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Artificial Intelligence

Board Responsibility for AI Risk Oversight

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On August 17, 2023, we published an article on Board Responsibility for AI Risk Oversight with Directors & Boards, covering:

  • The promises and risks of AI adoption
  • The rapidly evolving regulatory landscape
  • Application of the Caremark standard to AI risks
  • Overlap of AI and ESG risks
  • Board responsibility for AI oversight
  • Awareness of critical AI uses and risks
  • Understanding resource allocation
  • Senior management responsibility
  • Compliance structures
  • Board briefings on material AI incidents
  • Board minutes and materials
  • Board training and expertise on AI issues

You can read the full article here.

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The cover art used in this blog post was generated by DALL-E.

 

Author

Charu A. Chandrasekhar is a litigation partner based in the New York office and a member of the firm’s White Collar & Regulatory Defense and Data Strategy & Security Groups. Her practice focuses on securities enforcement and government investigations defense and cybersecurity regulatory counseling and defense.

Author

Avi Gesser is Co-Chair of the Debevoise Data Strategy & Security Group. His practice focuses on advising major companies on a wide range of cybersecurity, privacy and artificial intelligence matters. He can be reached at agesser@debevoise.com.

Author

William Regner is Deputy Chair of the firm’s Corporate Department and a member of the firm’s Mergers & Acquisitions, Technology, Media & Telecommunications, Financial Institutions and Corporate Governance Groups. He focuses on public company transactions and corporate governance matters and advises boards, special committees and senior management on governance issues, including activist challenges and risk management. He has experience across many industries but is particularly active in the TMT and asset management sectors. He also regularly represents investment banking firms in their roles as financial advisors in major transactions.

Author

Mengyi Xu is an associate in Debevoise's Litigation Department and a Certified Information Privacy Professional (CIPP/US). As a member of the firm’s interdisciplinary Data Strategy & Security practice, she helps clients navigate complex data-driven challenges, including issues related to cybersecurity, data privacy, and data and AI governance. Mengyi’s cybersecurity and data privacy practice focuses on incident preparation and response, regulatory compliance, and risk management. She can be reached at mxu@debevoise.com.

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