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How to establish an effective AI GRC framework

How to establish an effective AI GRC framework
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Rewrite the

Make AI governance a team effort

AI crosses virtually every facet of the business, so the GRC framework should include input from a broad spectrum of participants.

“We typically begin with stakeholder identification and inclusion by engaging a diverse group of sponsors, leaders, users, and experts,” says Ricardo Madan, senior vice president and head of global services at IT service provider TEKsystems.

This includes IT, legal, human resources, compliance, and lines of business. “This ensures a holistic and unified approach to prioritizing governance matters, goals, and issues for framework creation,” Madan says. “At this stage, we also build or ratify the organization’s AI values and ethical standards. From there, we set the plan and cadence for continuous feedback, iterative improvement, and progress tracking against these priorities.”

in well organized HTML format with all tags properly closed. Create appropriate headings and subheadings to organize the content. Ensure the rewritten content is approximately 1500 words. Do not include the title and images. please do not add any introductory text in start and any Note in the end explaining about what you have done or how you done it .i am directly publishing the output as article so please only give me rewritten content. At the end of the content, include a “Conclusion” section and a well-formatted “FAQs” section.

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