Boards Urged to Govern AI Risks As Adoption Accelerates
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Boards are woefully unprepared to govern issues related to generative AI; only 30% have even discussed alignment of philosophical beliefs about AI with management.
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Boards should start by focusing on AI as a risk rather than opportunity; consider worst-case scenarios like data breaches or deepfakes.
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Closely track company's intentions with AI algorithms; don't allow rampant decentralized AI adoption without governance.
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Verify that AI tools behave as expected; AI may need to be a topic at every board meeting to stay on top of it.
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Focus first on essential questions like whether AI is seen as a force for good or danger and if efficiency gains justify use given impacts on stakeholders.