Glossary term
Glossary term
Governance and Compliance
Organisational body responsible for overseeing AI strategy, risk management, ethics, and compliance across an enterprise.
Microsoft established its Responsible AI Council in 2019, chaired by the CTO, with representatives from legal, privacy, safety, and business units - approving every new AI product against the Responsible AI Standard before launch.
Goldman Sachs' AI Oversight Committee reviews all AI models used in client-facing and trading applications, requiring model cards, bias assessments, and explainability documentation before production deployment.
The EU AI Act requires deployers of high-risk AI systems to implement a governance structure including a human oversight role, a risk management system, and regular quality management reviews - driving board-level AI governance adoption across European enterprises.