Program - ADC

39 Pages·2013·0.75 MB·English

Welcome
It is with great pleasure that I welcome you to the 2013 Australian Leadership
Retreat.
The theme of Opportunity from Disruption recognises an inescapable reality and
the challenge for businesses, governments and other sectors, is to leverage
disruption; rethinking inter-relationships and ways of doing things to realise
unforeseen opportunities.
At a time when discussion about the future often gets boiled down to thirty
second sound bites, the Australian Leadership Retreat offers an important
opportunity to truly confront the issues crucial for our nation and the world
more broadly, through provocative and informed discourse. We look to you,
the leaders in your sectors, to join us in the challenging as well as exciting
process of understanding the patterns of disruption and grasping their enormous
potential.
Now in its 17th year, the Australian Leadership Retreat is recognised nationally
and internationally and ADC Forum also gratefully acknowledges the invaluable
assistance of our Partners. We can take pride in the way in which these events
have delivered tangible benefits not only to participants and their organisations,
but to society more broadly.
During the Retreat we also look forward to sharing with you the ideas and vision
being developed to ensure that ADC Forum remains relevant in a changing
world, providing new insights and new solutions and bringing together diverse
sectors to illuminate and test the ideas critical to shaping our future.
May these three days be stimulating, rewarding and enjoyable for you.
Terry Campbell AO
Chairman
AusTRALIAN LeADeRshIP ReTReAT 2013 – WeLCoMe 1
opportunity from Disruption
This year’s Australian Leadership Retreat is designed to confront the disruptive
forces in the world head on. While the world continues to search for growth, our
theme of Opportunity from Disruption acknowledges the forces of restructuring
across a range of time horizons from short term to long term. We are also
reminded that disruption is just as likely to emerge from the things we don’t know
as the things we do. our system of prosperity, as much as our social cohesion,
relies on the confidence that the forces of cooperation balanced with the forces
of competition can achieve higher levels of prosperity for the society. If the
system of our focus was a religious one and not a socioeconomic one, we would
replace the word ‘confidence’ with ‘faith’. In any case, we ought to remember the
inevitable entwining between secular faith and civilisation.
Disruption also means that spheres of activity which were once separate now
have the potential to collide in new ways. We reflect on the connection between
the natural sciences and industry and the scope for a new framework to
enable innovation. We remind ourselves that the essence of both conservatism
and strategic leadership is engagement with reality while seeking to maintain
the integrity of the whole – instead the ossified ideologies we might begin to
mistake for pragmatism. Radical elements can be a spur to innovation, growth
and progress, and to ignore them is to risk obsolescence. This can mean new
ways of looking at situations and problems – balancing bilateral and multilateral
engagement in Asia, for example – and being able to identify more powerful
solutions while reducing overall risk.
As we learn to live with uncertainty and change, we must also understand the
dynamics which shape opportunity. our increasingly advanced technological
economies and our desire for continued progress necessitate that we grow
beyond being merely opportunistic and grasp the enormous potential to both
shape change and capture advantage in a dynamically unstable world. And yet
the patterns of chaos and entropy are timeless in nature and it is through what
we call civilisation that humanity dares to channel these forces to create patterns
of order (whether systemic, institutional or cultural) and the conditions for civilised
existence.
When we address long-term strategies for the future, we bear in mind that the
economy does not operate in isolation from other spheres, that there is deep
agency in politics, society and culture as well. Too often things we don’t
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understand or disagree with, particularly in our international engagements, are
dismissed as merely cultural, but we neuter ourselves to relinquish a properly
nuanced understanding of culture abroad. Likewise, we continue to remain blind
to the strategic power of effecting culture at home, to bring into alignment the
economy, society and our politics, with a prosperous and innovative future we
can aspire to. Will we one day argue that sociocultural fragmentation is a direct
form of market failure itself?
It might be time also to clarify and refine our thinking around broader economic
policy and the stimulus vs austerity debates taking place around the world. It is
certainly preferable to know how to react before circumstances call for action,
and recognise that in this debate, as well as in many others, the best solutions
are usually not dichotomous ones. At the same time, crisis is an opportunity
to clean out systemic dross and burdensome regulation, even to decouple
relationships which are no longer fit for purpose.
Certain industries take pride of place for various reasons. Agriculture is one of
the oldest industries on the planet, and yet population and land pressures will
begin to create a level of demand that furnishes transformational innovation
and may eventually lead to urban, agricultural and environmental remapping.
From international data collection we know that health and GDP are intimately
connected, and our increasingly skewed demography will put difficult choices
before us. our banks as the repositories of accessible credit have also been
part of the social infrastructure enabling prosperity for millennia. Technology
will enable a more intensive use of resources and infrastructure too will better
connect us and grow the footprint of civilisation. yet as we become mindful of
the consequences of our environmental impacts, can we afford not to focus
wholeheartedly on delivering energy abundance? Developed countries, through
increased competition, face pressure to develop productivity and the mismatch
between our economic models and our policy frameworks to account for total
factor productivity means this often blows out into working harder not smarter.
There are still multiple scenarios for how the new world order of states may
eventuate, but as the unresolved Arab spring demonstrates, new dynamics
such as geotechnology, or the combination of people and technology within or
beyond states, can be powerful – whether we are referring to the internet, mobile
phone connectivity or newfangled smart cities – and perhaps equally powerful
for maintaining security, as well as offering subjects for surveillance and control.
of course there are huge benefits for seeing new opportunities from the big data
revolution and all manner of new markets being created through and within the
AusTRALIAN LeADeRshIP ReTReAT 2013 – oPPoRTuNITy FRoM DIsRuPTIoN 3
proliferation of technology. The business models of the past are no indicators of
future success in this regard.
Current emerging markets are no guarantee of success either, as companies
start to look further afield for growth, whether the focus is Africa, the Middle east,
major powers such as India, or Latin America. Capital markets are increasing
affected by sleeping giants and shareholder activism, already with a strong
track record of returns, is starting to wake up and is set to pose a challenge to
company boards, despite sometimes being described using the terminology of
the radical fringe.
The multiplicity and complexity of the questions confronting us reinforce the
importance of ADC Forum as the crucible for new ideas and policies for the
future, with the Retreat providing a provocative, yet collegiate environment, which
facilitates fearless debate and new thinking, informed by the best minds and
leaders from Australia and internationally.
once again, we take time out from busy schedules to focus on the broader
strategic context, to cross sectors for new insights and new friends. It is far from
the first time this has occurred in proximity to a Federal election in this country,
and with this in mind it is particularly pertinent to remind ourselves that both
political and corporate leaders can ill afford to lose sight of the long-term horizon
amidst the imminent pressures. Beyond the drive for survival, surely there is too
much at stake for elections and quarterly reports to distract from the hard but
essential mission of true flourishing?
A time of disruption requires open minds to see the possibilities, courage to
embrace them, and the highest capabilities to take advantage of them. May you
embrace the challenges during this Australian Leadership Retreat and share in
creating the opportunities.
Anton Roux
Chief executive officer
ADC Forum
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About ADC Forum
ADC Forum aims to help leaders make better decisions. It does this through
initiatives that challenge conventional wisdom, provoke debate and build greater
understanding about the profound, complex and interconnected challenges
facing Australia, the region and the world.

ADC Forum, a not-for-profit leadership organisation, brings together business,
government and industry leaders, investors, NGos, the public sector along with
academics and provocateurs of diverse backgrounds.

ADC Forum’s signature annual events are the Australian Leadership Retreat
and the ADC Future summit. The Australian Leadership Retreat is held annually
on hayman Island for business, political, academic and community leaders.
It is a forum that promotes the fearless exchange of ideas about our country:
Australia’s defining challenges, both at home and as part of a complex,
globalized and fractured world.
The ADC Future summit, held annually, provides a collaborative framework for
Australia’s established and emerging leaders to share ideas, exchange views to
help shape Australia’s future.
ADC Forum offers a range of other initiatives ranging from Boardroom briefings
and Corporate/ Government consultations including ‘Canberra Connection’, to
high-profile summits focussing on critical issues such as infrastructure, climate
change, philanthropy, and urban development.

ADC Forum was founded in 1996 by Australian members of the World
economic Forum (WeF) and aims to:
• Promote the World economic Forum within Australia and promote Australia’s
interest within the broader WeF community;
• Promote business excellence by encouraging policy debate on globel issues;
Improve the quality of leadership;
• encourage Australia to play a responsible leadership role within the global
community;
• offer forums for Australian leaders to listen to international and national
experts and leaders.
AusTRALIAN LeADeRshIP ReTReAT 2013 – ABouT ADC FoRuM 5
ADC Forum – Australian Leadership Retreat
Patron of ADC Forum
The Rt.hon. sir Ninian stephen, KG AK GCMG GCVo KBe PC QC
Founder
Michael Roux
Board
Terry Campbell Ao, Chairman
Greg Martin
Russell Miller AM
James Roche
Professor John stanley
Australian Leadership Retreat Co-Chairs
Glenn Barnes
stuart Grimshaw
Greg Martin
Jack Percy
Management and Staff
Anton Roux, Chief executive officer
Matt Faubel, Chief operating officer
Graeme Willis, Consultant
Kate Roffey, Director of operations
urs Meier, Program Manager
Grace De Leon, Accounts
Karola Thomson, events officer
Noelle McKeough, events officer
Jennifer Jin, events Assistant
ADC Advisors
Dr Peter Brain
Charles hunting
sasha Maiyah
Christopher selth
ALR Volunteers
Madihah hafiz
Daniel Kinsey
Miao Ling
Rohan Maclaren
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PROGRAM
AUSTRALIAN LEADERSHIP RETREAT 2013
Opportunity from Disruption
Friday 23 August
3.00 PM Information Desk open
3.30 PM - 4.45 PM Afternoon tea
1 Welcome and Introduction
4:45 PM - 4:50 PM
Terry Campbell AO
Entertainment Centre
Chairman, ADC Forum
Moderated by:
Anton Roux
Chief executive officer, ADC Forum
2 MG Kailis Oration
4:50 PM - 5:25 PM This is the new world order: the trends shaping the
Entertainment Centre globalised world
The future seems up for grabs, or is it? A number of trends
and scenarios have been put forward over recent years; from
the decline of the West, to a bipolar world led by the US and
China, to a pre-eminent China; an evolution of the status quo,
more devolved regional blocs, the flattening of global power
from basic multipolarity to contemporary utopian visions such
as the resource based economy of the Venus Project; or even
scenarios legitimising global stakeholder democracy (or ‘monitory
democracy’) with groups representing media, corporate, or NGO
interests being offered voting power. They can’t all be true. Here
we explore some of the global dynamics for the global political
economy that are both longstanding and emerging, and how in
turn these might begin to demarcate the new global order.
• What changes occurring in the global economic and
political order really matter and how should we
contemplate the potential scenarios of world order?
• What pressures do leaders now have to contend with,
and how will these affect business and society?
Addressed by:
Claude Smadja
President, smadja & Associates
Moderated by:
Anton Roux
Chief Executive Officer, ADC Forum
3 Current realities and future perspectives
5:25 PM - 6:10 PM
How do we view current issues and future prospects in a
Entertainment Centre
world where change and disruption are inescapable? With an
election looming in Australia and storm clouds prevailing on the
international horizon, what are our perceptions of the exigent
environment and the future?
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Friday 23 August
This session is designed as a welcoming brainstorming. Respond
to Claude Smadja’s thoughts and table your own about pressing
issues in Australia and the world. Help set the scene for the
Retreat by participating in a lively discussion and you can also use
your tablet and smartphone to contribute views.
Panellists
Max Burger
executive Chairman, Golien Limited
Professor Mahmood Sariolghalam
Professor, National University of Iran
Professor Luigi Zingales
Robert C. McCormack Professor of Entrepreneurship and Finance
and the David G. Booth Faculty Fellow, The University of Chicago
Booth School of Business
Moderated by
Nik Gowing
International Broadcaster, BBC World News
4 A new understanding of the natural forces as a global
6:10 PM - 7:00 PM opportunity
Entertainment Centre
A ground swell is sweeping across the physics community
at this time in history and gaining momentum. some of the
most fundamental questions about our natural world are
being addressed. What is the nature of mass, gravitation, and
magnetism? Where does information go when it crosses the
event horizon of a black hole? What is the true nature of energy
in the universe? Is it conserved? Was the big bang a single event
or is it the result of continuous information flow from parallel or
larger universes? As we begin to answer these questions, a new
picture of the physics of our world develops. A picture in which
information and processes are no longer isolated events, but are
interwoven in a complex network of a connected universe. The
holographic principle has now been able to resolve the information
paradox and describe the entropy, or temperature of a black hole.
Now a generalisation of the same principle is able to demonstrate
the source of mass, gravitation and the strong force to be the
result of a fundamental field of fluctuation in the structure of
spacetime itself. At the quantum level, it describes an extremely
energetic vacuum, connecting everything from the tiniest
subatomic particle to the surface of our universe itself. The result
of this new understanding will undoubtedly usher technological
developments that can only be dreamed of today. These will
indisputably change the landscape of business, industry and the
global economy of our world.
AusTRALIAN LeADeRshIP ReTReAT 2013 – PRoGRAM 9
Friday 23 August
Addressed by:
Nassim Haramein
Director of Research, The Resonance Project
Moderated by:
Professor Ian Chubb AC
Chief scientist, The Australian Government
7:00 PM - 9:00 PM Dinner – Hayman Pool
5.1 Nightcap: A conversation with Luigi Zingales
9:05 PM - 10:00 PM Join Luigi Zingales in a discussion about modern ideologies and
Entertainment Centre capitalism, what it is supposed to be, what went wrong, and how
– lower to recover once again the spirit of the market.
Addressed by:
Professor Luigi Zingales
Robert C. McCormack Professor of entrepreneurship and Finance
and the David G. Booth Faculty Fellow, The university of Chicago
Booth school of Business
Moderated by:
Professor John Quiggin
Federation Fellow, school of economics, The university of
Queensland
5.2 Nightcap: A conversation with Chris Barrie
9:05 PM - 10:00 PM
Join Admiral Chris Barrie AC RAN Retd in a discussion about the
Fontaine Private
shadow side of service; how duty, honour and trauma sometimes
Dining Room
go together; from the armed forces, to the fire brigade, to
community work, and the role of both professional and cultural
solutions that reflect and in turn improve the broader values of a
society.
Addressed by:
Admiral Chris Barrie AC RAN Retd
Visiting Fellow, strategic and Defence studies Centre,
The Australian National university
Moderated by:
Dr Janet Stanley
Chief Research officer, Monash sustainability Institute
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