AI governance insights on camera

Board oversight of AI propels companies forward

As AI business solutions continue to emerge, boards can shape the futures of their organizations through their oversight of management’s deployment of this technology.

Boards have the experience and vision to lead in this area, and conscientious directors are working to educate themselves on the technology while considering how to add people with deep AI insights to their rosters.

In this series of videos, Grant Thornton professionals and prominent governance and AI thought leaders share their perspectives on how boards can nudge their organizations toward effective and profitable AI uses that remain consistent with organizational principles.

Keep checking back as we add more videos with fresh perspectives.

Consider AI’s implications for your people

To enable organizations to get the most out of their AI initiatives, boards need to keep management focused on the impact the technology will have on the organization’s people. In these two videos, Grant Thornton Growth Advisory Services Managing Director Joe Ranzau discusses:

• How boards can make sure organizations are training people to take advantage of AI and manage the risks associated with the technology.
• The role boards play in overseeing management of the risks HR organizations face when they incorporate AI into their processes.

“We have to prepare folks, but we also need to make sure we’re caring for the culture of the organization,” Ranzau said.

Get more perspective from Ranzau in these videos. 

Preparing people to take advantage of AI

Boards need to establish strategy and standards for AI use in their organization and also make sure resources are allocated appropriately toward training, Ranzau explains.

2:00 | Transcript

Understanding AI use within the HR function

Strong AI governance requires boards to ask the right questions to get a complete picture of the opportunities, risks and potential consequences that can arise from AI use by HR personnel, Ranzau says.

1:53 | Transcript

Oversight of systems, data security and AI risks

In these three videos, Grant Thornton Risk Advisory Principals Johnny Lee and Ethan Rojhani describe how boards can help management make sure systems and data are ready to facilitate AI capabilities while maintaining careful oversight over the risks.

“You bring a multidisciplinary team to the table,” Lee said. “You have an HR representative to speak to those concerns. You have a finance representative to speak to those data sets and those concerns, those risks. Likewise with legal and operations and compliance and IT. So that’s the bedrock. You have those multidisciplinary perspectives brought to bear. And then you consult niche expertise where you don’t have it in-house.”

Watch the videos for more insights from Lee and Rojhani.

How cybersecurity and AI risk management intersect

The need for attention from throughout the organization makes management’s efforts to manage AI risks analogous to cybersecurity practices, according to Lee and Rojhani.

3:56 | Transcript

AI data security tips for boards

Gaining a complete understanding of an organization’s data assets is a key prerequisite for managing risks related to AI. Lee and Rojhani share their perspectives.

2:44 | Transcript