Corporate Governance Institute is sounding the alarm: boards are missing the AI boat. A new study from Deloitte reveals that 45% of boards don’t even mention AI in their meetings. Focus on efficiency is lacking among senior leaders, and it’s costing them.
The data breakdown is stark. Of nearly 500 surveyed board members and C-suite executives, only 14% discuss AI at every gathering. Just 25% bring it up twice a year, and a meager 16% once annually.
Ciaran Bollard, CEO of the Corporate Governance Institute, warns that ignoring AI might harm governance efforts. 
“There are two undeniable truths about AI in business: the first is that it will redefine how we work, and the second is that it’s here to stay,”
Bollard commented. He insists directors need to recognize AI not as an afterthought but as a game-changer for tackling modern governance.
Pricing pressure and geopolitical issues dominate agendas, sidelining AI. Bollard believes many directors fail to see AI as a vital tool that could streamline decision-making processes. AI can analyze operational data faster than traditional metrics, presenting clearer insights into personnel performance.
Bollard stated:
“One of directors’ most urgent challenges is the sheer volume of data that they need to consume before making a decision.”
He emphasizes that AI can simplify complex issues and provide clarity ahead of meetings.
The Deloitte survey also highlighted a dissatisfaction among board members regarding AI discussions. Nearly half (46%) voicing concern about their current engagement levels.
Bollard urges boards to integrate AI governance into their activities, moving beyond just rule-making.
“Companies that do this right, automating what can be automated while continuing to accept overall responsibility, may find the long-awaited answer to boardroom compliance headaches and endless streams of data,”
he said.
As the landscape evolves, it’s clear: AI isn’t just an option; it’s imperative.
