Tag risk

5 Tips for Mastering Compliance with the EU AI Act by Tim Rollins

5 Tips for Mastering Compliance with the EU AI Act

Artificial Intelligence (AI) is transforming industries by automating tasks, providing insights, and enhancing decision-making. However, as AI systems become more integrated into business processes, ensuring their ethical use and compliance with regulations is crucial. The European Union's AI Act aims to regulate AI systems, especially high-risk ones, to ensure they are safe and respect fundamental rights.

For corporate legal and privacy professionals, navigating these regulations can be challenging. This guide offers five essential tips to help your organization comply with the EU AI Act, ensuring your AI systems are ethical, secure, and compliant.

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General Counsel Report from FTI Consulting and Relativity Reveals Declining Risk Preparedness Across Global Corporate Legal Departments

General Counsel Report from FTI Consulting and Relativity Reveals Declining Risk Preparedness Across Global Corporate Legal Departments

FTI Consulting, Inc. (NYSE: FCN) and global legal technology company Relativity today announced findings from The General Counsel Report. The study uncovered substantial changes in how global legal departments are strategizing around and preparing for their biggest risks.

The report, which is based on a detailed survey and one-on-one interviews between Ari Kaplan and chief legal officers at large corporations in every major region around the world, revealed contrasting priorities throughout nearly every area of the corporate legal function, including equal enthusiasm and caution regarding technology transformation and investments in hiring amid budget constraints. Notably, 87% of participants expect risk to increase in the coming year and regulatory and global compliance challenges emerged as the number one issue for the first time in the five-year history of the report. In parallel, increases in the scope and scale of corporate risk combined with continually growing demand on legal departments contributed to declining preparedness in every risk category studied.

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