Abstract
Purpose: To develop an ethical artificial intelligence (AI) corporate governance (CG) framework to guide South African business leaders in deploying and integrating AI into business processes, thus providing practical guidance to ensure responsible, transparent, and stakeholder-centric AI adoption. Motivation: AI governance remains largely underdeveloped across Africa, particularly in South Africa, where businesses experience significant dilemmas in adopting and implementing an ethical AI framework. This study addresses that gap by developing a structured approach to ethical AI CG that supports responsible business practices. Design/Methodology/Approach: A sequential mixed-methods approach was employed, combining a systematic literature review based on the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines, with quantitative insights from a questionnaire. Main findings: The study identified five essential elements for an effective ethical AI CG framework, namely transparency, machine bias, privacy, beneficial AI, and responsible AI, all of which must be stakeholder-centric. Practical implications: A robust ethical CG framework tailored for South African business environments will encourage ethical AI adoption, strengthen adherence to the King IV Code, and enhance stakeholder trust while mitigating AI-driven risks inherent in technologies. The study emphasises continuous monitoring, stakeholder engagement, and compliance with legal frameworks like the Protection of Personal Information Act (POPIA). While the framework is tailored for South Africa, its principles can enjoy broader applications in other African business contexts. Novelty/Contribution: This study developed a novel ethical AI CG framework for South African businesses using a sequential mixed-methods approach incorporating stakeholder views.
| Original language | English |
|---|---|
| Pages (from-to) | 286-316 |
| Number of pages | 31 |
| Journal | South African Journal of Accounting Research |
| Volume | 39 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 2025 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 12 Responsible Consumption and Production
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SDG 16 Peace, Justice and Strong Institutions
Keywords
- AI
- AI risk management
- corporate governance framework
- ethics
- stakeholders
ASJC Scopus subject areas
- Accounting
- General Business,Management and Accounting
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