Novel Impetus of AI in the Expansive World of Corporate Governance in India

  • Sahil J Singh
  • Show Author Details
  • Sahil J Singh

    Studied at PES Modern Law College, India

  • img Download Full Paper

Abstract

The world is progressing at a rapid pace, it is quintessential to adopt machine learning mechanism and inculcate various paradigm shift reshaping the decision-making process of corporation and individual. AI performs task independently, capable of processing data. It is observed in 2014, Deep Knowledge Ventures (DPV) appointed an AI named VITAL, Advancing Tool for Validation of Life Science in correlation with other Board of Directors Shareholders/Stakeholders have often lost trust in companies due to failure and negligence of corporate governance. Building a fiduciary relationship essentially provides for further expansion of a company. But humans are susceptible to greed and misinterpreting information to inflate the financial statement. Board of Directors failure of complying with governance led to formulation of novel regulations. It’s the necessity of todays ordeal to inculcate a new reform and legislation promoting AI as a protective sheath but with more flexibility as compared to corporate veil principle. This article will provide a multifaceted provision of corporate law in India, ubiquitously collaborating the theory of Board of Directors under the Companies Act of 2013 to the expansion of corporate law, Ai The Novel Tool For Successful Corporate Administration; Impact On Unwavering Aspect Of Governance, principle of Corporate law governance and its sustainability, Assessing The Limit Of Corporate Governance In The Company And Lastly The Futuristic Approach Of AI The New Ordeal Of Today.

Type

Research Paper

Information

International Journal of Law Management and Humanities, Volume 7, Issue 3, Page 4225 - 4235

DOI: https://doij.org/10.10000/IJLMH.117929

Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.

Copyright

Copyright © IJLMH 2021