AI, ChatGPT and Corporate Governance.
Boardroom Governance Newsletter #36 | January 9, 2023.
“Corporate governance is the system of rules, practices, and processes by which a company is directed and controlled. Corporate governance is concerned with the ways in which the powers of the board of directors are exercised and with the mechanisms by which these powers are held accountable. The goal of corporate governance is to ensure the long-term success of the company, enhance shareholder value, and operate in an ethical and transparent manner. Corporate governance is important because it helps to ensure that a company is run in an accountable, responsible, and transparent manner, which can help to build trust with stakeholders such as shareholders, employees, customers, and regulators.” ChatGPT’s answer to query “what is corporate governance?” 1/6/2023.
ChatGPT (GPT stands for Generative Pre-trained Transformer) is a chatbot launched by OpenAI, a SF-based AI lab, on November 30, 2022. It has quickly cause…
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