Using Artificial Intelligence to Support Board of Directors in their Roles
Corresponding Author(s) : Farkhod Djalilov
American Journal of Economics and Business Management,
Vol. 8 No. 5 (2025): May
Abstract
In the evolving landscape of corporate governance, board directors face increasing complexity in decision-making, compliance, and risk management. Traditional governance frameworks struggle to meet the challenges posed by rapid digitalization, data overload, and global market dynamics. Despite emerging technologies, limited research has addressed how artificial intelligence (AI) combined with cloud computing can comprehensively support board functions beyond routine automation. This study aims to explore how AI and cloud systems jointly enhance board performance, particularly in strategic planning, risk mitigation, compliance, and stakeholder engagement. A mixed-methods approach was employed, including literature review, interviews with board professionals, and quantitative surveys evaluating AI applications in decision-making processes. Results reveal that AI tools—such as predictive analytics, decision support systems, and natural language processing—enable real-time data synthesis and improve directors' strategic foresight. Cloud computing amplifies these capabilities by providing secure, scalable, and globally accessible platforms. Case studies show improved risk detection, more effective compliance monitoring, and enhanced meeting efficiency through AI-powered dashboards and virtual advisors. The integration of generative AI and cloud-based systems represents a paradigm shift in governance by allowing data-driven yet ethically guided decisions that preserve human oversight. Findings highlight the critical need for ethical AI frameworks, continuous board education, and infrastructure upgrades to fully realize the potential of AI in governance. Boards that embrace AI as a strategic partner rather than a replacement for human judgment can enhance agility, accountability, and long-term value creation.
Keywords
Download Citation
Endnote/Zotero/Mendeley (RIS)BibTeX
- P. Dheeriya and M. Singhvi, "A conceptual framework for replacing audit committees with artificial intelligence infused bot", EDPACS, vol. 63, vyp. 3, ss. 1–18, 2021.
- B. Thuraisingham, "Artificial intelligence and data science governance: Roles and responsibilities at the c-level and the board", 2020 IEEE 21st Int. Conf. Inf. Reuse Integr. Data Sci. IRI, ss. 314–318, 2020.
- A. Lauterbach, "Artificial intelligence and policy: quo vadis?", Digit. Policy Reg. Gov., t. 21, vyp. 3, ss. 238–263, 2019.
- J. Zhao and B. G. Fariñas, "Artificial intelligence and sustainable decisions", Eur. Bus. Organ. Law Rev., vol. 24, vyp. 1, ss. 1–39, 2023.
- T. H. Davenport and R. Ronanki, "Artificial intelligence for the real world", Harv. Bus. Rev., vol. 96, vyp. 1, ss. 108–116, 2018.
- M. E. Ramos A. Azevedo, D. Meira i M. C. Malta, "Cooperatives and the Use of Artificial Intelligence: A Critical View", Sustainability, vol. 15, vyp. 1, p. 329, 2022.
- P. Cihon, J. Schuett and S. D. Baum, "Corporate governance of artificial intelligence in the public interest", Information, vol. 12, vyp. 7, p. 275, 2021.
- C. M. Bruner, "Distributed ledgers, artificial intelligence and the purpose of the corporation", Camb. Law J., vol. 79, vyp. 3, ss. 431–458, 2020.
- B. van Giffen and H. Ludwig, "How Boards of Directors Govern Artificial Intelligence", MIS Q Exec., vol. 22, vyp. 4, p. 7, 2023.
- N. T. T. Binh and P.-Y. Hu, "How to Use Artificial Intelligence to Evaluate Board Efficiency," J. Artif. Intel. Technol., Vol. 4, vyp. 1, ss. 56–63, 2024.
- M. Eroğlu and M. K. Kaya, "Impact of artificial intelligence on corporate board diversity policies and regulations", Eur. Bus. Organ. Law Rev., vol. 23, vyp. 3, ss. 541–572, 2022.
- M. Codari L. Melazzini, S. P. Morozov, C. C. van Kuijk, L. M. Sconfienza and F. Sardanelli, "Impact of artificial intelligence on radiology: a EuroAIM survey among members of the European Society of Radiology", Insights Imaging, vol. 10, vyp. 1, p. 105, 2019.
- A. M. Khujamurodov A. J.,. Djalilov, F. A.,. Khamzaev, A. N.,. &. Umarkhujaev, "Improving the infrastructure of the stock market in the context of economic modernization", E3S Web Conf., vol. 401, p. 03054, 2023.
- D. Kumar, "Legal analysis of artificial intelligence in corporate board rooms", Turk. J. Comput. Math. Educ. TURCOMAT, t. 12, vyp. 7, ss. 1514–1521, 2021.
- L. W. Yang T. T. B. Nguyen and W. J. Young, "Performance and Board Diversity: A Practical AI Perspective", Big Data Cogn. Comput., vol. 8, vyp. 9, p. 106, 2024.
- R. P. Buckley D. A. Zetzsche, D. W. Arner and B. W. Tang, "Regulating artificial intelligence in finance: Putting the human in the loop", Syd. Law Rev., vol. 43, vyp. 1, ss. 43–81, 2021.
- M. Ahdadou A. Aajly and M. Tahrouch, "Unlocking the potential of augmented intelligence: a discussion on its role in boardroom decision-making", Int. J. Discl. Gov., t. 21, vyp. 3, ss. 433–446, 2024.
- M. Hilb, "Toward artificial governance? The role of artificial intelligence in shaping the future of corporate governance», J. Manag. Gov., t. 24, vyp. 4, ss. 851–870, 2020.
- F. Kurbonov K.,. Makhmudov, S.,. Mamadiyorov, Z.,. Khamdamov, S.J.,. Karlibaeva, R.,. Samadov, A. &. Djalilov, "The impact of digital technologies on economic growth in the example of Central Asian and European countries", Proc. 7th Int. Conf. Future Netw. Distrib. Syst., ss. 403–409, 2023.
- G. Kalkan, "The Impact of Artificial Intelligence on Corporate Governance", Korporativnye Finansy, vol. 18, vyp. 2, ss. 17–25, 2024.
- H. Grove, M. Clouse and T. Xu, "Strategies for boards of directors to meet the challenges associated with AI, gentrification, and emerging technological advances", Corp. Ownersh. Control, t. 17, vyp. 1, ss. 38–49, 2019.
- W. CHENG, "Reinterpretation of Directors' Duties and Liabilities with Artificial Intelligence Intervening in the Board of Directors", J. Northeast. Univ. Soc. Sci., vol. 24, vyp. 2, p. 100, 2022.
- L. W. Yang T. T. B. Nguyen and W. J. Young, "Performance and Board Diversity: A Practical AI Perspective", Big Data Cogn. Comput., vol. 8, vyp. 9, p. 106, 2024.
- R. P. Buckley D. A. Zetzsche, D. W. Arner and B. W. Tang, "Regulating artificial intelligence in finance: Putting the human in the loop", Syd. Law Rev., vol. 43, vyp. 1, ss. 43–81, 2021.
- W. CHENG, "Reinterpretation of Directors' Duties and Liabilities with Artificial Intelligence Intervening in the Board of Directors", J. Northeast. Univ. Soc. Sci., vol. 24, vyp. 2, p. 100, 2022.
- "Stakeholder Diagram". [Online]. Available at: https://cdn.corporatefinanceinstitute.com/assets/stakeholders.png
- H. Grove, M. Clouse and T. Xu, "Strategies for boards of directors to meet the challenges associated with AI, gentrification, and emerging technological advances", Corp. Ownersh. Control, t. 17, vyp. 1, ss. 38–49, 2019.
- G. Kalkan, "The Impact of Artificial Intelligence on Corporate Governance", Korporativnye Finansy, vol. 18, vyp. 2, ss. 17–25, 2024.
- F. Kurbonov K.,. Makhmudov, S.,. Mamadiyorov, Z.,. Khamdamov, S.J.,. Karlibaeva, R.,. Samadov, A. &. Djalilov, "The impact of digital technologies on economic growth in the example of Central Asian and European countries", Proc. 7th Int. Conf. Future Netw. Distrib. Syst., ss. 403–409, 2023. [30] M. Hilb, «Toward artificial governance? The role of artificial intelligence in shaping the future of corporate governance», J. Manag. Gov., т. 24, вып. 4, сс. 851–870, 2020.
- M. Ahdadou A. Aajly и M. Tahrouch, «Unlocking the potential of augmented intelligence: a discussion on its role in boardroom decision-making», Int. J. Discl. Gov., т. 21, вып. 3, сс. 433–446, 2024.
References
P. Dheeriya and M. Singhvi, "A conceptual framework for replacing audit committees with artificial intelligence infused bot", EDPACS, vol. 63, vyp. 3, ss. 1–18, 2021.
B. Thuraisingham, "Artificial intelligence and data science governance: Roles and responsibilities at the c-level and the board", 2020 IEEE 21st Int. Conf. Inf. Reuse Integr. Data Sci. IRI, ss. 314–318, 2020.
A. Lauterbach, "Artificial intelligence and policy: quo vadis?", Digit. Policy Reg. Gov., t. 21, vyp. 3, ss. 238–263, 2019.
J. Zhao and B. G. Fariñas, "Artificial intelligence and sustainable decisions", Eur. Bus. Organ. Law Rev., vol. 24, vyp. 1, ss. 1–39, 2023.
T. H. Davenport and R. Ronanki, "Artificial intelligence for the real world", Harv. Bus. Rev., vol. 96, vyp. 1, ss. 108–116, 2018.
M. E. Ramos A. Azevedo, D. Meira i M. C. Malta, "Cooperatives and the Use of Artificial Intelligence: A Critical View", Sustainability, vol. 15, vyp. 1, p. 329, 2022.
P. Cihon, J. Schuett and S. D. Baum, "Corporate governance of artificial intelligence in the public interest", Information, vol. 12, vyp. 7, p. 275, 2021.
C. M. Bruner, "Distributed ledgers, artificial intelligence and the purpose of the corporation", Camb. Law J., vol. 79, vyp. 3, ss. 431–458, 2020.
B. van Giffen and H. Ludwig, "How Boards of Directors Govern Artificial Intelligence", MIS Q Exec., vol. 22, vyp. 4, p. 7, 2023.
N. T. T. Binh and P.-Y. Hu, "How to Use Artificial Intelligence to Evaluate Board Efficiency," J. Artif. Intel. Technol., Vol. 4, vyp. 1, ss. 56–63, 2024.
M. Eroğlu and M. K. Kaya, "Impact of artificial intelligence on corporate board diversity policies and regulations", Eur. Bus. Organ. Law Rev., vol. 23, vyp. 3, ss. 541–572, 2022.
M. Codari L. Melazzini, S. P. Morozov, C. C. van Kuijk, L. M. Sconfienza and F. Sardanelli, "Impact of artificial intelligence on radiology: a EuroAIM survey among members of the European Society of Radiology", Insights Imaging, vol. 10, vyp. 1, p. 105, 2019.
A. M. Khujamurodov A. J.,. Djalilov, F. A.,. Khamzaev, A. N.,. &. Umarkhujaev, "Improving the infrastructure of the stock market in the context of economic modernization", E3S Web Conf., vol. 401, p. 03054, 2023.
D. Kumar, "Legal analysis of artificial intelligence in corporate board rooms", Turk. J. Comput. Math. Educ. TURCOMAT, t. 12, vyp. 7, ss. 1514–1521, 2021.
L. W. Yang T. T. B. Nguyen and W. J. Young, "Performance and Board Diversity: A Practical AI Perspective", Big Data Cogn. Comput., vol. 8, vyp. 9, p. 106, 2024.
R. P. Buckley D. A. Zetzsche, D. W. Arner and B. W. Tang, "Regulating artificial intelligence in finance: Putting the human in the loop", Syd. Law Rev., vol. 43, vyp. 1, ss. 43–81, 2021.
M. Ahdadou A. Aajly and M. Tahrouch, "Unlocking the potential of augmented intelligence: a discussion on its role in boardroom decision-making", Int. J. Discl. Gov., t. 21, vyp. 3, ss. 433–446, 2024.
M. Hilb, "Toward artificial governance? The role of artificial intelligence in shaping the future of corporate governance», J. Manag. Gov., t. 24, vyp. 4, ss. 851–870, 2020.
F. Kurbonov K.,. Makhmudov, S.,. Mamadiyorov, Z.,. Khamdamov, S.J.,. Karlibaeva, R.,. Samadov, A. &. Djalilov, "The impact of digital technologies on economic growth in the example of Central Asian and European countries", Proc. 7th Int. Conf. Future Netw. Distrib. Syst., ss. 403–409, 2023.
G. Kalkan, "The Impact of Artificial Intelligence on Corporate Governance", Korporativnye Finansy, vol. 18, vyp. 2, ss. 17–25, 2024.
H. Grove, M. Clouse and T. Xu, "Strategies for boards of directors to meet the challenges associated with AI, gentrification, and emerging technological advances", Corp. Ownersh. Control, t. 17, vyp. 1, ss. 38–49, 2019.
W. CHENG, "Reinterpretation of Directors' Duties and Liabilities with Artificial Intelligence Intervening in the Board of Directors", J. Northeast. Univ. Soc. Sci., vol. 24, vyp. 2, p. 100, 2022.
L. W. Yang T. T. B. Nguyen and W. J. Young, "Performance and Board Diversity: A Practical AI Perspective", Big Data Cogn. Comput., vol. 8, vyp. 9, p. 106, 2024.
R. P. Buckley D. A. Zetzsche, D. W. Arner and B. W. Tang, "Regulating artificial intelligence in finance: Putting the human in the loop", Syd. Law Rev., vol. 43, vyp. 1, ss. 43–81, 2021.
W. CHENG, "Reinterpretation of Directors' Duties and Liabilities with Artificial Intelligence Intervening in the Board of Directors", J. Northeast. Univ. Soc. Sci., vol. 24, vyp. 2, p. 100, 2022.
"Stakeholder Diagram". [Online]. Available at: https://cdn.corporatefinanceinstitute.com/assets/stakeholders.png
H. Grove, M. Clouse and T. Xu, "Strategies for boards of directors to meet the challenges associated with AI, gentrification, and emerging technological advances", Corp. Ownersh. Control, t. 17, vyp. 1, ss. 38–49, 2019.
G. Kalkan, "The Impact of Artificial Intelligence on Corporate Governance", Korporativnye Finansy, vol. 18, vyp. 2, ss. 17–25, 2024.
F. Kurbonov K.,. Makhmudov, S.,. Mamadiyorov, Z.,. Khamdamov, S.J.,. Karlibaeva, R.,. Samadov, A. &. Djalilov, "The impact of digital technologies on economic growth in the example of Central Asian and European countries", Proc. 7th Int. Conf. Future Netw. Distrib. Syst., ss. 403–409, 2023. [30] M. Hilb, «Toward artificial governance? The role of artificial intelligence in shaping the future of corporate governance», J. Manag. Gov., т. 24, вып. 4, сс. 851–870, 2020.
M. Ahdadou A. Aajly и M. Tahrouch, «Unlocking the potential of augmented intelligence: a discussion on its role in boardroom decision-making», Int. J. Discl. Gov., т. 21, вып. 3, сс. 433–446, 2024.