On 21 May 2024, the Department of Enterprise, Trade and Employment launched a consultation on the domestic implementation of the EU Artificial Intelligence Act (the “AI Act”). The consultation is intended to inform Ireland’s approach to implementing the AI Act, particularly in relation to the configuration of national competent authorities required for implementation.

The AI summit taking place in Bletchley Park will tackle questions on how to mitigate the risks posed by AI development and the balance needed to encourage innovation while regulating to avoid potential harms.

‘What lies ahead for the future company secretary?’

UK corporate boards must act swiftly to equip themselves for the challenges that lie ahead. Effective governance for AI is paramount. The main goal should be to foster AI adoption characterized by consistency, transparency, accountability, and openness.

On 11 May 2023 the latest compromise text of the AI Act was voted on by the leading parliamentary committees of the European Parliament.

The second day of our annual conference looked to the future: how organisations are going to change in response to burgeoning technologies such as artificial intelligence (AI); the impact of shifting work attitudes; and further strengthening the obligations organisations have to people and the planet.

The Chartered Governance Institute UK & Ireland (CGIUKI) Annual Conference focused on key governance issues such as diversity in the boardroom, board performance reviews and artificial intelligence (AI). In this blog, we break down some of the most important points to come out of the first day of the conference.

The Prime Minister’s announcement yesterday of a new AI Safety Institute to explore the risks of AI developments is a very welcome step forward, as is the announced funding for a super computer and quantum computers which will be available to businesses. However, UK corporate boards must get a move on to prepare for the challenges ahead.

The AI Office will implement the future AI Act at EU level and it should become a central coordination body for AI policy at EU level and cooperate with other Commission departments, EU bodies, Member States and the stakeholder community.