FEATURE: BOARDROOM TECHNOLOGY
A LACK OF AI EXPERTISE ON BOARDS COULD BE HOLDING COMPANIES BACK.
From evolving obligations under the Corporations Act to the fast-approaching climate-related financial disclosures to tightening anti-bribery reforms, Australian directors now face some of the world’ s most stringent personal liability for risk oversight and duty of care.
To add to this, there is already legal precedent for personal liability in risk oversight. In ASIC v RI Advice Group, a director was held personally liable for failing to prevent a foreseeable cybersecurity risk, underscoring the importance of proactive risk management.
Therefore, directors today must navigate shifting regulations, growing stakeholder expectations and an unprecedented volume of data. In this highly pressurised and time-sensitive environment, AI is emerging as both a powerful tool and a source of uncertainty.
Geopolitical uncertainty, cybersecurity threats and environmental and social scrutiny are converging to create a risk environment where boards must not only respond to crises but anticipate them too. The
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