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Analysis:
Analysis
09 Oct 2024
7 minute read

Governance of AI: A critical imperative for today’s boards

In a new Deloitte Global Boardroom Program survey of nearly 500 board directors and executives across 57 countries, 45% say AI is not yet on the boardroom agenda. Is it time to step up AI oversight in the boardroom?

The survey explored how involved boards have been in AI governance and sentiments about the current pace of adoption. It also looked at the board’s role in strategic oversight of this evolving technology.

Key takeaways

  • Almost half of respondents (45%) say AI is not on the agenda of the board of directors.
  • Over three-quarters of respondents (79%) say their boards have limited, minimal, or no knowledge or experience with AI.
  • Just 2% say their boards were highly knowledgeable and experienced with AI.
  • Nearly half (46%) of those surveyed say they are unsatisfied or concerned with the amount of time boards spend addressing AI.
  • 41% say their organisations are not ready for AI.
  • 44% of those surveyed say the pace of AI adoption needs to accelerate.

How can boards best navigate these opportunities and challenges? What are a few immediate actions boards can consider taking to bolster AI governance?

Read the full article to learn more.

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Get in touch

Dr Amanda J Williamson

Associate Director – Generative AI
+64 9 956 9859

Melissa Collier

Audit, Assurance & Reporting Advisory Leader
+64 9 306 4430

Kevin Ross

Director - Artificial Intelligence & Data
+64 93064450

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