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Raffaela Rein: How AI Is Changing the Way Boards Work
Description
(0:00) Thank you to everyone who joined the inaugural Boardroom Governance Summit
(0:30) Intro
(1:51) About the podcast sponsor: The American College of Governance Counsel
(2:38) Start of interview
(3:21) Raffaela Rein’s Origin Story
(4:44) Rocket Internet: the “copycat factory,” global expansion, execution, and leadership lessons
(8:36) Founding and selling CareerFoundry
(9:16) Raffaela’s Board Journey: Porsche and other boards: PE, tech unicorn, startups and non-profits.
(11:04) Why she founded BoardLens
(15:00) AI as a Strategic Sparring Partner for board members: better preparation, sharper questions, and challenging assumptions
(16:14) How BoardLens is different from a traditional board portal and why individual directors are adopting it
(18:37) Confidentiality, Privilege, and AI: the risks of using public AI tools for board work
(21:03) The AI models behind BoardLens: Anthropic, Gemini, and OpenAI
(23:25) Open vs. Closed AI Models and balancing performance, security, and confidentiality
(25:01) BoardLens users and the growing demand for AI in regulated industries
(26:37) The “private equitization” of the economy and the rise of private-company boards
(31:38) OpenAI, Anthropic, and New Governance Models: PBCs, nonprofits, trusts, and mission-driven governance
(35:15) The Sam Altman episode and the unusual balance of power among boards, employees, and investors
(36:34) Mission vs. Financial Interests in AI governance
(37:47) Founder Control and Dual-Class Shares: SpaceX, Elon Musk, and investor willingness to accept unconventional governance
(39:17) The Porsche IPO and other unconventional governance structures
(41:07) U.S. vs. German Boards: comparing the single-board and two-tier governance models
(44:00) Why the board meeting should be one of the most valuable meetings in the company, not simply a reporting exercise
(44:40) Why Raffaela believes the AI transformation may be bigger than the digital transformation
(45:36) AI Strategy and Governance education for directors
(46:00) Building a Directors Council to think about the future of board work in an AI-driven world
(47:44) Autonomous vehicles, disruption of the German and European auto industries, and global competition
(48:15) What happens if AI makes many goods and services dramatically cheaper, or even effectively free?
(49:04) Books that have greatly influenced her life:
- Radical Candor, by Kim Scott
- Never Split the Difference, by Chris Voss
- The Hard Thing About Hard Things, by Ben Horowitz
(51:13) Her mentors and the people she admires for perseverance
(52:12) Quotes she thinks of often: Invictus and “I am the master of my fate, I am the captain of my soul.”
(52:54) An unusual habit: going through different color phases
(53:56) The living person she most admires: Tony Robbins, and his ability to sustain a sense of purpose over decades
Raffaela Rein is the CEO and founder o