Generative AI is highlighted as a key innovation requiring board members' comprehensive understanding due to its significant opportunities and complex ethical and business challenges. KPMG's briefing emphasizes achieving "Trusted AI," which involves the balanced integration of AI to maximize benefits, minimize risks, and maintain stakeholder trust through adherence to governance, ethics, and safety. It offers a roadmap including a board checklist for AI governance, strategic alignment, managing AI risks, understanding AI-related regulations, data integrity, and implementing incident and vendor risk management.

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