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Download the Shaping Malta's Future 2021 Report

The analysis presented in this report is the result of a survey that was conducted between Monday 13th and Friday 24th September 2021. 

The research aimed to help understand the dynamics of "good corporate governance in relation to sustainable development." As Malta looks to reignite the momentum to improve on the pre-COVID-19 landscape, sustainable development and good corporate governance will be key to trigger operational recovery in an efficient manner. 

This survey and its results were used to inform the discussions that were held during the Grant Thornton online conference "Shaping Malta’s Future: Governance and Sustainability."

Themed reports

Embracing the digital revolution

Technology is the primary force behind the shift of businesses to digital transformation.

Read more Embracing the digital revolution

Malta’s way forward: sustainable recovery, development and growth

Governments worldwide are pursuing their efforts to revive the economy by investing through sustainable schemes and measures.

Read more Malta’s way forward: sustainable recovery, development and growth

Malta and the Great Reset: sectors and skills that will drive growth

Malta’s GDP decreased from 12.5 million Euro in 2019 to 11.5 million Euro in 2020 reflecting a decrease of 7.8% from the previous year.

Read more Malta and the Great Reset: sectors and skills that will drive growth

The evolution of corporate finance and digital economy

The Internet of Things, Artificial Intelligence and Distributed Ledger Technology are some of the innovative technologies that are changing corporate finance.

Read more The evolution of corporate finance and digital economy

The hybrid office: productivity, social dynamics, and way forward

The question of whether remote working will be the new norm has to be considered by examining the problems that could possibly inhibit such a new reality.

Read more The hybrid office: productivity, social dynamics, and way forward

Government strategies to drive business sustainably

In 2020, digital customer interactions increased to 50% of all customer interactions.

Read more Government strategies to drive business sustainably

Financing during and post Covid-19

In some parts of the world, the pandemic has fast turned into a humanitarian crisis.

Read more Financing during and post Covid-19

Championing risk management through sustainability

Formidable internal controls and risk management ensure the effectiveness in curtailing fraud and mitigating risks faced by organisations.

Read more Championing risk management through sustainability

Enabling a culture shift: Covid, FATF and an alternative outlook to GDP and beyond

During the Covid-19 pandemic, where even the richest nations (in terms of GDP) faced hardship in order to protect their economy and its people.

Read more Enabling a culture shift: Covid, FATF and an alternative outlook to GDP and beyond

“Shaping Malta's Future" is our annual conference aimed at generating discussion about the economy, sustainability and the impact on future generations. The debate is informed by our yearly Shaping Malta report, which analyses the state of the Maltese economy and the challenges ahead.

The 2021 conference, dedicated to governance and sustainability, ran over the course of three days in October, and featured themed panels and a line-up of prominent speakers both from the private and the public sectors.

The forum addressed how sustainable development is key in order to reignite the Maltese economy momentum after COVID-19, what organisations learnt, how businesses can mitigate deficiencies brought to light by the pandemic and what sustainable safeguards can be introduced to prevent similar market disruptions in the future. 

In 2022 we will return with more thought-provoking discussions and insights from some of the most influential local and international leaders.

- Get valuable insights from over 30 local and foreign experts;

- Participate in the discussions by putting forward your questions;

- Take part in interactive polls;

- Network with other business professionals in our virtual lounges;

- Visit our virtual booth and book a meeting with our specialists.

Reserve your free place for "Shaping Malta's Future" 2022

Shaping Malta's Future 2021 Agenda (click to expand)

6 October

2:30 - 3:15 pm | The hybrid office: productivity, social dynamics and way forward

The pandemic forced many organisations to adopt a decentralised working model setting up remote teams. How has this affected productivity and what are the organizational and mental challenges faced by employees who are suddenly isolated from their peers? Is remote working a sustainable model in the long term?

Speakers:

Kjersti Arntsen, Director People & Culture, Grant Thornton International

Gerd Bergh, Head of Employee Experience, Betsson Group

Finian Massa, ICT Solutions

Dr Joyce Cassar, Permanent Secretary, People and Standards (OPM)

 

 

3:30 - 4:15 pm | Embracing the digital revolution

While Covid-19 has projected the world toward an accelerated digitalization, new generations might have seen this coming. How do university students think this emphasis on technology may affect their careers and does this mean the end of "traditional" jobs?

Speakers:

Dr Claudia Borg, Department of Artificial Intelligence, University of Malta

Dana Farrugia, Chief Executive Officer, Tech.mt

Hesus Inoma, Head of Digital, Data Solutions & Fintech Practice, Grant Thornton Ireland

Francesca Mizzi, IT student, University of Malta & Marketing Officer, ICTSA

 

4:30 - 5:15 pm | Governance strategies to drive business sustainability

Government incentives to increase digitisation for companies can pave the way towards corporate sustainability, however, organisations must be ready to adopt digital governance strategies. What are the key implications from a managerial perspective?

Speakers:

Dr Clinton Bellizzi, Council of Notaries

Liana DeBattista, Head of Strategy & Propositions, APS Bank

David Xuereb, Chairperson Occupational Health and Safety Authority

7 October

2:30 - 3:15 pm | The evolution of corporate finance and digital economy

We will discuss how blockchain transforming corporate finance and the financial services industry as well as its impact on capital markets by gradually replacing stock agents and changing the way stocks are traded.

Speakers:

Dr Jessica Borg, Senior Manager, Regulatory, Corporate & Financial Services, Grant Thornton Malta

Christoph Surgowt, CEO, VAIOT 

Dr Gege Gatt, Chief Executive Officer, EBO.AI

Luciano Brincat, MFSA

 

3:30 - 4:15 pm | Malta and the great reset: sectors and skills that will drive growth

The “Great Reset” will see the alignment of the economy with the most pressing social issues. How can Malta capitalize on this monumental change and make sure that its workforce will be equipped with the skills necessary to succeed in this brave new world?

Speakers:

Gordon Cordina, Chairman, BOV

David Curmi, Executive Chairman, Air Malta

Geoffrey Debono, CEO, Debono Group

Christos Barberis, Managing Director, Camilleri Holdings Ltd.

 

4:30 - 5:15 pm | Financing during and post Covid-19

A look inside the traditional forms of finance used during the pandemic. What mitigations are credit institutions using to safeguard against another financial crisis and what measures are being implemented to ensure that FDI is fully reignited? We will also delve into the impact that the pandemic had on capital markets. 

Speakers:

Nick Xuereb, Vice President, Malta Chamber of Commerce

George Vella, Head of Advisory, Grant Thornton Malta

Simon Zammit, CEO, Borza ta' Malta

Rene Saliba, Chief Executive Officer, Malta Development Bank

 

8 October

2:30 - 3:15 pm | Championing risk management through sustainability

Internal risk management and control functions help to strengthen governance frameworks, but how can organizations ensure their compliance with the latest regulations and legislation requirements? We will discuss the role of the risk management specialist in identifying and mitigating internal risks.

Speakers:

Ruth Esposito, Manager, Compliance and risk, Grant Thornton Malta

Giovanni Bartolotta, Chief Risk Officer, APS Bank

Brian Zahra, Lecturer, Criminology Department, University of Malta

Dr Jonathan Spiteri, Insurance lecturer, University of Malta

 

3:30 - 4:15 pm | Malta's way forward: sustainable recovery, development and growth

What measures are private organisations putting in place in order to safeguard the environment? How is the public sector ensuring that its policies are up to date with the latest environmental regulations? How is Malta aligning its Sustainable Development Vision for 2050 with the UN’s 17 Sustainable Development Goals? 

Speakers:

Gabriella Cassola, Deputy Director, 3CL Foundation

Paul Vermaak, Founding Director, EarthPLAN

Darren Borg, Rebels with a cause, Co-Founder

Karl Azzopardi, CEO, Building Construction Agency

 

4:30 - 5:15 pm | Enabling a culture shift: Covid, FATF and an alternative outlook to GDP and beyond

Grant Thornton Malta Managing Partner Mark Bugeja will deliver a wrap-up session, discussing the road ahead for Malta and its financial institutions.

Speakers:

Dr Marie Briguglio, Faculty of Economics, Management & Accountancy, University of Malta

Mario Galea, Chairman Identity Malta & National Foreign Investment Screening Office

Dr Wayne Pisani, Partner, Head of Regulatory and Compliance, Corporate and Financial Services, Grant Thornton Malta

Alfred Camilleri, Permanent Secretary, Ministry for Finance and Employment

2021 Speakers

Download the Shaping Malta's Future 2020 report

The economic implications and repercussions brought on by the COVID-19 global pandemic are deep and far-reaching, affecting the economy of virtually every nation on earth. The virus has caused severe disruptions across numerous sectors from both the demand side and the supply side.

Malta is no exception, and in order to enable Maltese businesses, policy makers and stakeholders to make informed analyses and decisions, it is crucial that they have at their disposal recent and accurate data that allows them to form a representative picture of the perceptions of Maltese citizens.

This survey was thus launched with one goal in mind – to gain an understanding of Maltese behaviour in the aftermath of the COVID-19 outbreak, with respect to:

  • Economy
  • Social behaviour
  • Environment