ABSTRACT
The acceleration of artificial intelligence (AI) development has prompted a good deal of speculation about future possibilities for AI in Relation to corporate governance and notable whether AI system will ever serve as corporate directors. This dissertation investigates whether AI,as a decision making machine with advanced predictive analytics and remarkable operational efficiencies could sensibly participate in decisions made in a boardroom. In so doing the research contemplates the legal, ethical and practical dimensions associated with the inclusion of AI , including responsibilities, accountability, fiduciary duties and corporate misconduct or negligence. In order to evaluate the ability of AI in a directorship capacity, this research evaluates the law and governance surrounding corporation in a critical manner to assess whether they can accommodated. Comparative consideration should also be taken in regard to different jurisdictions that are experimenting with AI and important perspective from the global level can be implemented. In conclusion,this research identifies both the potential opportunities and the inherent challenges proposing AI as an actual corporate director, while cautiously concluding that while it can potentially bring significant transparency and efficiencies to recognised corporate governance ,it still present a dilemma given the lack of accountability and legal identity presently contemplated for AI to assume role as a director. This research will offer recommendations as to regulatory changes ,hybrid governance structure and accountability as a strategy moving forward , so that corporation can still benefit from innovation, while advancing corporate accountability and responsibility.
INTRODUCTION:
The swift advancement of Artificial Intelligence (AI) is reshaping business decision-making, spanning predictive analytics to automated compliance. In relation or within corporate governance, there will be discussions on whether AI can go from being a tool to being a decision-maker at the board level. Can an AI system fulfill the role of a corporate director, responsible for fiduciary duties and oversight of strategy that has historically been allocated to humans? If the answer is yes, where does responsibility lie when decisions made by AI lead to corporate success or failure? AI is front of mind in discussions around operational contexts, but the exploration of AI in governance and liability frameworks is limited. There will be discussions on whether AI can be used as a corporate direct and then liability will stem from that. And whether reforms in law and/or governance frameworks are needed to accommodate AI taking on decision-making authority.