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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2024-01-30T18:31:00
Just 25 percent of corporate leaders felt their organizations were highly prepared to handle the governance and risk issues posed by generative artificial intelligence (AI), a Deloitte survey found.
The report, which polled 2,835 corporate executives and board members across the globe with direct involvement in their businesses’ AI initiatives, found 41 percent of leaders felt their organizations were only slightly or not at all prepared to address AI governance and risk concerns. In contrast, 40 percent of the executives said their organizations’ technology infrastructure was highly—or very highly—prepared to handle AI, according to the survey, conducted last year between Oct. 12 and Dec. 5.
The leaders ranked their legal, risk, and compliance departments as the least likely to have expertise in AI, compared to every other typical company department, including human resources and supply chain/manufacturing.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2024-09-24T13:10:00Z By Ian Sherr
As the artificial intelligence boom sweeps into the business world, employees are increasingly concerned about ethics questions and data privacy, a new Deloitte survey found, leading them to increasingly lose trust in their organizations.
2024-04-11T20:38:00Z By Aaron Nicodemus
There is no magic wand compliance professionals can wave to promote a strong risk culture within their organizations, experts discussed at Compliance Week’s 2024 National Conference.
2024-01-29T14:00:00Z By Mario Menz, CW guest columnist
Generative artificial intelligence providers often promote their technologies as revolutionary tools that can enhance anti-money laundering processes. But the issues and shortcomings associated with the technologies must also be acknowledged.
2024-11-11T03:51:00Z By Compliance Week
Compliance Week’s sixth annual “Inside the Mind” survey seeks to discover what makes CCOs and other risk and compliance practitioners tick. Take 10 minutes to share your experiences and be part of our special report.
2024-08-14T20:29:00Z By Aaron Nicodemus
Annual pay and bonus compensation for chief compliance officers at public companies jumped to $419,000 since 2023, while CCOs at private companies saw a slight decrease to nearly $300,000, according to a new compensation survey.
2024-08-06T16:54:00Z By Adrianne Appel
Nearly all but a tiny minority of financial institutions saw their costs of financial crime compliance rise in 2023, a survey by LexisNexis and Oxford Economics found.
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