Infosys CEO Kris Gopalakrishnan is guest blogging for CNBC at WEF. Here are some of his thoughts he related to us as the event gets underway, including what he hopes to see from the sessions, what his company discloses on banks and what he hopes to see at the buffet table.
What Can WEF Achieve this Year?
The world has completely changed from last year. Clearly after Sept. 15 it's a different world with economic turmoil.
This provides an opportunity for us to look at what the things are that we need to do in three areas.
1. Crisis of confidence. How do we restore trust, confidence in institutions so that economic activity can come back?
In this regard, I also believe we have to look at how companies embrace values. Regulators can only do so much.
2. Defining success. If it's defined only in financial terms, then you will have these situations repeating in the future. The solution includes society, it includes the environment, it includes a balance between short-term and long.
3. The concept of risk itself. In some sense it's related to the second outcome of success. Risk will have to be defined better, with an understanding of the implications from a long-term perspective.
Innovations are necessary for creating new business. But if the long-term implications are going to be negative we need to protect ourselves.
What are the ways we can protect ourselves from the negative implications of innovation?
What's New this Year?
I am a vegetarian, so I hope there will be more choices available to vegetarians.
Also, it's good for the environment. Vegetarians use less carbon and I'm happy to be a vegetarian. Also this year there is more participation from political leaders. It's going to be interesting.