“IoD members and business leaders are excited by the promise and opportunities AI offers, such as increased productivity and lower operating costs, but are worried about the risks posed, with some directors advocating for increased regulations and establishing a global regulatory body to oversee its development,” said Glen Tonks, IoD Guernsey Chair.   

Mr Semple, Chartered Director and Consultant at the Corporate Governance Institute, said: "As investment in AI explodes, it's clear that embracing technological innovation is not an option but a necessity. Directors and boards tasked with driving their organisations forward are responsible for navigating these challenges proactively.   

"As more and more practical implementations of AI emerge, it's imperative that directors equip themselves with the knowledge and tools necessary to harness its potential as a positive force to elevate their boards' performance."