Enhancing corporate governance: A conceptual approach to artificial intelligence usage

Abstract

In this exploratory study, we examine the intersection of corporate governance (CG) and artificial intelligence (AI), addressing the essential question: how can AI be utilized to improve ethical and transparent decision-making in the corporate endeavour? Using current research on organizational governance, AI ethics, and data science, our study examines the potential of AI to augment conventional governance mechanisms, as well as the ethical dilemmas and challenges it may present. We propose a conceptual framework based on the principles of separation of ownership and control while considering data ethics, which will be supported and validated in the future by an empirical study.