{"id":111947,"date":"2026-01-26T00:00:00","date_gmt":"2026-01-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?p=111947"},"modified":"2026-01-26T02:56:52","modified_gmt":"2026-01-26T02:56:52","slug":"mgxs-exec-on-board-of-new-tiktok-jv-mubadala-ceo-to-lead-wefs-business-council","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2026\/01\/26\/mgxs-exec-on-board-of-new-tiktok-jv-mubadala-ceo-to-lead-wefs-business-council\/","title":{"rendered":"MGX\u2019s exec on board of new TikTok JV + Mubadala CEO to lead WEF\u2019s business council"},"content":{"rendered":"

David Scott, chief strategy and safety officer at MGX, has joined the board<\/strong> of TikTok\u2019s spunout US unit<\/strong>, established with US and Chinese government approval to avoid a TikTok ban in the country, according to a press release<\/a>. Scott will represent MGX on the board and oversee data privacy, cybersecurity, and algorithm governance.<\/p>\n

Tiktok USDS? <\/strong>ByteDance, the Chinese owner of TikTok, recently said<\/a> it was setting up a new JV with a revised, foreign-led ownership structure to avoid US President Donald Trump banning the app in the US. The new company will keep US users\u2019 data secure and implement cybersecurity measures. ByteDance will hold a 19.9% share, and the remaining 80.1% is for US and international investors \u2014 with MGX, Oracle, and Silver Lake all set to each take a 15% holding<\/a>. The JV will retrain and update its recommendation algorithm for US users.<\/p>\n

The new board: <\/strong>We first caught wind of this last December, when it was announced that the new entity would be overseen by a seven-member, majority-American board. TikTok CEO Shou Chew is a director, along with Oracle executive VP Kenneth Glueck and Silver Lake co-CEO Egon Durban.<\/p>\n

\n

\n

WEF<\/strong> appoints Mubadala CEO Khaldoon Al Mubarak as IBC chair: <\/strong>The World Economic Forum (WEF) tapped Mubadala chief Khaldoon Al Mubarak as chair of its International Business Council (IBC), state news agency Wam<\/a> reports. Al Mubarak will serve a two-year term and the appointment marks the first time the role has been held by a regional figure.<\/p>\n

The IBC is the WEF\u2019s business leadership body<\/strong>, focusing on integrating private sector perspectives into international business policies.<\/p>\n

In his role<\/strong>, Al Mubarak will chair discussions among more than 120 chief executives and chairpersons on global economic risk, long-term growth, and the private sector\u2019s role in addressing systematic challenges such as the energy transition, technology governance, and geopolitical fragmentation. <\/p>\n","protected":false},"excerpt":{"rendered":"

MGX\u2019s David Scott will represent MGX on the board and oversee data privacy, cybersecurity, and algorithm governance<\/p>\n","protected":false},"author":1,"featured_media":111948,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1549],"tags":[7,1342,1042,33,1343],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-111947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moves","tag-enterpriseam-uae","tag-investment","tag-mgx","tag-moves","tag-mubadala","wpautop","entry"],"acf":{"mongo_id":"249a1489-a85c-4fe6-94c6-f69a303c20a7","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/12\/1039.jpg","photo_position":"above","homepage_title":"","full_issue_title":"MGX\u2019s 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