Artificial Intelligence and Data Science Governance: Roles and Responsibilities at the C-Level and the Board

Abstract

Corporate governance and the roles and responsibilities of the corporate officers and the board of directors have received an increasing interest since the Enron scandal of the early 2000s. This scandal resulted in enacting policies, laws and regulations such as the Sarbanes-Oxley and others. More recently, with almost every corporation focusing on the applications of Artificial Intelligence (AI) and Data Science (DS) for their businesses in numerous industries including finance and banking, healthcare and medicine, manufacturing and retail and defense and intelligence, it is critical that these corporations take a serious look at the roles and responsibilities of the corporate officers and the board with respect to the governance of the AI and DS operations. This paper discusses the issues and challenges for AI and DS governance with an emphasis on the potential roles and responsibilities of the corporate officers and the board of directors.