According to the Board Practices Quarterly report, only 13% of companies have an AI policy or code of conduct. Around one-third don’t have the protocol and another one-third are currently considering enacting it.
The report also shows that only 9% have revised corporate policies to include privacy, cyber, risk management, and record retention. About one-third haven’t revised yet, but 42% of companies said they are considering a change.
While more employees and management use AI, relatively few directors are knowledgeable with how to use AI tools nor have been receiving proper education.
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The bottom line: the gen AI evolution isn’t going away, leaving corporate boards forced to deal with it.
“Boards should be thinking about AI as part of their regular agenda,” said Jaworski. “There should be a line item in there that says, AI education.”
Source: Companies Grapple With Limits in Bringing AI Into the Boardroom
