Artificial intelligence (AI) types and applications are proliferating across industries, from machine learning and Generative AI to agentic systems and physical AI. While the use cases have grown, so, too, have the risks AI creates. For boards, the AI era has exposed new challenges in governance and risk management. Most boards (72%) report having one or more committees responsible for risk oversight, and more than 80% have one or more risk management experts, according to a Deloitte survey. For all the attention and investment in managing other kinds of business risk, AI demands the same treatment.

AI security risks can compromise sensitive data, biased outputs can raise compliance problems, and irresponsible deployment of AI systems can have crosscutting ramifications for the enterprise, consumers, and society at large. Given the impact, boards can serve a vital role in helping the organization address AI risks.

Here are five things board members can do to prepare for the future with AI.

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