AI's Boardroom Revolution: A Maturity Model for Governance

AI with Arun Show

The "AI with Arun Show" podcast features Professor Pitabas Mohanty, a finance expert, discussing the AI governance gap prevalent in most corporate boards. He highlights two critical blind spots: boards often perceive AI as merely an IT problem rather than a strategic integration, and a general lack of understanding about AI's capabilities and limitations. To address this, Professor Mahanti introduces an AI maturity model for boards, comprising five dimensions—strategy, people/expertise, processes, ethics, and culture—and four progressive stages: none, reactive, proactive, and transformative. He emphasizes that people and expertise at the board level, alongside a well-defined strategy, are crucial for successful AI integration, noting that current adoption by boards is very low, with most companies still in the "none" or "reactive" stages. Ultimately, the discussion stresses the importance of training for all employees, including board members, to foster a deeper understanding and proactive adoption of AI as a collaborative tool rather than a mere tick-box exercise.

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