The president of the Association of Electronic Money and Payment Institutions (ACEMPI) participated in a panel discussion on corporate governance during the official launch event of the Cyprus Institute of Directors and Corporate Governance (CyIoDCG) held in Nicosia.

According to an announcement released on Tuesday, Ioannis Georgoulas, president of ACEMPI, which 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.

Georgoulas also serves as a non executive director of ECOMMBX Ltd, the announcement added.

He participated in a panel discussion titled “Radical Geoeconomic Shifts Governance at the Frontline of Board Value.”

The discussion focused on the role of boards of directors during a period of major geoeconomic shifts and growing uncertainty in the international economic environment.

Participants examined how boards are increasingly required to move beyond their traditional roles centred on compliance and supervision.

In this context, the discussion highlighted the need for boards to adopt more independent, multidimensional and strategic thinking in order to address the challenges created by rapidly changing economic conditions.

The panel also addressed issues related to the management and allocation of capital in an uncertain environment.

Participants explored ways in which organisations can strengthen their resilience and adapt to evolving global dynamics.

Another key point raised during the discussion concerned the importance of maintaining a balance between safeguarding the interests of stakeholders and ensuring sustainable value creation for shareholders.

The discussion emphasised the decisive importance of corporate governance at board level as a fundamental factor for the creation of long term business value, particularly in the context of companies seeking to navigate a constantly evolving global economic environment.