As artificial intelligence becomes more prevalent in the decision-making process for boards of directors, it’s vital to understand the risks and legal implications that it brings. In their Corporate Counsel article, “Counsel’s Guide to AI in the Board Room,” Jim Ryan and Timothy J. Harris discuss the new technology and explain how directors can fulfill their duty of care when implementing it.
“While there are a myriad of legal issues that AI touches, from privacy to liability standards, the implementation of AI in the board room is fundamentally a question of corporate governance,” they said. “It is therefore important for corporate counsel to keep a clear analytical framework in mind in order to facilitate their board’s responsible deployment of AI without simply throwing up road blocks.”