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A list of questions every board and executive team should be asking -- and getting answers to -- about how the use of artificial intelligence is being governed and managed for risk and compliance concerns wherever, and however, it is being used across the organization.
The use of artificial intelligence (AI), including new generative AI applications, is expanding at a rapid pace in all types of organizations. The risks presented by this new use are varied and complex. Guidance and regulations are expanding and the impact on related aspects of compliance such as protection of personal information are implicated.
A strong GRC structure providing governance, risk management and compliance controls over the use of AI is critical. Here we provide the top 25 questions that every board and leadership team should be asking now, before things get out of control.
The questions are structured into groupings under these 8 topics:
STRATEGY
GOVERNANCE
RISK MANAGEMENT
COMPLIANCE
TRAINING & EDUCATION
DATA USE & SECURITY
MODEL ASSURANCE
STAKEHOLDER MANAGEMENT
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