Original article by Glenda Korporaal
The Australian – Page: 18 : 12-Jun-24

The Australia Institute of Company Directors has released a new guidebook on artificial intelligence technology. Amongst other things, it advises company directors to examine the potential benefits and key risks associated with using AI within their organisation, while they should take action to ensure that the data that is being used by their company’s AI applications is ‘fit for purpose’. The AICD’s Mark Rigotti says directors may face significant commercial, reputational and regulatory damage if they lack sufficient oversight regarding the company’ use of AI.

CORPORATES
AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS