Deloitte’s recent study, "Leadership, Governance and Workforce Decision-Making About Ethical AI," highlights the growing emphasis on ethical AI governance among C-level executives. The survey, conducted in June 2024, found that 89% of executives believe that robust ethical governance structures are crucial for fostering technology innovation. The study, which surveyed 100 corporate leaders, underscores a human-first approach to AI regulation, with a strong focus on equipping the workforce with the necessary skills to ensure responsible AI use. Despite this, fewer than one-quarter of executives allow independent decision-making on ethical AI, with larger companies demonstrating a higher tendency towards delegating such decisions.
Key findings of the study include a predominant reliance on training and ethical review committees to enforce AI governance, with 76% of organizations conducting AI ethics training for employees and 63% for board members. Balancing innovation with regulation and ensuring transparency in data use are top priorities for respondents. Additionally, the study reveals that AI is expected to significantly benefit operational areas such as supply chain management and employee retention. Kwasi Mitchell, Deloitte's Chief Purpose and DEI Officer, emphasized that effective governance frameworks are essential for driving positive impacts and maintaining trust in AI technologies.
