Signal AI oversight is shifting from the full board to the audit committee

Summary

Deloitte reports that some organisations are reassessing who should oversee AI deployment. Boards of directors have traditionally handled this area. There is, however, a growing trend to assign the responsibility to the audit committee, which is well placed to review and assess AI-related activity on a continuous basis. The shift sits within broader changes in governance, risk and compliance as AI introduces new requirements. In health care and financial services in particular, enterprises often need to explain how AI reaches its decisions, a process that is typically hard to decipher. The report adds that governing AI across borders will remain important and may call for data sovereignty measures so data is handled locally under appropriate rules.