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Articles by Sonita Lontoh
AI and the Audit Committee
Not long ago, the audit committee’s agenda was, by design, rigorous but relatively bounded: financial reporting integrity, internal controls, external auditor oversight and regulatory compliance. The work was exacting and consequential, but its perimeter was reasonably well-defined. AI is dissolving that perimeter. As a director of publicly traded companies and a partner at an AI governance firm, I have watched this transformation unfold in real time. AI is not approaching from some distant horizon.
What Directors are Thinking: Sonita Lontoh
Sonita Lontoh Director, Sunrun, TrueBlue Inc. What kind of diversity is needed on boards right now? As boards face continued challenges and opportunities, from geopolitics to AI and technology disruptions, diversity of thought is even more paramount in the boardroom. Diversity of thought is much broader than just gender or ethnicity. It encompasses diversity of professional experience and new ways of looking at things.
Ethical and Responsible AI
These days, AI — especially generative AI (gen AI) — has become a hot topic in many boardrooms. Directors are asking questions about AI‘s business value, the risks the technology may present and the board's role in AI governance, especially how to achieve balance between innovation and responsibility. Boards must navigate these new AI challenges and opportunities with an eye toward long-term value creation. Several studies give us insight into how companies are experimenting with gen AI.
Council Post: Human-Centered And Ethical AI: A Foundation For Board AI Governance
Sonita Lontoh is an award-winning Fortune 100 executive and public company independent board director. As artificial intelligence, especially generative AI, becomes more advanced, many companies and boards are seeking to strike the right balance between exploring how best to leverage the advantages of AI and putting in appropriate guardrails to ensure that AI is used responsibly. AI is still in its infancy, so we don’t fully know what AI is capable of or where it’s going to go.
How Public Company Boards Can Mitigate Supply Chain Risk
Directors must understand the major supply chain risks and the effect they have on the company. Over the past several years, breakdowns in the supply chain have resulted in significantly higher risks to more companies than in the past.
Understand Gen Z’s Impact on Board Decision-Making
Five ways the younger generation is poised to affect issues in the boardroom. Gen Z is coming of age. These digital natives, born between roughly 1997 and 2007, account for more than 46 million Americans and about 14% of the population. Although this cohort is smaller than prior generations, their influence as a force for change surpasses their numbers as they catalyze new consumer and employee trends that are reaching today’s boardrooms.
The New Rules of Globalization
Should the board keep the nation’s best interests in mind when considering a company’s long-term success? The death of globalization, like the reports of his own death that Mark Twain gleefully rebutted, is much exaggerated. Global trade hit a new record of $32 trillion in 2022. Rather, what has occurred is a change in the ground rules of globalization, spearheaded by the Trump administration and then pursued in a more careful and nuanced way by the Biden administration.
Patriotic Capitalism, Geopolitics and the Boardroom
Patriotic Capitalism, Geopolitics and the Boardroom Listen to article Should directors consider devotion to country when making decisions that affect their companies? No human-designed process, system, service or structure is infallible; by definition, a construct like capitalism is imperfect. Comparatively, however, it has an impressive track record of proven success as an economic model with many more pluses than minuses.
Council Post: ESG: An Authentic Multi-Stakeholder Approach To Create Long-Term Sustainable Value
Sonita Lontoh is an award-winning Fortune 100 executive and public company independent board director. The business landscape in the 21st century has changed in fundamental ways, and capitalism has now become “stakeholder capitalism.” Environmental, social and governance (ESG) is a hot topic in corporate boardrooms and C-suites of public companies; however, there is a lot of misunderstanding around what ESG is. For starters, it’s not corporate social responsibility.
Customer-centric innovation and digital transformation
The Fast Company Executive Board is a private, fee-based network of influential leaders, experts, executives, and entrepreneurs who share their insights with our audience. Over the past 25 years, I have had the privilege and honor of leading and advising at the intersection of disruptive technology, digital transformation, and the Fourth Industrial Revolution.
How the internet of things will change your life
When I give talks about the internet of things (IoT), people often ask: “Is the internet of things a smart car, a smart city, a smartphone?” The answer is it’s all of those things, and more. In its simplest term, the IoT is the application of sensors, IT and networking technologies to connect billions of devices around the world. These enable new, smart applications, analytics and business models that result in a cleaner, more efficient and sustainable way of living.
Evolving Customer-Centric Energy
Utilities are eager for a raft of new services while embracing new technology to accommodate robust change. However, they are faced by several challenges: Utilities can seize the opportunity in the evolving 21st century, distributed, customer-centric energy landscape by embracing the integrated, holistic and flexible approach. Utilities went from deploying proprietary solution sets to an environment where the industry now demands interoperability and the ability to integrate solutions together.
Does Crossing the Chasm Apply to the Industrial IoT World?
This article was first published in the Huffington Post. According to “Crossing the Chasm,” for a new technology to become “mainstream,” it needs to cross the chasm, moving from the early adopters or visionaries to the early majority, or pragmatists. Yet some people wonder if this famous technology adoption/diffusion model applies to the Industrial IoT space as well, in particular, to smart energy/infrastructure.
How much is the Internet of Things worth to the global economy?
With all the hype surrounding the Internet of Things (IoT), IoT Analytics recently issued an article listing the 10 most popular IoT applications.
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