Demystifying AI: What does it really mean for the boardroom?
Right now, up to 65% of companies are harnessing the power of GenAI, with countless more dabbling in 'shadow AI' unbeknownst to their leadership.
It's no secret, AI stands as a transformative force. The 2024 McKinsey report highlights the urgency for generative AI (GenAI) to demonstrate its value following its rise to prominence in 2023. This shift underscores the necessity for organisations to adapt swiftly to leverage AI effectively and responsibly.
Board members and business leaders must grasp the implications of AI to navigate the complex interplay between innovation and risk. From driving efficiencies and fostering innovation to addressing compliance challenges, AI is redefining corporate governance. Is your organisation up to the task?
Diligent and Board Agenda have collaborated to create this insightful report, designed to enhance your understanding of:
- AI integration and risk management: Understanding and managing AI deployment across various business functions is essential to mitigate risks, including data privacy and algorithmic biases.
- Ethical AI use: Promoting fair, transparent, and accountable AI practices is crucial for safeguarding organisational reputation and ensuring sustainable growth.
- Global AI regulations: Staying informed about evolving regulatory landscapes, such as the EU’s AI Act, is critical for compliance and strategic alignment.
- AI literacy for board members: Enhancing AI education and literacy among board members is fundamental for informed oversight and strategic decision-making.
- AI-Powered GRC: Leveraging AI for governance, risk, and compliance (GRC) can streamline processes, enhance risk management and ensure regulatory adherence.
Download our whitepaper today to gain a deeper understanding of the strategic steps your company should take to leverage AI responsibly and effectively.
