Can Boards Balance AI Innovation with Ethical Responsibility?
Description
Boards are integrating artificial intelligence and technology to remain competitive, while addressing ethical implications and maintaining trust. AI tools provide benefits such as predictive analytics and faster decision-making, but can introduce risks like bias in recruitment. Boards are implementing recurring AI ethics discussions, oversight mechanisms, and director education to manage these risks. Diverse board composition helps identify ethical blind spots. Technology governance includes transparency, data privacy policies, and ongoing monitoring. Boards are adopting continuous learning and structured oversight to ensure responsible AI use and compliance.
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