Artificial intelligence (AI) presents both extraordinary opportunities and complexities for today’s companies. The OECD defines an AI system as “a machine-based system that, for explicit or implicit objectives, infers, from the input it receives, how to generate outputs such as predictions, content, recommendations, or decisions that can influence physical or virtual environments”.
The International Corporate Governance Network (ICGN), led by investors responsible for assets of USD$77 trillion, has today published ‘ICGN Governance Recommendations for the United States’ and an ‘Investor Viewpoint on Artificial Intelligence’, ahead of the ICGN Washington, D.C. Conference (hosted by IFC) on 7-8 March 2024.
The International Corporate Governance Network (ICGN) is pleased to publish its Governance Recommendations for the United States (U.S.) at the ICGN Conference, hosted by the International Finance Corporation, in Washington, D.C., from 7-8 March 2024.
The International Corporate Governance Network (ICGN) is concerned by recent announcements in the UK which may be detrimental to corporate governance standards and shareholder protections, thereby undermining the UK’s economic growth and attractiveness as a global financial centre, and with potentially significant implications for pensioners, insurance and retail investors’ savings.
The International Corporate Governance Network (ICGN) appreciates the opportunity to comment on the Proposed Addition of Appendix C to Part 364 of the FDIC’s Rules and Regulations, which are intended to set the FDIC’s expectations for covered institutions regarding corporate governance, risk management, and oversight by the board of directors.
