The seminar is prepared for Best Legal Conference by CIIM-Cyprus International Institute of Management. It is addressed to business leaders and helps developing diversification strategies which can be simply emergency tactics for the short term, or more fundamental strategic changes for the medium term. During the meeting we are going to discuss about business continuity and disaster recovery plan in place.
16th of October at 15.00.
Online Seminar in English language. Keynote Speeches. Panel Discussion, Q&A session.
(Introduction by Natalia Kardash & Theodore Panayotou)
PROGRAM OF THE SEMINAR
1. Diversification & Investment in Flexibility: Two Key Response Strategies to Covid 19
By Dr. Theodore Panayotou, Director, CIIM-Cyprus International Institute of Management
- What does diversification mean in this context? Financial diversification is a familiar recommendation for portfolio allocation..
- What are the CEOs’ options for diversification?
- Can they use different methods of diversification?
- How do they map their diversification options?
- How do they achieve a more diversified business model? At the same time, companies must invest in flexibility in their operations and markets in response to persisting uncertainty and in anticipation of the next unforeseen shock around the corner.
2. Managing Risks and Ensuring Business Continuity.
By Dr. Andrey Afanasiev, Director, MSc in Financial Services, CIIM
The COVID-19 crisis was impossible to predict, considering that business, infrastructure, employee and cyber risks became more pronounced, the following four actions by CEOs are needed to build resilience and business continuity:
- Prioritize people safety and continuous engagement (provide infection protections, expand flexible work arrangements);
- Reshape strategy for business continuity (consider alternative supply chain options, monitor liquidity);
- Communicate with relevant stakeholders (develop communication plans, stay in contact with suppliers, keep customers apprised);
- Build resilience in preparation for the new normal (review Business Continuity Plans, check security of applications for remote access, perform awareness campaign for specific cases of social engineering attacks).
3. Post-Covid Management: Roadmap for Business Recovery.
By Dr. Olga Kandinskaia, Director of MSc in Business Management, CIIM
This presentation from an award-winning case writer and business management expert will give a brief overview of the mind-set shift that has happened and will bring you insights on how we can move forward to a successful business recovery:
- What is the most important catalyst of recovery?
- How should we re-design brand communication?
- What are the key post-covid lessons for small and large businesses?
- What are the main strategic questions to ask and the key considerations for the C-suite?
4. How CEOs Can Accelerate their Organization’s Digital Capabilities to Keep Pace during Recovery
By Dr. Theodosis Mourouzis, Director of MSc in Business Intelligence & Data Analytics, CIIM
The rapid migration to digital technologies driven by the pandemic will continue into the recovery. CEOs who want to succeed in the digital-led recovery must quickly reset their digital agendas to meet new customer needs by:
- refocusing and accelerating digital investments in response to evolving customer needs
- using data analytics and AI to improve business operations
- modernizing technology capabilities and
- increasing organizational agility to deliver more quickly.
Two features of a modern technology that can be rapidly implemented is a cloud-based data platform and an automated software-delivery pipeline. Cloud technologies make it possible to deploy these quickly and at relatively low cost. Finally, recruiting additional digital talent and accelerating digital upskilling prepares the recovery. Attention organization for a more substantive modernization after should also be paid to cybersecurity as much of the rapid IT work carried out during the COVID-19 crisis might have created new cyber risk exposures.
5. Navigating the world of work and how we manage people during and beyond COVID-19
By Dr. Vicky Katsioludes, Director, MSC in Human Resource Management, CIIM
The world of work is being profoundly affected by Covid-19 and business leaders can often feel perplexed on how to manage their employees during and beyond the pandemic. In charting the new path forward, we reflect on how the pandemic has altered the way people work particularly in terms of remote work, human-technology interaction and employee well-being and examine the new possibilities that lie ahead for business leaders as they manage people beyond Covid-19. Longer term remote working can help organizations move at a faster pace as companies tap into new labour pools and specialized remote expertise.
6. Covid-Created Legal Gaps & Uncertainties for International Business
By Dr. Eleni Apostolidou, Director, MSc in Financial Law & International Taxation, CIIM
Covid -19 were to last, the new reality risk may undermine the tax position taken by physical persons and corporations. Force majeure versus unforeseeable events are the two primary tools for covering unexpected events in contract drafting. To what extent do these concepts include the pandemic effect as a ground justifying the non-performance of a binding contract.
- Do Covid restrictions qualify as an ecological phenomenon?
- Shall we move to a new concept, such as the "black swan" exemption or rely on more traditional grounds, such as public constraints due to public health security measures?
- Cyprus judicial system goes digital Do our clients make use of the electronic signature, or is this not expected by them?
- Is an electronic signature the most appropriate solution?
- Does this demand more computer skills from the client-side?
- Would the electronic signature introduce the idea of a less client tailored service?
Dr. Theodore Panayotou, is Director and Dean of CIIM, a 2007 NOBEL Peace Prize Contributor, and formerly on Harvard faculty. He is Professor of Economics & Ethics at CIIM. A world authority on economic instruments and financing mechanisms, Panayotou has published over 100 papers and books on economics, climate change, sustainability and competitiveness.
Dr. Andre Afanasiev, with a PhD in Finance and a PhD in Mathematics, is Director of CIIM’s MSc in Financial Services. Previously, he has been the Head of Risk Management & Vice President of the RCB Bank in Limassol. His research interests are in stochastic finance, quantitative methods of risk modelling, financial and derivatives markets, banking vs fintech, blockchain technology.
Dr. Vicky Katsioloudes, is Director of the MSc in HRM & OB program at CIIM. Vicky has industry and academic experience in the field of human resource leadership development and has worked and studies in diverse cultural settings including the United States, United Kingdom and Greece. Her expertise is in leadership and talent development.
Dr. Theodosis Mourouzis, with advanced degrees from Cambridge and UCL, specializes in information security, optimization techniques in cryptanalysis and applications of data analytics techniques in fraud prevention. He has taught at UCL on security science and worked as a Cryptologist at Lloyds Banking Group. Recipient of the UK University Cipher Champion 2013 award.
Dr. Olga Kandinskaia is Associate Professor of Finance and MSc Business Management Director at CIIM. She has PhD in Economics (1995) from the MGIMO-University in Moscow, Russia.
Dr. Kandinskaia is the recipient of three prestigious international awards for case writing. She is a passionate advocate of the innovative teaching methods in business education.
Dr. Eleni Apostolidou, PhD Business Taxation, Paris 1 Sorbonne & MSc in Public Administration, is an Assistant Professor of CIIM. She has lectured in courses and been author of publications in public finance and fiscal policy. She is a member of the French and Cyprus Bar Associations, a Certified Mediator and an Expert on Legal and Economic Development for various think tanks in Cyprus.
Fee: 50 euro.
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