AI Guide For Boards in Singapore

Contents

Foreword

6

Preface

8

Our Partners

9

Executive Summary

10

SECTION I: The Board Mandate Chapter 1: Why Boards Must Lead 1.1 A Primer for Directors 1.2 Key Shis in the AI Industry 1.3 Value Creation and Disruption 1.4 Resilience in a Disrupted Economy Chapter 2: The Case For (and Against) AI 2.1 Dening Strategic Ambition

14 16 18 23

24 25 26 27 28 30 32 33 34 35 36

2.2 Industry-Specic Perspective 2.3 Cross-Function Development

2.4 Emerging Disruptors 2.5 Potential Challenges

Chapter 3: The AI-Ready Board 3.1 Board Roles and Responsibilities 3.2 Assessing Board Capabilities 3.3 Enhancing Board Composition

3.4 Committee Structures 3.5 Continuous Learning

3.6 Building an AI-Ready Board

SECTION II: Strategy and Value Creation Chapter 4: Integrating AI into Corporate Strategy 4.1 Identifying AI Value Pools

38 39 40 41

4.2 Assessing Competitive Advantage

4.3 Resource Allocation

4.4 Change Management and Monitoring

Chapter 5: Measuring AI Value 5.1 Establishing AI-Specic Performance Metrics

43 46 47 48

5.2 Measuring Return on Investment 5.3 Dening Success Criteria 5.4 Embedding Accountability

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