Oct 12, 2026 · 14 min · 7 segments
AI is transforming business, creating huge opportunities and new risks for companies worldwide. Jon Geldart, Director-General IOD UK lists 10 principles to help Boards realise AI’s benefits. This…
On internal assurance, Geldart says organizations need capable, independent, audit, risk compliance, and technology assurance functions backed by clear escalation procedures and sufficient authority to act quickly when problems arise.
Board members should also understand how artificial intelligence is molding a different macroeconomic and even geopolitical environment.
The challenges for boards to get AI rights, some of which have been described earlier, means there could be an initial learning curve, missteps and false starts that will slow down the short-run pace.
But as the technology further matures, and companies improve foundations and readiness, the likelihood is to see a huge leap in pace of benefitualization in the longer run, at a much faster pace than we can envisage today.
Georgieva Kristalina of the IMF says in her cutting razor speech last week that there is therefore a phase, the period of maximum risk somewhere in the transition between today's AI building boom and tomorrow's arrival.
The potential gains are enormous and companies that invest early and execute well will gain a competitive edge.
IMF research suggests AI could eventually add up to half a percentage point to annual global growth, about $600 billion from ideas that might not otherwise emerge.
Boards must remain open to these opportunities and position their companies to capture their share of this additional economic value.
There is a lot of learning as we go with AI, but for sure, AI preparedness is key, which includes having the right digital infrastructure, labor, market readiness, and regulatory guardrails.
The smartest boards in their geographical expansion will be more sensitive to understanding where they can best capture the benefits while of course managing the very substantial perils.
The perils can be real and pose serious threats such as large-scale labor market fallout, serious cyber and stability risks and frontier models threatening the to escape human control and running amok.
On internal assurance, Geldart says organizations need capable, independent, audit, risk compliance, and technology assurance functions backed by clear escalation procedures and sufficient authority to act quickly when problems arise.
Board members should also understand how artificial intelligence is molding a different macroeconomic and even geopolitical environment.
The challenges for boards to get AI rights, some of which have been described earlier, means there could be an initial learning curve, missteps and false starts that will slow down the short-run pace.
But as the technology further matures, and companies improve foundations and readiness, the likelihood is to see a huge leap in pace of benefitualization in the longer run, at a much faster pace than we can envisage today.
Georgieva Kristalina of the IMF says in her cutting razor speech last week that there is therefore a phase, the period of maximum risk somewhere in the transition between today's AI building boom and tomorrow's arrival.
The potential gains are enormous and companies that invest early and execute well will gain a competitive edge.
IMF research suggests AI could eventually add up to half a percentage point to annual global growth, about $600 billion from ideas that might not otherwise emerge.
Boards must remain open to these opportunities and position their companies to capture their share of this additional economic value.
There is a lot of learning as we go with AI, but for sure, AI preparedness is key, which includes having the right digital infrastructure, labor, market readiness, and regulatory guardrails.
The smartest boards in their geographical expansion will be more sensitive to understanding where they can best capture the benefits while of course managing the very substantial perils.
The perils can be real and pose serious threats such as large-scale labor market fallout, serious cyber and stability risks and frontier models threatening the to escape human control and running amok.
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