Advertisement feature
How AI can future-proof board governance
For many years, corporate boards have relied on physical documents, voting in person and manual updates to board books and meeting minutes. In today's world, however, boards face increasing demands and requirements. As a result, board governance is moving at a faster pace – and everyone involved must adapt to keep up.
How can directors, members and corporate governance professionals use artificial intelligence (AI) to improve board governance processes and increase efficiency?
AI may seem like a new technology but it has actually been in use for decades. A handful of mainstream uses of AI includes Microsoft Windows’ speech recognition tool, Apple’s Siri and IBM’s Watson.
With the honing of generative AI in the last few years, there is an opportunity to harness the efficiency of AI in language. It is not a replacement for humans but it is excellent at completing tedious tasks in a fraction of the time.
Boards that take the initiative now to learn how AI works, what risks it presents and how it can benefit their organization will be ahead of the curve.
Govenda’s AI Board Intelligence Innovation (Gabii) drafts meeting minutes, summarizes long documents to help prioritize sections that require a deeper dive and reads committee and board charters and bylaws, then flags any committees that aren’t compliant with the number of meetings and required members.
Gabii adheres to Govenda’s enterprise-grade security measures and uses responsible AI-based technologies that respect user privacy and secure user data within the Govenda platform.
Gabii is a powerful AI assistant with endless potential beyond your average board portal software. As she grows, new possibilities for use-cases will emerge, making her an invaluable asset for boards everywhere.