Boards need to ensure competence and oversight to respond to coming Investor questions from new AI engagement Guide by ICGN
Investor Corporate Governance Network ICGN launches Engagement Guide for Artificial Intelligence
ICGN, International Corporate Governance Network, the Investor Association led by investors in 45 countries responsible for assets under management of around US$77 trillion, including has just released the Artificial intelligence: An engagement guide, guiding the investors on how to steward the companies and their boards.
The ICGN Network members as AP funds 1,2,3,4,7, Axa Investment managers, Allianz Global Investors, BBVA, Blackrock, BNP Paribas, Credit Suisse, Elliot, Euro China Capital, Fidelity, Goldman Sachs, HSBC, JP Morgan, Nordea, Norges Bank Investment Management (NBIM) , Swedbank Robur, UBS, Zurich etc.
Investors are guided in assessing whether your company uses AI in an active yet safe, ethical, and sustainable manner, leading to a series of questions for use in investors-investee dialogue.
Boards can with the guide anticipate investors’ areas of interest and concern, and better assess the robustness of their own competence and AI oversight.
The first critical area recommended for stewardship is that Boards should ensure that they have sufficient knowledge and understanding of AI to effectively oversee the company’s responsible development and use of AI. This includes understanding the risks and opportunities associated with AI, as well as the company’s short, medium, and long-term plans for integrating AI into its business model.
We will revert further to ICGN and the guide, stay tuned.
Meanwhile read it here Artificial intelligence: An engagement guide:
Does your Board have sufficient Competence and Oversight Integrating AI into Business?
We have just launched the Board Tailored Virtual and Online Masterclass Program “Boards Oversigt Of Responsible AI for Value Creation”.
Our next Webinar and Peer Exchange “Eco-systems and Data for Boards” on March 12 at 8-9.30 includes the trailblazers
- Anna Mossberg, NED Swisscom, Volvo Cars, Orcla, Ringier, Swedbank, Member of Boards Impact Forums Strategic Advisory Boards
- Tuomas Syrjanen, CEO Futurice and NED Taaleri, Vaisala, WithSecure, FLow Technologies
Facilitated by Facilitation by Liselotte Engstam, Chair Boards Impact Forum and chair and NED at companies including TietoEvry, Cint, Zalaris, Transtema et al.
Where the Presentation and discussions will include
- Generative AIs impact on the Business Data and Ecosystems for Large and SMB Companies
- What are the boards guidance and how will that evolve
- Key Learnings from Company and Board Perspectives
Learn more and sign up to the full program by March 12 >> “Boards Oversigt Of Responsible AI for Value Creation”.
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Events arranged by Boards Impact Forum in collaboration with World Economic Forum (Non Profit Board Network, partnering with Board Networks , INSEAD Corporate Governance Centre, Digoshen and Next Agents )
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