Baltic Institute of Corporate Governance (BICG) has published the Guidelines for Integrating Artificial Intelligence (AI) into the Board Agenda to support boards in overseeing AI as a strategic topic.
The guidelines provide recommendations across key areas that require board attention, including:
- Strategic alignment and business impact: clarifying where AI can strengthen competitive advantage and where it may disrupt the business model;
- Investment evaluation: setting expectations for the business case, KPIs, resources and delivery approach;
- Risk, compliance and assurance: ensuring appropriate controls for data, cyber security, ethics, legal and reputational risks supported by internal and external audits where relevant;
- Implementation and monitoring: defining what management reports to the board, how outcomes are tracked, and how lessons learned are captured;
- Talent, strategic partnerships and education: strengthening capabilities and setting expectations for responsible use.
“AI is increasingly shaping how organisations compete, serve customers, run internal processes and manage risk. Therefore, many boards are asking the same questions — what is our AI ambition, where will value come from, what risks are we creating, who is accountable, how do we monitor progress and controls over time, etc. The new guidelines by the BICG are designed to help boards address these questions in a practical way, using clear board-level prompts and a simple structure that can be integrated into the board calendar as well as board committee work,” says Rytis Ambrazevičius, President of the BICG.
Outlining how to establish board oversight that is proportionate, practical and focused on outcomes, the new guidelines are now available online, HERE.
For the webinar introducing the guidelines, please visit HERE.
CONTACTS
Rytis Ambrazevičius
President
Mob. +370 698 17011
E-mail rytis[at]bicg.eu
