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As we enter a new era of AI-driven advancements, the question for boards is not whether to embrace GenAI technologies like ChatGPT but how quickly and deeply can Boards and organizations do so. In the ever-evolving landscape of corporate governance, the probability of adopting GenAI into the organization's board of directors processes/tools raises both exciting possibilities and cautious considerations.
The role of a board requires addressing essential and complex issues with thoughtfulness and consideration, making GenAI a perfect technology (e.g., ChatGPT) assist in these endeavors, resulting in more enhanced and intelligent decision-making.
In this way, boards can tap into AI to gain up-to-date perspectives which helps empower directors by giving them real-time access to the information they need. With this, it is vital to acknowledge the risks inherent in involving a machine to support board responsibilities and how this affects interpersonal dynamics and corporate culture within the organization. Boards and organizations need to strike the right balance between automated decision-making and human oversight to prevent critical unintended ethical and legal consequences.
Join GCC BDI and Vinay Chandran as we discuss the advantages of integrating GenAI and how organizations can optimize the benefits, while looking into the possible areas of ethical and legal implications.
In this session, we will examine:
• The things to consider when it comes to incorporating the use of AI in Boardrooms.
• The ethical and legal issues Boards face when it comes to open AI.
• The challenges and risks involved with adapting GenAI in Boards.
• The process and implications of the transition to AI inclusive Boards.
Event details
Date: 12 February 2024
Time:
- 12pm - 1pm (KSA Time)
- 1pm - 2pm (UAE Time)
Platform: Zoom Meeting
Fees: Free for Members and Fellows; by invitation only
The 'Ask the Expert Series' is our eminent service provided to Members and Fellows to keep them up to date on various hot topics and provide them with insights on the latest thinking and trends.
Associates interested in applying and becoming a Member, please contact the membership team at membership@gccbdi.com
