Embracing Artificial Intelligence – Incorporating AI In The Boardroom And Beyond?

The technology's transformative potential is already clear, but safeguards and governance need to keep pace

The widespread availability of generative AI has led to discussions about its potential use in all parts of the economy and wider society, and for many people its use is now a standard part of their working life. It is not surprising then that company secretarial teams are considering whether, and how, AI can assist them with their role, particularly in connection with board meetings, and that boards themselves are grappling with AI governance arrangements in their businesses.

In summer 2024 the GC100, the association of general counsel and company secretaries working in FTSE 100 companies, ran a poll on the use of AI and legal technology to support the minute-taking process by listed and large private companies. The results, which were published in autumn 2024, showed an almost equal split between responses in favour of (36%), and against (37%), the use of