Assistant Professor at Adamas University, India
Junior Researcher at UNEP, India
The revolution of Artificial Intelligence (AI) is widespread in today’s world. It ranges from the healthcare sector to corporations and even in individual daily lives. The article explores the adaptation and impact of artificial intelligence on the practice of corporate governance. It intends to assess the desirability, feasibility and liability of automated board-level decision-making to ensure effective corporate governance. The present era of technological revolution has opened wide doors for companies to access Big Data and AI technology for potent decision making in corporations. The corporations intend to avail the benefits of constructive mechanisms of corporate decision-making which AI provides. The paper intends to investigate the use of AI in corporate decision making with special emphasis on the decision making of the Board of Directors by analysing the technical facets of AI in corporations, the practical challenges it poses and finally, the legal consequences of AI decision making in the corporations. Furthermore, it sets to examine the immense contribution of AI in the decision outcomes and the crisis of the stakeholders as a result of the outcomes. Thus, the ultimate aim is to assess the legal outcome of AI decision making in corporate social responsibility to a considerable extent.
International Journal of Legal Science and Innovation, Volume 3, Issue 6, Page 312 - 324DOI: https://doij.org/10.10000/IJLSI.111214
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
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