AI at the Crossroads: Revamping Board Structures for Effective Governance

The rise of artificial intelligence (AI) presents a pivotal question for corporate boards: Who should oversee AI deployments? While the audit committee, with its expertise in financial reporting and internal controls, often takes on this responsibility, AI's multifaceted risks—bias, discrimination, privacy, security, and even process control and robotics in some cases—demand a broader perspective...

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Tom Petro, NACD.DC, is a director and chair of the risk management and trust committees at Univest Financial Corp. and a director of Fintegra. He is managing general partner of 1867 Capital Partners and a board member in residence of Mach49.