

Geopolitical & Strategic Foresight

• Risks today are regional, not just domestic, and leaders must manage with a mind-set rooted in uncertainty and foresight. Building resilience must happen before a crisis.

• To navigate this uncertainty, there is a need for foresight, agility, and the courage to identify opportunities amid volatility. The role of strategic alliances is significant in bridging capability gaps, expanding into new markets, and enhancing resilience. With the right strategy and mind-set, geopolitical risks can act not as barriers, but as catalysts for growth and transformation.

• There is an urgent need of leaders to not only navigate disruption but to lead through it.

Judicial & Regulatory Frameworks

• Role of judicial and regulatory frameworks are important in attracting investment, citing India's Insolvency and Bankruptcy Code and SEBI norms, alongside the UAE's specialised commercial court and AI integration in dispute resolution.

Macro Risks & Global Economic Shifts

• A 'global risk' is defined by the World Economic Forum (WEF) as 'the possibility of the occurrence of an event or condition that, if it occurs, would negatively impact a significant proportion of global GDP, population or natural resources.

• Leadership today is less about control and more about collaboration, resilience, and adaptability in a rapidly changing global landscape.