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- Herausgeber: Fernanda Torre
- Kategorie: Fachliteratur
- Sprache: Englisch
It is predicted that artificial intelligence [Al], and the “big data” on which Al is based, will become one of the most challenging board issues in the next ten years. This book, AI Leadership for Boards – The Future of Corporate Governance, offers to provide guidance on how corporate boards should respond to this challenge. The findings indicate that while boards are aware of the importance of Al implementation as a key competitive advantage, they will need to develop two competence areas to successfully steward their firms into an Al-based future: [1] guiding Al operational capability and [2] supervising Al governance capability.
These areas are combined to create the Boards 4 AI Leadership Matrix – a practical tool for boards to map and develop their Al implementation. The matrix is accompanied by a set of questions to help boards develop a better understanding of where they are today in terms of the development of their Al competences as well as set an ambition for future development.
Table of Contents:
Acknowledgements
Executive Summary
Chapter 1. Introduction
Chapter 2. Background
Chapter 3. Guiding AI operational capability
Chapter 3.1. Guiding the gathering, harvesting and analysis of big data in a data strategy
Chapter 3.2. Guiding AI-driven innovation strategy
Chapter 3.3. Guiding the participation and growth on a business ecosystem
Chapter 4. Supervising AI governance
Chapter 4.1. Supervising data management, ethics and black box decision-making
Chapter 4.2. Supervising AI cybersecurity
Chapter 4.3. Supervising business ecosystem participation and leadership
Chapter 5. Boards 4 AI leadership matrix– a tool for developing board competence
Chapter 6. Beyond competence to the future of board work
Chapter 7. Conclusion
References
The Authors
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Veröffentlichungsjahr: 2020
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1.Introduction
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AI Leadershipfor Boards - The Futureof Corporate Governance
Fernanda Torre
Robin Teigland
Liselotte Engstam
AI Leadership for Boards - The Future of Corporate Governance
Fernanda Torre
Robin Teigland
Liselotte Engstam
June 2020
AI Leadership for Boards - The Future of Corporate Governance E-book ISBN: 978-91-519-4157-8
First version published in Larsson, A. & Teigland, R. (2020), The Digital Transformation of Labor: Automation,the Gig Economy, and Welfare, Routledge.
Author contact:
Fernanda Torre
Innovation & Experience Design Expert and Visiting Teacher
House of Innovation
Stockholm School of Economics
Robin Teigland
Professor of Strategy and Management of Digitalization Entrepreneurship and Strategy Technology Management and Economics
Chalmers University of Technology
Liselotte Engstam
Professional Board Member, Advisor & Research Scientist
Digoshen
“I recommend this book for every board chair. Corporate boards have to make sure their companies embrace AI and other digital technologies, yet many directors do not have the background or tools to address this challenge. This book provides a practical framework for boards to do just that.”
Professor Stanislav Shekshnia, Co-director ‘Leading from the chair’ INSEAD Executive Development Program, Co-authorLeading a Board: Chairs’ Practices across Europe(Palgrave MacMillan 2019)
“AI is considered very technical for many board members. This book helps board members (and auditors) understand what are the most crucial aspects and potential advantages they need to be aware of without losing themselves in technical jargon.”
Torben Ballegaard, Chair and Non-Executive Director at multiple companies across Europe, Author Value Adding Boards – Its Focus and Work(Sorensen 2013)
“You don't have to be able to build cars to drive cars, but you need to understand their capabilities and what it takes to become a good driver. A board can't merely be informed that the firm is building AI competencies and watch from a distance. This book is essential for boards to understand and inform the scale and scope of AI in the firm. The operational and governance examples will motivate the board to start this complex yet essential work, and the framework will keep the board on track.”
Kathryn Myronuk, Founding Staff Member & Research Director, Faculty, Speaker & Coach at Singularity University, Member of Engagement Committee of Future Earth
“This book is a well-researched, thought-through and excellent guide for Directors, Chairmen, whole Boards, and Governance experts. It is very practical and pragmatic and demystifies a topic that many Directors find daunting at best and incomprehensible at worst.
I recommend you read this book and share it with your Senior Leadership Teams to ensure real alignment on this key topic and innovation. Many jobs of today will be capable of being overtaken by AI. Wholesale reskilling of the workforce will be a key imperative that Boards must address as it cuts to Sustainability not only of the organisation but society as a whole.
AI can and will be a true force for good if its potential and complexities are embraced by Boards of Directors who will set the tone from the top.”
Helen Pitcher OBE, President of INSEAD Directors Network (IDN); Chairman of Criminal Cases Review Commission, Chairman Advanced Boardroom Excellence, Senior Independent Director One Health Group Ltd, Non-Executive Director and Remuneration Chair of United Biscuits and C&C Group plc, President of KidsOut and Advisory Board Member of the Public Chairs Forum and Ministry of Justice Support Services.)
“Boards are desperately looking to add board members with digital competencies, no matter what sector the company is in. However, this is in vain if the full board does not understand the huge importance they have to guide as a team on AI governance. This book is a must-read for any modern board member with the ambition to support their companies in this fast changing world.”
Monica Lagercrantz, CEO & Partner Lagercrantz Associates and CEO & Founder Boardclic, 20+ years of board evaluations and international executive search experience with focus on Chief Executives, Chairmen, and Non-Executive Directors
“Digital transformation is on every board’s agenda. This book adds a new perspective to the discussion, by providing corporate governance inspiration from thought leaders and an easy to apply framework for the role of the board in guiding and supervising AI.”
Fennemiek Gommer, Chair and Non-Executive Director at multiple companies across Europe, Innovation Partner Caracta
“Board and corporate governance discussions must explore and exploit the megatrends that are changing our society. Digitalization, big data, and artificial intelligence are in the core of the transformation of our society. I highly applaud the efforts made by the authors of this book to help boards adapt to this reality.”
Dr Martin Huse, Professor BI Norwegian Business School, Author Value-Creating Boards(Cambridge Elements 2018)
“This book offers not only a glimpse into the compelling world of AI but also genuine and insightful guidelines on how to manage, supervise, and govern AI innovations, systems, and processes. Many board directors of today are far from being digital natives which is why the book could and should be a real eye-opener for them. A must-read for those who insist on staying ahead!”
Jakob Stengel, Global Head of Board Practice, InterSearch and Chairman, Board Network – The Danish Professional Directors Association
“This book is an insightful contribution to the discussion of digital technologies in corporate boards. There is a lot of confusion around what boards need to know when it comes to AI governance. Technology-focused writers sometimes disregard non-executive directors as a crucial audience dealing with business competitiveness and prospects. This publication offers clarity and a number of frameworks for governance professionals.”
Dr Anastassia Lauterbach, Non-Executive Board Director at several companies, Technology Entrepreneur and Co-author The Artificial Intelligence Imperative: A Practical Roadmap for Business(Praeger 2018)
“Boards are being asked to step up and address the challenges digitization, including AI, pose for their enterprises. This book offers an easy-to-follow framework that generates discussion on a board level around digitization and the board’s responsibilities to govern AI at both the firm and ecosystem levels. A great tool to drive change where it’s most needed: at the board level!”
Stephanie L. Woerner, Research Scientist, MIT Center for Information Systems Research. Co-author What’s Your Digital Business Model? (Harvard Business Review Press 2018)
Table of Contents
Acknowledgements
Executive Summary
Chapter 1.Introduction
Chapter 2.Background
Chapter 3.Guiding AI operational capability
Chapter 3.1.Guiding the gathering, harvesting and analysis of big data in a data strategy
Chapter 3.2.Guiding AI-driven innovation strategy
Chapter 3.3.Guiding the participation and growth on a business ecosystem
Chapter 4.Supervising AI governance caz
Chapter 4.1.Supervising data management, ethics and black box decision-making
Chapter 4.2.Supervising AI cybersecurity
Chapter 4.3.Supervising business ecosystem participation and leadership
Chapter 5.Boards 4 AI leadership matrix – a tool for developing board competence
Chapter 6.Beyond competence to the future of board work
Chapter 7.Conclusion
References
The Authors
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Acknowledgements
