Firms may be mandated to report AI, digital risks
- Posted on May 29, 2026
- By Financial Express
- 0 Views
- 1 min read
Firms may be mandated to report AI, digital risks
The Ministry of Corporate Affairs (MCA) is considering expanding the Companies Act framework to mandate 'AI & Digital Risk Statements' in board reports, forcing corporate boardrooms to take direct legal responsibility for algorithmic bias and data privacy.