Track C: Key Trends in Governance
Session 4C: Governance and Ethics: AI and the Role of the Board
Artificial Intelligence, Machine Learning, Cognitive Analytics, Cognitive Automation. These terms (generally referred to as “AI”) are often used interchangeably and are being adopted by organizations at an increasingly rapid pace across a broad range of industries, applications and purposes. Examples of AI applications include: targeted marketing to customers; enhancing customer experience; identification through AI driven facial recognition technologies, screening for new employees; credit adjudication; and fraud detection, to name but a few.
This panel brings together legal and industry experts from a broad range of industries and will explore what AI means, how data is used (or potentially misused), the potential for human and machine interaction, and the impact on trust and privacy. The discussion will highlight some of the potential risks that could arise from the use of AI, the role of the Board when it comes to governance over the use of AI, and the risks that the board itself might face, including legal and reputational risks. And, panel members will share best practices for board oversight of risk, use of AI to support strategy execution, and alignment of use of AI with an organization’s values.
Speakers: Sara Gelgor, LLB, LLM, MBA, ICD.D, G.Dipl SRS, Director, Human Rights & Sustainability, RBC; Molly Reynolds, LLB, Partner, Privacy, Cybersecurity, Data Governance, Partner, Torys; Robin Sooklal, JD, Senior Director, Enterprise Privacy, Loblaw Companies Limited