Technology & Management Review

Peer Reviewed Article

Vol. 5 (2020)

Corporate Governance in the Age of Artificial Intelligence: Balancing Innovation with Ethical Responsibility

Submitted
2024 October 29
Published
2020-03-30

Abstract

This paper examines how corporations may combine innovation and ethics at corporate governance and the artificial intelligence (AI) interface. The primary goals are to uncover ethical issues raised by AI integration in corporate governance, assess governance frameworks, and offer responsible AI usage methods. The research uses secondary data review to get insights from literature, case studies, and industry reports. Significant results show that conventional governance frameworks typically fail to handle AI-related issues, including accountability, transparency, and bias. The research emphasizes ethical AI concepts, including justice and inclusion, accountability frameworks, and transparent AI systems. Regulatory compliance and business AI ethical culture are also crucial. Policy implications include that governments and regulatory agencies should establish enforceable AI accountability and bias norms and promote industry-academia cooperation to improve ethical standards. The report indicates that AI governance must combine innovation and ethics to benefit society and retain public confidence in business activities.

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