At the United Nations University in Tokyo, Dr. Augusto Lopez-Claros, Executive Director and Chair of the Global Governance Forum based in Madrid and Geneva, met with form ambassadors and scholars. They discussed the emerging role of global institutions in the 21st century. Following Dr. Lopez-Claros` presentation on the major global crises and challenges, the participants first discussed the concentration of material wealth and financial instability, which resulted in growing income inequality and poverty. Second, they examined the implication of rapid expansion of economic and manufacturing activities that are causing negative impacts on the ecosystem of the Earth and climate change. Thirdly, they identified intra-state and regional inter-state conflicts and wars, particularly the war in Ukraine that is polarizing the international community. To address these global challenges, the participants reviewed the need for reforming the United Nations system, particularly the Security Council. Please click the link below for the summary record of discussions that took place in this symposium.