Boardroom Confidential

Australian Institute of Company Directors

Produced by the Australian Institute of Company Directors (AICD) Hosted by Bennett Mason, Boardroom Confidential brings you candid conversations with some of Australia's most influential company directors, business leaders, and experts. Together, we explore their paths to the boardroom, lessons from their careers, and the ideas shaping modern governance. Whether you're an experienced director or just starting your governance journey, each episode offers practical insights into leadership, decision-making, culture, risk, and strategy—straight from those who sit at the board table. Tune in for fresh perspectives on what it takes to lead with purpose in today's complex business environment.

  1. Holiday Archive - Audette Exel on social entrepreneurship in action, learning from mistakes, and the board's role in promoting philanthropy

    2D AGO

    Holiday Archive - Audette Exel on social entrepreneurship in action, learning from mistakes, and the board's role in promoting philanthropy

    Over the holidays, we'll be bringing you some earlier episodes of our Boardroom Confidential podcast. This time it's Audette Exel, the founder and chair of Adara Group. She's also a former director with Suncorp and Westpac and previously served as Chair of the Bermuda Stock Exchange. Audette shares the story behind Adara's unique model, which channels profits from corporate advisory work directly into life-saving development programs in some of the world's most remote communities. She reflects candidly on the mistakes she's made along the way, what they taught her, and why boards need to talk more openly about failure. The conversation also explores governance across complex global organisations, the responsibilities of boards in philanthropy and social impact, and how purpose should sit at the centre of corporate decision-making. Audette offers practical insights for directors seeking to use their influence — and their organisations — to create lasting value for society. Key Themes Purpose-led leadership and social entrepreneurship Innovative funding models for not-for-profits Governance, risk and accountability across complex global organisations Learning from failure and embracing mistakes in leadership The role of boards in philanthropy and social licence to operate Diversity of thought and values at the board table

    37 min
  2. Holiday Archive - David Kirk on investing in Australia's tech start-ups, what big companies can learn from small ones, and how to prepare for board meetings

    12/29/2025

    Holiday Archive - David Kirk on investing in Australia's tech start-ups, what big companies can learn from small ones, and how to prepare for board meetings

    Over the holidays, we'll be bringing you some earlier episodes of our Boardroom Confidential podcast. This time it's David Kirk, the co-founder of listed venture capital fund Bailador and chair at a range of organisations including KMD Brands, Forsyth Barr and KiwiHarvest.  David was also the CEO of Fairfax Limited and had an extremely successful career on the sporting field, captaining the mighty All Blacks to victory in the first Rugby World Cup in 1987. David shares what he's learned moving from executive leadership into chair and portfolio roles, including how to stay focused across competing priorities. He unpacks the chair–CEO relationship: how to be a genuine supporter while maintaining clear accountability, and why trust and expectations matter. The conversation also explores what high-performing boards look like in practice — from encouraging healthy disagreement to avoiding unhelpful conflict, and the simple disciplines that improve decision-making. David also reflects on growth-stage investing, founder dynamics, and why not-for-profits benefit from a stronger "social venture" approach. Finally, he draws leadership lessons from elite sport — and explains why governance in sporting organisations can go wrong when it becomes too representative. Key Themes The shift from executive leadership to a portfolio of board roles What makes a strong chair–CEO partnership (and where it can go wrong) How chairs build effective board culture, debate and decision-making Practical board discipline: preparation, focus, and "reading the papers" Growth-stage investing and governance in tech businesses  What business can learn from elite sport—and what sport gets wrong in governance

    40 min
  3. Special Episode - From the Server Room to the Boardroom: AI, Identity and the Cyber Risks Directors Can't Ignore

    12/03/2025

    Special Episode - From the Server Room to the Boardroom: AI, Identity and the Cyber Risks Directors Can't Ignore

    Presented by Okta   Cyber security has become a core governance issue, not just an IT problem. In this episode, Mathew Graham, Chief Security Officer for Asia–Pac at Okta, explains why identity is now the front line of security — and what that means for directors. He outlines how cyber risk has shifted from firewalls to cloud systems, remote work and interconnected supply chains, where most breaches now begin with compromised credentials.   Mathew clarifies the board's role in setting risk appetite, shaping a culture of security, and holding management accountable through clear, risk‑focused reporting. He challenges common misconceptions ("compliant = secure") and highlights the danger of relying on a single tech provider.   He also explores AI's dual edge — accelerating attacks and strengthening defence — and why non‑human identities like bots and AI agents must be secured. Finally, Mathew shares practical steps: stronger MFA, regular simulations and one big question every board should ask — who has access to our most critical data?   Key Takeaways:   ·       From tech issue to business risk — why cyber has moved from the server room to the boardroom, with identity now the critical perimeter. ·       Board vs management roles — the board sets the "what" and "why" (risk appetite, culture of security); management owns the "how". ·       Good cyber reporting — concise, risk-focused dashboards over jargon-heavy reports; red flags when leaders can't answer "who has access to what?". ·       SMEs and NFPs — how resource-constrained organisations can use ACSC guidance, baseline controls and targeted investment to lift their posture. ·       AI as accelerator — attackers using AI for better phishing, faster vulnerability discovery and malware, while defenders use AI for anomaly detection. ·       Non-human identities & supply chain risk — bots and AI agents as new identities to secure, and why many major breaches now start with a third party.

    34 min
  4. S3E4 – Tim Trumper: Building AI-ready boards, chair succession done right, and leading through volatility

    12/01/2025

    S3E4 – Tim Trumper: Building AI-ready boards, chair succession done right, and leading through volatility

    Former NRMA Chair Tim Trumper joins Boardroom Confidential to talk about AI in the boardroom, data-led transformations, and the craft of modern chairing. Drawing on his book AI: Game On, Tim explores one of the central governance questions of our time — "who or what decides?" — and how directors can set guardrails that protect customers while still unleashing innovation.   Tim shares practical playbooks from the NRMA's reinvention journey, why whole-of-board learning beats delegating AI to a single expert, and how great chairs keep the "silent voice of the customer" present in every discussion. Plus: chair succession that actually works, and leading through an era where volatility is the constant.   Key Themes:   ·       AI in the boardroom — deciding who or what decides, setting boundaries, and avoiding inaction ·       Guardrails without brake lights — a "data/AI Hippocratic oath" to do no harm while innovating ·       Leaders must use the tools — boards should get hands-on with AI, not delegate it to one expert ·       Customer-first data — using insight to solve problems in real time and define "what good looks like" ·       Chair craft — curiosity, empathy, and the "silent voice of the customer" in every meeting ·       Chair succession — start early, plan for fit not just skills, and communicate openly ·       Boards in a VUCA world — adapt fast, think creatively, and stay flexible amid uncertainty Click here to watch a video version of the podcast on YouTube

    36 min

About

Produced by the Australian Institute of Company Directors (AICD) Hosted by Bennett Mason, Boardroom Confidential brings you candid conversations with some of Australia's most influential company directors, business leaders, and experts. Together, we explore their paths to the boardroom, lessons from their careers, and the ideas shaping modern governance. Whether you're an experienced director or just starting your governance journey, each episode offers practical insights into leadership, decision-making, culture, risk, and strategy—straight from those who sit at the board table. Tune in for fresh perspectives on what it takes to lead with purpose in today's complex business environment.

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