Abstract
This paper discusses the introduction of artificial intelligence (AI) to the boardroom and the importance of law and regulation in doing so. We argue that AI should be utilised in the boardroom to address the current shortcomings in the corporate governance – corporate short-termism. AI can assist boards as they consider societal interests as it can process data in a manner and at a speed that is beyond the capability of manual systems. With well-designed algorithmic steps, AI can provide guidance that is independent of subjective judgements biased by shareholder short-termism and board opportunism. Company law should be revised to support AI-assisted corporate development by mitigating the legal risks of boards and by encouraging directors to use AI to achieve the ESG goals of the company.
| Original language | English |
|---|---|
| Journal | International and Comparative Corporate Law Journal |
| Volume | 16 |
| DOIs | |
| Publication status | Accepted/In press - 1 Jun 2022 |
| Event | Advances in Data Science and AI Conference 2022 - University of Manchester , Manchester, United Kingdom Duration: 20 Jun 2022 → 21 Jun 2022 https://www.idsai.manchester.ac.uk/connect/events/conference/conference2022/ |
Keywords
- AI
- Data analytics
- Corporate Governance
- Shareholder activism
- Directors’ duties
- ESG
- Corptech
Research Beacons, Institutes and Platforms
- Institute for Data Science and AI
