Governance of AI: A Critical Imperative for Today’s Boards
Defining the Opportunity: Key Themes from the Survey 31% say AI is not on the board agenda 66% say their boards don’t know enough about AI 33% think boards are not spending enough time on AI 40% are rethinking board composition due to AI AI not always on the agenda, but improving: Nearly one-third (31%) […]
Anna Marks is the Global Chair, Lara Abrash is the Chair, and Dr. Arno Probst is the Global Boardroom Program Leader at Deloitte LLP. This post is based on their Deloitte memorandum.
Defining the Opportunity: Key Themes from the Survey
- 31% say AI is not on the board agenda
- 66% say their boards don’t know enough about AI
- 33% think boards are not spending enough time on AI
- 40% are rethinking board composition due to AI
AI not always on the agenda, but improving: Nearly one-third (31%) of respondents say AI is not on the board agenda. In the previous survey, 45 percent said the same (a change of 14 percentage points).
More boards getting up to speed on AI: Two-thirds of respondents (66%) say their boards still have “limited to no knowledge or experience” with AI. However, this is an improvement from the 79 percent who said the same in the previous survey (a change of 13 percentage points).
An increase in the time boards spend on AI: One-third (33%) of respondents are “not satisfied” or “concerned” with the amount of time their boards devote to discussing AI. However, that represents a decrease of 13 percentage points from the previous survey when nearly half said the same (46%).
AI’s influence on board makeup: Two out of five respondents say AI has caused them to think differently about their boards’ makeup—a slight increase (4 percentage points) from the previous finding. (more…)
