Promoting more accountable AI in the boardroom through smart regulation

Zhao, J. ORCID: 0000-0001-6430-2356, 2024. Promoting more accountable AI in the boardroom through smart regulation. Computer Law and Security Review, 52: 105939. ISSN 0267-3649

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This paper focuses on the benefits that accountable artificial intelligence (AI) could bring to corporate boardrooms, and the role and format of regulation to promote more accountable AI. It will investigate the interconnections between AI, accountable decisions made by boards of directors in companies, the associated legal risks, and how to regulate AI to mitigate risks while promoting accountability. In the boardroom, AI is defined as the use of computers to assist, support, collaborate or even duplicate directors’ behaviours. The last few years have seen increased calls for boards to have oversight responsibility at the intersection between AI and the regulatory and policy implications in a corporate setting. AI can be applied to advance the effectiveness and efficiency of corporate governance and to raise awareness of accountable practice in its standardisation and implementation. However, AI can also be a disruptive technology, and the accountable practice of AI needs to be reinforced by regulatory insight to enable its sustainable development. No consensus has yet been reached on the most appropriate regulatory framework to achieve these goals; this article therefore aims to identify the most appropriate regulatory framework to promote sustainable AI by monitoring and mitigating the associated risks in a corporate setting. We investigate the rationale for and advantages of a smart regulatory approach for regulating AI, aiming to achieve the participation of multi-disciplinary teams with members playing particular roles associated with the safe and effective deployment of AI.

Item Type: Journal article
Publication Title: Computer Law and Security Review
Creators: Zhao, J.
Publisher: Elsevier
Date: April 2024
Volume: 52
ISSN: 0267-3649
Divisions: Schools > Nottingham Law School
Record created by: Laura Ward
Date Added: 08 May 2024 08:27
Last Modified: 08 May 2024 08:27

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