Logo Lanfrica

<p>The Use of Artificial Intelligence in South African Boardrooms: Company Law Implications and Challenges</p>

Domaine:

digital infrastructure

Type de record:

paper
Créateur:
Reh
Éditeur:
Elsevier BV
Hôte:

Artificial intelligence (AI) is increasingly playing a crucial role in how boards of directors manage companies and make decisions within companies. This article examines the following key company law implications and challenges arising from the use of AI in South African boardrooms: (i) whether by consulting AI the board of directors will be regarded as having complied with its fiduciary duties; (ii) whether directors may rely on the business judgement rule under the South African Companies Act 71 of 2008 when AI-assisted decisions result in negative consequences for the company; (iii) whether directors may lawfully delegate their functions to AI systems, and rely on AI-generated advice without incurring liability for incorrect decisions made by those systems; and (iv) whether any person is liable when AI errors cause harm to third parties. This article argues that the Companies Act 71 of 2008 has not kept pace with technological advancements, and should be reviewed to regulate AI use by boards of directors. It concludes by submitting recommendations to support this necessary legislative reform. 

Licenses

https://www.uspto.gov/ip-policy/copyright-policy/copyright-basics

Similaires

<p>Positioning Africa in the age of Artificial Intelligence</p>

Positioning Africa in the Age of Artificial Intelligence: A Doctrine for Gradual D

<p>Data Scraping, Artificial Intelligence, and Human Rights: Challenges for Africa</p>

Human rights doctrine recognizes the protection of the rights and freedoms of every bona fide citize

The Use of Artificial Intelligence in South African Boardrooms: Company Law Implications and Challenges

Artificial intelligence (AI) is increasingly playing a crucial role in how boards of directors manag

<p>The Ethical Role of Native-Centric Algorithm Decolonizing Algorithmic Bias in Artificial Intelligence</p> <p> </p>

AI algorithms can analyze vast amounts of data quickly and accurately, leading to insights and predi

Readiness Assessment of Ethiopian Higher Education Institutions for Artificial Intelligence (AI) Adoption <p><b><span></span></b></p>

Artificial Intelligence (AI) is increasingly transforming higher education by creating new opportuni

<p>The Impersonalisation of Responsibility</p> <p></p> <p>Community, Chiefship, Institutional Weakness, and Accountable Agency in Sub-Saharan Institutional Orders</p>

This article develops a conceptual theory of the impersonalisation of responsibility. Its central cl