HTI partnered with the Australian Institute of Company Directors (AICD) to produce a new suite of resources to help directors and boards navigate the challenges raised by Artificial Intelligence (AI) systems, published on 12 June 2024.
HTI and AICD’s Governance of AI resources for directors
Building on research undertaken for HTI’s AI Corporate Governance Program, the resources include:
1. A Director’s Introduction to AI lays the foundations for understanding AI concepts including:
• why AI is relevant for directors, what it is and how and why it is being used by organisations
• opportunities and risks of AI systems
• current and evolving legal obligations in relation to the use of AI.
2. A Director’s Guide to AI Governance outlines the governance imperative for AI systems and provides practical guidance for boards already using or planning to deploy AI within their organisations.
3. A concise Snapshot of the ‘Eight elements of effective, safe and responsible AI governance.’
4. AI Governance Checklist for SME and NFP Directors provides a practical checklist for these directors recognizing the significance of small and medium-sized enterprises to the Australian economy and the specific needs of this sector.
By applying the eight elements of safe and responsible AI governance discussed in these resources, directors can guide their organisations to deploy AI systems safely and responsibly for maximum strategic and competitive advantage.