Governance

Ensures that stakeholder needs, conditions and options are evaluated to determine balanced, agreed-on enterprise objectives to be achieved; setting direction through prioritization and decision making; and monitoring performance and compliance against agreed-on direction and objectives Scope Note: Conditions can include the cost of capital, foreign exchange rates, etc. Options can include shifting manufacturing to other locations, sub-contracting portions of the enterprise to third-parties, selecting a product mix from many available choices, etc.

A system of laws, policies, frameworks, practices and processes at international, national and organizational levels. AI governance helps various stakeholders implement, manage, oversee and regulate the development, deployment and use of AI technology. It also helps manage associated risks to ensure AI aligns with stakeholders' objectives, is developed and used responsibly and ethically, and complies with applicable legal and regulatory requirements.

The actions to ensure stakeholder needs, conditions, and options are evaluated to determine balanced, agreed-upon enterprise objectives; setting direction through prioritization and decision-making; and monitoring performance and ompliance against agreed-upon directions and objectives. AI governance may include policies on the nature of AI applications developed and deployed versus those limited or withheld.

the act of governing

the persons (or committees or departments etc.) who make up a body for the purpose of administering something