“A Revolution in Governance: How AI Will Make Boards More Effective” from INSEAD Knowledge identifies multiple ways in which AI can enable boards to enhance their oversight and overall effectiveness. Among the challenges that have purportedly historically impeded board effectiveness and that AI can “solve” for are the following: information asymmetry between the board and management; selective information-sharing; the episodic nature of information sharing; insufficient time and ability to digest and reflect on large volumes of information on complex issues in typically time-constrained circumstances; and a dearth of information that supports proactive planning.
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This post first appeared in the weekly Society Alert!