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As artificial intelligence becomes embedded in critical business operations, organizations face a crucial distinction between having an AI policy and implementing true AI governance. While policies outline rules for AI use, effective governance establishes the accountability structures, oversight mechanisms, and decision-making frameworks needed to manage AI risks throughout its lifecycle and demonstrate responsibility to regulators, customers, and stakeholders.

Over the last few days, we have been inundated with information. This, of course, fuelled by panic in the absence of vetting sources of information, we have been exposed to a flood of advice and information.