Centre for Corporate Governance & Sustainability hosts virtual session on ‘Corporate Governance: What is Next? Can Artificial Intelligence Help Boards Govern Effectively?’
Panel discussion on 9th May explores how Corporate Governance and Board functions are transforming to meet challenges/opportunities created by emerging technologies
13 May, 2024, Bengaluru: The Centre for Corporate Governance and Sustainability (CCGS) at IIM Bangalore hosted a virtual session on, ‘Corporate Governance: What is Next? Can Artificial Intelligence Help Boards Govern Effectively?’ on 9th May 2024.
To view the full session, please visit: https://youtu.be/AGdSU9o2wjs
The speakers of the panel discussion included Prof. S Sadagopan, Former Director, IIIT Bangalore; Dr. Gopichand Katragadda, Founder & CEO, Myelin Foundry, and Sameer Dhanrajani, CEO & Co-founder, AIQRATE. The session was moderated and chaired by Ajay Nanavati, Former Chairman, Syndicate Bank and Former Managing Director, 3M India.
The panelists deliberated upon how Corporate Governance and Board functions are undergoing a profound transformation to meet the challenges and opportunities created by emerging technologies. This is because rapid advances in AI have brought new demands and challenges regarding transparency, ethical accountability, skill sets and informed decision-making.
The speakers pointed out that many functions have become easier in terms of capturing and generating data in the post-AI era. They added that AI and other emerging technologies have simplified the data management process in academic institutions. Moreover, the ability to contribute efficiently to the Board has increased due to emerging technologies, particularly in generating new ideas and recommendations, as well as capturing best practices and past practices.
The panelists went on to discuss the opportunities and challenges of AI in the Corporate Governance area, the need for new AI regulations, whether the existing laws and regulations are sufficient for issues that AI will bring about, etc. It was observed that AI implementation across an enterprise is not an easy decision by the Board – it needs a greater level of investment and people commitment.
Discussions also revolved around if AI can start providing effectiveness and efficiency in the day-to-day operations of business. Using AI in key Board functions was explored, including, developing strategies, IP generation and management, reporting and documenting, validating decisions by Boards, and predicting and managing risks.
Centre for Corporate Governance & Sustainability hosts virtual session on ‘Corporate Governance: What is Next? Can Artificial Intelligence Help Boards Govern Effectively?’
Panel discussion on 9th May explores how Corporate Governance and Board functions are transforming to meet challenges/opportunities created by emerging technologies
13 May, 2024, Bengaluru: The Centre for Corporate Governance and Sustainability (CCGS) at IIM Bangalore hosted a virtual session on, ‘Corporate Governance: What is Next? Can Artificial Intelligence Help Boards Govern Effectively?’ on 9th May 2024.
To view the full session, please visit: https://youtu.be/AGdSU9o2wjs
The speakers of the panel discussion included Prof. S Sadagopan, Former Director, IIIT Bangalore; Dr. Gopichand Katragadda, Founder & CEO, Myelin Foundry, and Sameer Dhanrajani, CEO & Co-founder, AIQRATE. The session was moderated and chaired by Ajay Nanavati, Former Chairman, Syndicate Bank and Former Managing Director, 3M India.
The panelists deliberated upon how Corporate Governance and Board functions are undergoing a profound transformation to meet the challenges and opportunities created by emerging technologies. This is because rapid advances in AI have brought new demands and challenges regarding transparency, ethical accountability, skill sets and informed decision-making.
The speakers pointed out that many functions have become easier in terms of capturing and generating data in the post-AI era. They added that AI and other emerging technologies have simplified the data management process in academic institutions. Moreover, the ability to contribute efficiently to the Board has increased due to emerging technologies, particularly in generating new ideas and recommendations, as well as capturing best practices and past practices.
The panelists went on to discuss the opportunities and challenges of AI in the Corporate Governance area, the need for new AI regulations, whether the existing laws and regulations are sufficient for issues that AI will bring about, etc. It was observed that AI implementation across an enterprise is not an easy decision by the Board – it needs a greater level of investment and people commitment.
Discussions also revolved around if AI can start providing effectiveness and efficiency in the day-to-day operations of business. Using AI in key Board functions was explored, including, developing strategies, IP generation and management, reporting and documenting, validating decisions by Boards, and predicting and managing risks.