Preparing Your Board for Generative AI

For board members and non-executive directors, generative AI stands as a pivotal innovation that offers unprecedented opportunities to drive business value, improve productivity, reach broader audiences, streamline operations, and help address complicated global issues. However, it also raises complex business and ethical questions. To gain the full trust of stakeholders and customers, AI systems need to be designed with governance, risk, legal, and ethical frameworks in mind. The aim is not just to manage these challenges as they emerge, but to proactively elevate your organization's AI practices to achieve Trusted AI.

By adopting the approaches proposed in this paper, organizations can step forward with the tools to emerge as leaders of responsible innovation, fostering trust, and paving the way for AI that serves the greater good.