Skip to content
Members Only Article

AI and Governance Gaps, from the Boardroom on Down

November 14, 2025 | 5 minutes reading time | By David Weldon

Regulators and thought leaders have been insisting for years that corporate directors raise their IT familiarity and comfort levels. Surveys indicate progress, but also concerns about the difficulty of keeping pace with change and innovation.

Artificial intelligence’s evolving impacts and implications create conundrums not only for economists, policymakers and business strategists, but also for the occupants of corporate boardrooms.

Taking seriously their oversight responsibilities, and following advice to become conversant with AI and other advanced technologies, many directors have worked to better understand and challenge their organizations’ approaches and strategies. But across the businesvs landscape, this increasingly critical aspect of governance is uneven.

In the National Society of Compliance Professionals (NSCP) and ACA Group 2024 AI Benchmarking Survey, 32% of responding firms had established an AI committee or governance group; 12% of those using AI said they had an AI risk management framework; and 18% established a formal testing program for AI tools.

More recently, Deloitte experts observed a need for board members “to up their AI IQ.” A survey showed two-thirds of board members and executives had limited-to-no knowledge of or experience with AI. Although 31% deemed their organizations not ready to deploy AI, that was improved from 41% in October 2024....

to access this content.

Become a GARP Member to Unlock Exclusive Risk Insights and More!

  • Access timely articles, thought leadership, and an archive of on-demand webcasts, event recordings, and Chapter meeting presentations in our Member Multimedia Library.
  • Get regulatory capital data for global and regional banks in North America, Europe, Asia, and Africa through our Pillar 3+ data analytics platform from the GARP Benchmarking Initiative (GBI®).
  • Gain priority registration to attend any worldwide Chapter meeting for free, as well as preferential rates for GARP events and access to local members-only dinners and professional networking opportunities.
  • Receive comprehensive access via our digital GARP Learning platform to the latest curriculum readings, videos, end of chapter practice questions, and more for the program(s) of which you passed the exam(s).

Topics: Enterprise, Data, Tools & Techniques

Share

Trending