"At a recent corporate governance meeting attended by several hundred board members serving on companies of all sizes and types and in every industry, the question was posed about how many of them currently use AI. About half the directors in the room put up their hands. But when asked if they were engaging with AI in any depth to assist with their governance responsibilities, only 10% of the hands were raised."
"There is a massive potential for AI to change the fundamental way an organization is run. Nearly 80% of companies in a recent McKinsey survey reported using AI in areas such as workflows, business processes, and data generation and analysis. Already, boards are devoting more time and attention to discussing the use of AI within their organizations, including more than 62% of directors who reported participating in full-board discussions about AI policies for their companies."
About half of board members surveyed reported some use of AI, but only 10% reported engaging with AI deeply to assist governance responsibilities. AI use across organizations is becoming widespread, with nearly 80% of companies reporting AI in workflows, business processes, and data generation and analysis. Boards are allocating more time to AI governance, with over 62% of directors participating in full-board discussions about AI policies. Experienced directors view AI as a contributor to problem-solving and decision-making that augments rather than replaces human judgment. Boards can use AI to gather and analyze information to better engage with management on strategy, operations, and risk while considering ethical use.
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