Governance + compliance in AI
Organisations are increasingly interested in the adoption of solutions based on artificial intelligence or machine-learning.
Organisations are increasingly interested in the adoption of solutions based on artificial intelligence or machine-learning.
The Global Economy has a history of operating in a profit-loss bubble, unmoved by the environmental, social, and governance (ESG) consequences of its singular focus. That bubble has been slowly thinning for more than a decade, and recently, partially due to the COVID-19 Global Pandemic, it has arguably burst.
This report sets out our Lex Mundi member firms’ insights and predictions for 2021 in respect of mergers and acquisitions, including key concerns facing private company M&A practitioners, deal activity by market segment and sector, in their respective jurisdictions.
In today’s world, general counsel face an ever-increasing demand to manage exponentially more risks, involving greater complexity, in much shorter time frames and with more potential impact on business performance. It is a circle that cannot be squared.
This checklist is the result of ongoing consultations with General Counsel about how Artificial Intelligence (AI) is transforming both their business and the regulatory environment, creating unforeseen demands on corporate legal functions. Increasingly General Counsel are called upon to guide boards, c-suites, coworkers, and external stakeholders through AI-related ethical and legal risks arising from customer and supplier relations, internal operations, and regulatory action. In particular, AI requires an ethical and governance framework that is supported at board level and across the business.
According to the 2019 Lex Mundi Summit keynote speaker, Professor Olaf Groth, the emerging geopolitical order will not be determined as in the past with hard military assets and occupation of physical territory, but by AI capabilities used to manipulate real world outcomes through cyberspace. Already we are seeing a competition for preponderance of AI capabilities to magnify the influence of competing social-ideological systems. Much is at stake.