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New webinar on how to use AI in the boardroom

AI is having a transformative role in governance, with early adopters already realising its benefits. If you’re yet to start the AI conversation, read on to learn more.

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The role of AI in the boardroom

Through the democratisation of technology, AI is having a powerful impact on the governance sector as it levels the playing field by offering non-profits and smaller organisations access to tools that were previously out of reach.

While much of the focus around AI is on its ability to eliminate or diminish low-value yet highly time-consuming work, there’s a further capability for it to assist with the more critical and cognitive tasks associated with governance. Some of the real-world applications of AI in governance are demonstrated in the recent webinar ‘How to work practically with AI in the boardroom’.

Great presentation that gave a lot to think about. I will be adding AI to the agenda of our next risk committee meeting.

— Executive Management Support, nonprofit organisation, New Zealand

AI is not just about automating tasks; it’s about enhancing decision-making and strategic planning, says Julian Moore, Director, Strategic Membership Solutions.

Moore is often asked if AI will take everyone’s jobs. “AI is not taking your job, but someone who is using AI will. Don’t be afraid of it — learn how to use it and embrace it.”

The webinar explores the need for AI to become an integral part of governance practices, particularly where it can assist with decision-making strategies.

Taking steps to proactively integrate AI with all board work is essential, says Steven Bowman, Managing Director, Conscious Governance. He suggests adding a task to investigate AI and its impact on efficiency to each action in your strategic plan as one way to ensure this becomes part of your board’s overall strategy.

Board responsibilities and the adoption of AI

It’s also up to boards to take a proactive stance in understanding the ethical implications of AI, says Moore, while also integrating responsible AI use into their governance frameworks. This includes addressing concerns around the use of AI tools to ensure an organisation’s use aligns with values and legal requirements.

In this webinar, Moore demonstrates the use of AI tools that can be used to create a board presentation, build a website, manage outbound calls, make a video from text, and manage your email more efficiently.

Thought-provoking… it provides me with opportunities to explore and bring ideas back to my organisation.

— Executive Management Support, nonprofit organisation, Canada

“Boards need to understand the implications at the top level of issues such as accuracy, privacy, hallucinations, and bias,” adds Bowman. “Six months ago these were all buzzwords that people had just started to think about, but now AI has developed exponentially and these issues are being addressed.”

The introduction of enterprise AI, where an AI tool is built specifically for an organisation, helps to manage some of these risks as data remains in-house and is able to comply with sector standards and other organisation-wide policies.

Ultimately, the board needs to identify that AI is one of those ‘big things’ that will change the way the board operates, much like the impact of cybersecurity, says Bowman.

“It’s the board’s role to make sure the organisation is not left behind, that we actually start to do some research, and put some resources into identifying how we can get our staff to best use AI in a way that is ethically appropriate for our sector,” he recommends.

“We’ve got to get on top of AI and understand what it could mean for us.”

Where’s the best place to start with AI?

Moore says some boards are already looking at what AI might mean within their organisation and setting guidelines on its use. They’re setting up task forces to look at the AI policy, procedures, ethical implications, and, most importantly, the integration of AI into existing services. Involving senior executives in this process is also smart, as it sets a clear message to the organisation on the path forward.

A board-level AI policy is the first step, says Bowman, as it provides a framework for the responsible use of AI. With agreement across the board on how to approach AI, compliance and the rules of engagement become clear. The process of developing a framework also gets the board thinking about AI, its strategic use, and any emerging risks.

I will share this webinar with the board chair, for the board to commence discussions on how AI can better support the organisation and the board.

—Executive Management Support, nonprofit organisation, Australia

A practical walk-through of AI tools for the boardroom

AI provides an exciting opportunity for boards to harness its potential to enhance productivity and efficiency further and benefit the organisation as a whole. In this webinar, watch governance experts Julian Moore and Steven Bowman as they give examples of several AI tools and come away with some practical uses of AI in your boardroom.

 

Learn more by watching the webinar ‘How to work practically with AI in the boardroom’ and discover several AI tools to make your board even more effective.

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