Corporate Management in the Age of Al: Martin Petrin
- Date: Monday 18 November 2019, 14:00 – 15:00
- Location: Liberty Building SR (1.14)
- Cost: Free
Recent media reports and press releases have created the impression that Artificial Intelligence (AI) is on the verge of assuming an important role in corporate management.
While, upon closer inspection, it turns out that these stories should not always be taken at face value, they clearly highlight AI’s growing importance in management and hint at the enormous changes that corporate leadership may experience in the future. This article attempts to anticipate that future by exploring a thought experiment on corporate management and AI. It argues that it is not an insurmountable step from AI generating and suggesting expert decisions (which is already common today) to AI making these decisions autonomously. The article then proceeds based on the assumption that next-generation AI will be able to take over the management of business organisations and explores the corporate law and governance consequences of this development. In doing so, the article focuses on the fundamental areas of corporate leadership/management structures, managerial liability, and the corporate purpose. It also considers the phenomenon of algorithmic entities and leaderless entities.
Martin Petrin is a Professor of Corporate Law & Governance and Vice Dean (Innovation) at University College London Faculty of Laws. Martin’s research interests are in corporate, corporate governance, and business law, often from a comparative perspective. Martin holds an S.J.D. specializing in corporate law from the University of California, Los Angeles, a Ph.D. in law from the University of St. Gallen, Switzerland, and an LL.M. from Columbia University in New York. Before joining academia, Martin has practiced law with a leading international business law firm and has been admitted to the Bar in New York and Switzerland.