AI & Vendor Risk for Execs & The Board

AI & Vendor Risk for Execs & The Board

Essentials for Knowledgeable Discussions and Making Well-Informed Decisions.

Artificial intelligence (AI) is rapidly transforming the way organizations operate, bringing both significant opportunities and complex challenges. As companies increasingly adopt AI technologies, Boards of Directors play a critical role in overseeing their responsible and effective use.

Are you jumping in with both feet out of fear of missing out (FOMO) or are you taking a well thought-out approach as to where and how it can be leveraged within your company? Making knowledgeable, informed decisions mitigates multiple dimensions of risk and helps you avoid a money pit and reap the benefits AI offers.

Knowing what to ask and what the answers mean is the first step to building a strong foundation and a go-forward AI strategy that will reap benefits in the years to come. This course will help you:

• Build your AI knowledgebase and vocabulary. Become AI Literate!
• Engage staff and vendors in intelligent discussions
• Become aware of the multiple dimensions of complex risks AI presents
• Understand the hidden costs of implementing AI technology and AI solutions

Web-based, self-paced eLearning course.

Course: 7 chapters

Audience: Senior Executives and Board Members

Time Required: Approximately 3 hours

CPE Eligible: 7 CPE credits (based on 1 credit per 50 minutes)

Cost: $799.00 per person or $2,500 for up to 5 registrants – CALL US FOR INFORMATION

Course Materials: Companion Documents

Post-course:

• AI & Vendor Management Certificate
• 1 year free telephone/email support

COURSE GOALS

Knowledgebase: Build your AI vocabulary, knowledgebase and skillsets, and impart the confidence you need to have well-informed meaningful AI discussions with your team and your vendors before you take the AI plunge.

Benefits and Risks: Understand the advantages of implementing AI but also be aware of the cost of AI and the multiple dimensions of risk the technology presents. Is there Transparency, Accountability, and Explainability?

Strategic Alignment: Ensure that your strategic objectives align with the capabilities and direction of your vendors.

AGENDA

Chapter 1 – Artificial Intelligence: this chapter discusses the following:

• What AI Is and, just as important, What It Is Not
• AI Types & Technologies
• Use cases

Chapter 2 – Board & “C” Suite Concerns:

• Responsible AI
• Board Charter
• Board Composition
• AI Literacy
• Board Concerns

Chapter 3 – Board & “C” Suite Issues, Risks and Risk Mitigation Strategies:

• Alignment with Strategic Objectives
• Governance, Accountability & Ethics
• Operational Risk
• Legal and Regulatory Risk
• Financial Risk
• Risk Mitigation Strategies

Chapter 4 – Benefits & Risks

• Benefits in Financial Services, Supply Chain & Logistics, Information Technology
• Risks: Data, Financial, Operational
• Risk Mitigation

Chapter 5 – Steps for Success

• Working Groups
• Proof of Concept: Reasons for Failure and Success
• Pilot: Reasons for Failure and Success

Chapter 6 – AI Agents and Agentic AI: Agentic AI is a true game-changer that is affecting life as we know it. This chapter covers:

• Definitions
• Examples and Comparisons
• Benefits and risks of AI Agents and Agentic AI

Chapter 7 – Governance: Where would we be without Governance? Without tone from the top, it’s difficult for any program to succeed. This chapter covers:

• Governance Defined
• AI Governance Components and Principles
• AI Model Governance Components and Principles
• AI Policy