Robots in the boardroom: artificial intelligence and corporate law

Möslein, Florian

doi:10.4337/9781786439055.00039

Cited by 33 publications

(10 citation statements)

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“…The above examples confirm that in cases of decision-making based on numerous and complex data sets, computer programs are increasingly surpassing people, especially if AI allows these programs to constantly improve their respective capabilities [8].…”

Section: Using Artificial Intelligence In Corporate Governancesupporting

confidence: 52%

Corporate Governance Modernization: Legal Trends and Challenges

Tokmakov

2019

SHS Web Conf.

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Development of digital technology opens up new opportunities for corporate governance. At the same time, modern law faces a difficult task – to find a balance between creating conditions for development of technologies including by means of non-interference, and providing the stakeholders in corporate governance with proper legal guarantees. This paper considers the impact of some of the most significant digital technologies on corporate governance, such as distributed ledger technology, smart contracts and artificial intelligence. There are certain legal trends and challenges arising from such innovations including the pursuance of sociability, peer-to-peer and decentralization of corporate governance which in many cases is associated with abolishing of bodies (of a part of bodies) for a corporation management, or transferring their powers (a part of powers) to the corporation members and/or to a computer program (artificial intelligence, algorithm, smart contract). Besides, the paper considers occurrences of new subject of corporate relations – crypto-assets (tokens) holders as well as the possibility for recognition of the legal personality of computer programs, in particular, decentralized autonomous organizations and artificial intelligence.

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Section: Using Artificial Intelligence In Corporate Governancesupporting

confidence: 52%

Corporate Governance Modernization: Legal Trends and Challenges

Tokmakov

2019

SHS Web Conf.

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“…Although to our knowledge Vital in Hong Kong is the only robot benefiting from a board seat, and the recognition of personhood to a robot does not extend to other jurisdictions, the World Economic Forum released a 2015 report where nearly half of the 800 IT executives surveyed expected additional robots to be on corporate boards by 2025 (World Economic Forum, 2015). At present, Hong Kong and the UK already allow the delegation of directors' duties to 'supervised' robots (Möslein, 2018).…”

Section: Corporate Robotsmentioning

confidence: 99%

Liability for robots I: legal challenges

Guerra

Parisi

2021

Journal of Institutional Economics

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In robot torts, robots carry out activities that are partially controlled by a human operator. Several legal and economic scholars across the world have argued for the need to rethink legal remedies as we apply them to robot torts. Yet, to date, there exists no general formulation of liability in case of robot accidents, and the proposed solutions differ across jurisdictions. We proceed in our research with a set of two companion papers. In this paper, we present the novel problems posed by robot accidents, and assess the legal challenges and institutional prospects that policymakers face in the regulation of robot torts. In the companion paper, we build on the present analysis and use an economic model to propose a new liability regime which blends negligence-based rules and strict manufacturer liability rules to create optimal incentives for robot torts.

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“…There will, therefore, be economic pressure from the capital market to adapt to AI-driven forms of governance. This model is likely to challenge the basic tenant of today's corporate law: The personal liability of the directors of limited liability companies (Moeslein 2018) (Table 2).…”

Section: Horizon 3: Shaping a New Corporate Governance Model By Takinmentioning

confidence: 99%

Toward artificial governance? The role of artificial intelligence in shaping the future of corporate governance

Hilb

2020

J Manag Gov

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The article explores the impact of the ongoing progress and adaptation of artificial intelligence on the practice of the corporate governance. It applies three lenses to artificial governance—the business, technology and society lenses—to assess the desirability, feasibility and responsibility of automating board-level decision-making to ensure effective corporate governance. Based on an assessment of the potential and limitations of human and machine learning for effective board-level decision-making, the article proposes five scenarios of artificial governance, i.e. assisted, augmented, amplified, autonomous and autopoietic intelligence, that are likely to shape the governance of organizations today, tomorrow and beyond. It discusses the implications of both the governance of and the governance with artificial intelligence in the three horizons and concludes with an appeal to board members to take an active role in understanding, imagining and shaping the future of artificial governance.

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Robots in the boardroom: artificial intelligence and corporate law

Cited by 33 publications

References 0 publications

Corporate Governance Modernization: Legal Trends and Challenges

Corporate Governance Modernization: Legal Trends and Challenges

Liability for robots I: legal challenges

Toward artificial governance? The role of artificial intelligence in shaping the future of corporate governance

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