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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.
2024-12-16T19:23:00Z By Adrianne Appel
The majority of businesses are using AI and doing so without governance–a compliance gap that poses extreme risks, a new survey by Compliance Week and GAN Integrity found. A webinar will discuss why it is crucial to have AI governance, how to implement it, and what strategies to strengthen programs. ...
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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.
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Regulations are sure to be rolled back under President Donald Trump, but the question is which regulations, and how much? Is your organization as prepared to respond when regulations are loosened as it was when they were tightened?
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.
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