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LIONEL MOYAL: Responsible AI and the corporate governance conundrum

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AI offers advantages across almost every industry, but legislation guided by the King IV Report is needed to ensure businesses harness AI responsibly

Artificial Intelligence is increasingly embedded in all applications, platforms and software, and is helping unlock value and drive impact in all sectors ranging from retail and manufacturing to healthcare and financial services.

However, as more businesses begin to experience these benefits and the use of AI becomes more prevalent and ubiquitous, it will become more critical than ever to leverage it in a responsible way. As it now stands, only one of the 17 principles of the King IV Report — Principle 12 — explicitly talks to the governance of technology and information in a way that supports the organisation in setting and achieving its strategic objectives. Each of the principles embodies the journey towards good corporate governance and acts as a guide about what businesses should aim to achieve.

 

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