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  • Conversation 5 - Corporate Governance in the Age of Artificial Intelligence

  • Edited by Felix Steffek, University of Cambridge, Mihoko Sumida, Hitotsubashi University
  • Book:
    Legal Innovation
    Published online:
    06 February 2025
    Print publication:
    13 February 2025, pp 119-145
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  • Summary

    This conversation addresses the impact of artificial intelligence and sustainability aspects on corporate governance. The speakers explore how technological innovation and sustainability concerns will change the way companies and financial institutions are managed, controlled and regulated. By way of background, the discussion considers the past and recent history of crises, including financial crises and the more recent COVID-19 pandemic. Particular attention is given to the field of auditing, investigating the changing role of internal and external audits. This includes a discussion of the role of regulatory authorities and how their practices will be affected by technological change. Further attention is given to artificial intelligence in the context of businesses and company law. As regards digital transformation, five issues are reflected, namely data, decentralisation, diversification, democratisation and disruption.