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Publication Peer Review

AI Governance & Compliance in the Industry
AI Governance & Compliance in the Industry

AI Governance & Compliance in the Industry

Open Until: 04/06/2024

Governance and compliance serve as integral components of organizational management, ensuring adherence to regulations, standards, ethical principles, and sustainability principles.

  • Governance: The act or process of governing or overseeing the control and direction of something
  • Compliance: The fact of obeying a particular law or rule or of acting according to an agreement

Governance adopts a top-down approach. Senior management establishes policies, procedures, and frameworks. These directives shape the organization's overarching strategy, risk management protocols, compliance obligations, and decision-making processes. Governance establishes a culture of accountability, transparency, ethical behavior, and sustainability while prioritizing security and privacy measures across the company.

Compliance follows a bottom-up approach. Employees at various levels implement and adhere to the established governance frameworks and regulatory requirements. Compliance focuses on ensuring adherence to laws, regulations, internal policies, and industry standards.

Peer review period has ended.