This presentation covers:
- An overview of where AI is currently being used within organisations in Australia as well as forecast use areas
- What are the risks for organisations and what are they types of harms that can flow from AI
- The existing legal obligations that need to be met when deploying AI technology/systems
- The status of emerging international AI regulations and the Australian Government announcement in January 2024 to regulate high risk AI
- What do directors need to do to comply with their personal responsibilities under the Corporations Act and existing regulatory requirements
- The role of an AI Strategy Plan and what AI governance involves
- What questions should Directors be asking
- The role of AI governance and risk management framework
- Board reporting