The Impact of Artificial Intelligence on Corporate Law and Corporate Governance
Citation:
Ahern, Deirdre, The Impact of Artificial Intelligence on Corporate Law and Corporate Governance, In Morgan, Philip and Lim, Ernest (Eds.) The Cambridge Handbook of Private Law and Artificial Intelligence, Cambridge University Press, 2022Download Item:
Abstract:
While affirming the robustness of core corporate law principles, this chapter explores how AI has, and
could, impact the content, application and processes of corporate law and corporate governance, and
the interactions of corporate law actors including boards, shareholders and regulators. As AI gains
agency, the legal and cultural challenges in recognising robo-directors are probed. A contextual
exploration of directors’ duties confronts the significant contemporary challenge concerning the need
for directors to engage with AI’s potential to transform companies’ business models, culture and
systems. When considering how and when to deploy AI applications, adoption and reliance upon AI
by companies is considered against the backdrop of likely judicial application of key best interests duty
and duty of care precepts to directors. The chapter also engages with corporate governance potential
and controversies surrounding use of AI and robo-directors including stakeholder interests, board
effectiveness, groupthink and internal biases.
Author's Homepage:
http://people.tcd.ie/dahern
Author: Ahern, Deirdre
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The Cambridge Handbook of Private Law and Artificial IntelligencePublisher:
Cambridge University PressType of material:
Book ChapterCollections
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