The Algorithmic Boardroom: AI-Driven Governance and Strategic Decision Making

Artificial Intelligence (AI) has seen a boost in a couple of years. Scholars and practitioners are proposing its use in various organizational functions i.e., recruitment, hiring, financial risk analysis, performance evaluation and reporting. However, guidelines for bringing it to corporate boards are scant. This article proposes how AI can effectively be used by corporate board members to get optimal results from the technology and frame reliable decision-making practices at company board level. Specifically, a 4-pillar framework for algorithmic governance has been proposed along with a four-stage operational process to effectively implement AI assisted board governance.