Business Ethics in Artificial Intelligence Driven Corporate Governance: Its Effectiveness, Challenges and Way Forward


Authors : D. Mukhopadhyay ; Rajkumar

Volume/Issue : Volume 8 - 2023, Issue 11 - November

Google Scholar : https://tinyurl.com/48x4c33b

Scribd : https://tinyurl.com/4n8fvfjr

DOI : https://doi.org/10.5281/zenodo.10279386

Abstract : The article encapsulates a comprehensive exploration of the intersection between ethical considerations and corporate governance in the era ruled by Artificial Intelligence (AI). This paper delves into effectiveness of current frameworks and the challenges posed by AI and proposes strategic pathways for future corporate governance. It critically assesses the role of ethics as the cornerstone of sustainable business practices, emphasizing its heightened significance in the context of AI-driven corporate decision-making. It navigates through the intricacies of transparent and accountable AI governance, addressing the potential risks and ethical dilemmas posed by advanced algorithms and automation. Furthermore, the literature outlines the diverse range of research contributions to demonstrate the unique perspectives to the discourse, spanning legal, educational, and environmental dimensions of business ethics in the AI landscape. The study aims to provide actionable insights for businesses and policymakers, offering a forward- looking perspective on the integration of ethics into corporate governance frameworks. It serves as a guide for companies seeking to navigate the ethical challenges posed by AI while laying the foundation of responsible and sustainable business practices in the digital age. "Ethics is the backbone of sustainable business. In the age of Artificial Intelligence, responsible corporate governance is not just a choice; it's a necessity."

Keywords : Artificial Intelligence (AI) Ethics, Corporate Governance Frameworks, Ethical Decision-Making:, Transparency and Accountability, Algorithmic Governance, Sustainable Business Practices:, Risk Management in AI Governance.

The article encapsulates a comprehensive exploration of the intersection between ethical considerations and corporate governance in the era ruled by Artificial Intelligence (AI). This paper delves into effectiveness of current frameworks and the challenges posed by AI and proposes strategic pathways for future corporate governance. It critically assesses the role of ethics as the cornerstone of sustainable business practices, emphasizing its heightened significance in the context of AI-driven corporate decision-making. It navigates through the intricacies of transparent and accountable AI governance, addressing the potential risks and ethical dilemmas posed by advanced algorithms and automation. Furthermore, the literature outlines the diverse range of research contributions to demonstrate the unique perspectives to the discourse, spanning legal, educational, and environmental dimensions of business ethics in the AI landscape. The study aims to provide actionable insights for businesses and policymakers, offering a forward- looking perspective on the integration of ethics into corporate governance frameworks. It serves as a guide for companies seeking to navigate the ethical challenges posed by AI while laying the foundation of responsible and sustainable business practices in the digital age. "Ethics is the backbone of sustainable business. In the age of Artificial Intelligence, responsible corporate governance is not just a choice; it's a necessity."

Keywords : Artificial Intelligence (AI) Ethics, Corporate Governance Frameworks, Ethical Decision-Making:, Transparency and Accountability, Algorithmic Governance, Sustainable Business Practices:, Risk Management in AI Governance.

CALL FOR PAPERS


Paper Submission Last Date
31 - May - 2024

Paper Review Notification
In 1-2 Days

Paper Publishing
In 2-3 Days

Video Explanation for Published paper

Never miss an update from Papermashup

Get notified about the latest tutorials and downloads.

Subscribe by Email

Get alerts directly into your inbox after each post and stay updated.
Subscribe
OR

Subscribe by RSS

Add our RSS to your feedreader to get regular updates from us.
Subscribe