By 2030, AI is expected to contribute $15.7 trillion to the global economy. However, corporate boards are increasingly struggling to respond to this systemic change. As AI increasingly influences business strategies and operations, board members and executives must ensure that their organization is using AI responsibly and effectively to maximize value and mitigate risks. Building on research conducted on some of the leading Nordic multinational companies, this book presents the Boards 4AI Leadership Matrix, a practical framework designed to guide and oversee AI capabilities at the board level. A special focus is placed on AI's complexities, ethical best practices, and sustainable growth. By equipping leaders with the necessary tools and knowledge, this book gives board directors the tools to make informed decisions that align with corporate governance standards and societal expectations.

Offers a practical, yet research-grounded, collection of actionable insights and governance practices Presents strategic tools designed to facilitate discussions, about AI maturity and future direction, at the board level Includes a set of board-level questions that enable directors to reflect on and assess AI risks and opportunities

Autorentext

Fernanda Torre is a leading expert in sustainability-driven innovation and CEO and co-founder of Next Agents, a consultancy with a mission to generate value for people and the planet, now and into the future. Fernanda also serves as the Operations Director at Boards Impact Forum, the Nordic chapter of the Climate Governance Initiative in collaboration with the World Economic Forum, where she engages board directors to accelerate climate actions and foster sustainable business practices. Her role involves leading training programs on Board Oversight of Sustainability and Responsible AI for Value Creation. Fernanda is also affiliated with the House of Innovation at the Stockholm School of Economics, and is a faculty member at the Stockholm School of Entrepreneurship (SSES). Previously, she taught Innovation and Entrepreneurship in the Executive MBA program at the Stockholm School of Economics and worked at the Stockholm Resilience Center where she co-created the leadership program BALTICLEAD and the Biosphere Code, a set of principles to help guide the current and future development of algorithms in AI and other exponential technologies, in a way that is responsible for both people and planet. Liselotte Engstam is a professional board director, researcher, author, coach and multimedia artist. Liselotte has served on the boards of listed companies, private companies, and non-profit organizations or foundations. As the founder of Digoshen, a think tank that hosts board networks, advises boards, and conducts academic research, Liselotte co-authored the book Leading a Board: Chairs' practices across Europe with INSEAD Professor Stanislav Shekshnia. She develops and delivers international board training programs focusing on AI, sustainability and effective board and chair practices. For four years, Liselotte served as an expert advisor to the European Commission on Digital Corporate Governance. In both 2021 and 2022, she was recognized among the Top 100 global influencers in Modern Corporate Governance. She is a certified international board director (IDP-C) from INSEAD, a fellow at the Institute of Coaching at Harvard Medical School, a Fellow of the Salzburg Corporate Governance Forum, and a member of the European Corporate Governance Institute. Robin Teigland is Professor of Strategy and Digitalization in the Department of Technology Management and Economics at Chalmers University of Technology (Gothenburg, Sweden), as well as a Fellow of the Royal Swedish Academy of Engineering Sciences and member of the Productivity Commission for Sweden’s Finance Ministry. Robin explores how emerging technologies challenge our assumptions around value creation and has co-authored more than 100 publications in this area. Robin is also an entrepreneur leveraging her knowledge from 35 years of research and industry experience in several circular economy startups in Portugal and Sweden. She holds a PhD in Business Administration from the Stockholm School of Economics. Contributor Stanislav Shekshnia is Senior Affiliate Professor of Entrepreneurship and Family Enterprise at INSEAD and Co-director of Leading from the Chair, and the Executive Board and Advanced Board Development Programs at the Scandinavian Executive Institute. Dr. Shekshnia has published 11 books, including Leading a Board (2nd edition, 2021), CEO School (2018), and Athletic CEOs (2018). He is Senior Partner at WH advisors (Dubai), and he provides advice and personal coaching to business owners, senior executives, and executive teams. Since 2001 Stanislav has been an independent chair and director in companies in USA, France, Russia, Ukraine, Holland, and Serbia. During 1991-2002, Stanislav held positions such as CEO of Alfa-Telecom, President and CEO of Millicom International Cellular, Russia and CIS and Chief Operating Officer of VimpelCom, and Director of Human Resources, Central and Eastern Europe of Otis Elevator.

Inhalt

Chapter 1: The Imperative of AI Leadership for Boards.- Chapter 2: The Boards 4AI Strategic Leadership Framework.- Chapter 3: AI Strategy Leadership Talent & Workforce and Transformation.- Chapter 4: Board Accountability Role, Competence, & Structure.- Chapter 5: Oversight of AI's Dual Impact on Sustainability.- Chapter 6: Board Guidance of AI Operational Capabilities.- Chapter 7: Board Supervision of AI Governance Capabilities.- Chapter 8: Boards 4AI Matrix A Tool for Developing Board AI Capabilities.- Chapter 9: The Future of Board Work and Call to Action.