Despite the rapid adoption of AI in business operations, a significant gap exists in its inclusion on corporate board agendas. A Deloitte study found that 45% of board members do not discuss AI, with only 14% regularly including it in meetings. Ciaran Bollard from the Corporate Governance Institute emphasizes that neglecting AI could hinder boards from achieving effective governance. He highlights the need for boards to recognize AI as essential to navigating today's complex business landscape, rather than a secondary concern that can wait for future discussions.
Boards that ignore AI may struggle to meet the ever-evolving demands of watertight governance.
Managed correctly, there is a vast potential at their fingertips, able to assist them in this new, stricter, higher-stakes landscape of modern governance.
Many directors see AI as an aside to all that - something they'll get to when they have time.
There are two undeniable truths about AI in business: the first is that it will redefine how we work, and the second is that it's here to stay.
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