Ian Robertson is the chief executive officer of strategic shareholder advisory and governance firm Kingsdale Advisors Inc.
Most businesses are already utilizing some form of AI, algorithms and various platforms, such as ChatGPT. International organizations, governments, businesses, scientific and legal communities are racing to establish new regulations, laws, policies, ethical codes and privacy requirements as AI continues to evolve at a rapid pace while current legal and regulatory frameworks are lagging and becoming obsolete.
The World Economic Forum has reported that by 2026, corporate governance will have undergone a robotization process on a massive scale. Momentum in computational power, breakthroughs in AI technology and advanced digitalization will inevitably lead to more established support for corporate directors using AI in their roles, if not their full replacement by autonomous systems.