Artificial Intelligence
The use of Artificial Intelligence is revolutionizing the way businesses operate. AI technology is projected to contribute 15.7 trillion USD to the global economy by 2030 - yet even the biggest boards are unprepared for the scale of the change to come.
The rapid development of AI technology has already created debate over industry regulation, tech monopolies, copyright law, lawyer-client privilege, and the ethics of content generation.
As new legislation like the EU AI Act comes into force, organisations are facing ever more rigorous compliance frameworks that cover data protection, cybersecurity, and their use of AI. The consequences for getting things wrong are also becoming more severe. Non-executive directors across boards of all levels need to develop the critical skills to manage their response to these developments.
AI is reshaping the business landscape; boards must keep pace with this change.
“Shareholders will demand that businesses adopt AI when it is sensible to do so... you can’t just opt out of AI.”
According to research by Radical Compliance, out of 429 proxy statements filed by S&P 500 companies in 2024, only 178 mention AI. Of those 178, very few discussed oversight of AI in depth.
It is more important than ever that non-executive directors understand the key issues around AI, what their responsibilities are, and how NEDs should help shape company AI policy - yet too many boards lack a comprehensive approach to the risks and opportunities of AI. At L-EV8, we're seeking to change this.
AI training forms a core component of our Foundation Course, ensuring that the next generation of non-executive directors have the skills they need to respond to a rapidly changing landscape. We also offer bespoke, in-depth training for companies and boards to address any requirements or skills deficiencies they many have.
We are uniquely placed to train prospective non-executive directors on how to handle the developments and challenges of AI. Our director Jonathan Armstrong serves both on the New York State Bar Association’s AI Task Force and on the Law Society AI Group.
He was part of the former’s groundbreaking report looking at the impact of AI on society and the law, which included a number of guidelines for the legal profession. He has also spoken widely on current and future AI regulation in the UK, EU and United States, and his expertise and advice is widely sought across media and business organisations.
Delegates on L-EV8 programmes benefit enormously from the wealth of knowledge on AI that he, and the rest of our team, provide.