For those companies dedicating significant resources to, or whose strategy is meaningfully influenced or shaped by, artificial intelligence, Debevoise & Plimpton’s “AI Oversight Is Becoming a Board Issue” shares sound considerations for boards to effect their AI risk oversight responsibilities. Among the suggested action items are to periodically include AI on the board agenda, educate the board on the company’s uses of AI and associated risks, task a member of senior management or a senior management committee with AI responsibility, and document the board’s oversight and management’s compliance activities in the board/committee meeting minutes.
Access additional resources on our Director Duties & Liabilities and Risk Management & Oversight pages.
This post first appeared in the weekly Society Alert!