By Karen Roman
A majority of institutions incorporate AI as part of their main business functions, yet many boards do not have formal oversight structures for AI governance, according to a governance framework paper published on research platform SSRN.
The paper proposed a practical approach to support boards on AI management that includes the STAR framework (Shareholder Value Thesis, Threat Parity, Ability, Risk Budget) for quarterly oversight, among other tools.
Power Steering, Not a Brake: How Boards Should Actually Govern AI, was written by Robert Maciejko, Henk de Jong, Sampsa Samila and Christoph Wollersheim.
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