Artificial intelligence in corporate governance

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Abstract

Artificial intelligence (AI) has transformed corporate governance, offering unparalleled opportunities for efficiency and decision-making and raising a host of complex legal questions. This article explores the use of AI in corporate governance, addressing the changing role of AI, ethical and legal issues, questions of liability and accountability, considerations of intellectual property, and data privacy issues (Dastani & Yazdanpanah, 2023). The research explores why this topic is of paramount importance, given the increasing adoption of AI in the corporate sector, and identifies the research gap in the form of the legal gray areas surrounding AI. The purpose of the study topic is to clarify how organizations can successfully negotiate the complex web of issues related to AI in corporate governance (Hilb, 2020; Khurshed, 2024; Locke & Bird, 2020). To do this, the article takes a thorough method that incorporates legal analysis with knowledge of business practices. The main takeaway from this work is that it will give readers an understanding of some of the main issues of AI in corporate governance and offer practical advice for businesses doing business in this area.

Keywords: Artificial Intelligence, Corporate Governance, Legal Implications, Intellectual Property, Data Privacy

Authors’ individual contribution: The Author is responsible for all the contributions to the paper according to CRediT (Contributor Roles Taxonomy) standards.

Declaration of conflicting interests: The Author declares that there is no conflict of interest.

JEL Classification: K220, K240, M150

Received: 29.03.2023
Accepted: 13.02.2025
Published online: 18.02.2025

How to cite this paper: Ustahaliloğlu, M. K. (2025). Artificial intelligence in corporate governance. Corporate Law & Governance Review, 7(1), 123–134. https://doi.org/10.22495/clgrv7i1p11