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Foley says it published a playbook for directors’ use of AI
Foley said it published a playbook by Shellye Archambeau and Lauren Valiente examining directors’ use of artificial intelligence in board work. The firm’s article considered confidentiality, fiduciary duties, privilege, discovery and recordkeeping, and proposed a framework for company policies governing directors’ use of AI tools.
Key points
- Foley recommended disclosure when AI materially influences a director’s recommendation, risk assessment or vote.Foley
- The firm proposed banning AI transcription and summarization of board meetings.Foley
- Foley discussed retention schedules and preservation of prompts, uploaded documents and outputs.Foley
- The firm recommended reviewing director AI-use policies at least annually.Foley