The article delves into #ethical concerns with #aitools in #legal and #tax research, addressing #output #quality, #bias, #verifiability, #liability, and #privacy #risks. It explores #regulatory, #tech, and professional solutions, offering practical advice for tax professionals to safely navigate AI's challenges with #riskmitigation.
This paper discusses the potential of #ai #largelanguagemodels (#llms) in the #legal and #regulatorycompliance domain.
This article examines the #legal and #regulatory issues, as well as #ethical and #socialjustice questions, raised by the growth of #fintech, particularly in the context of the dispute between the #occ and the New York Department of Financial Services (#nyfds) over the Office's Fintech Charter Decision.
This article highlights the importance of #cybersecurity in contemporary business models and the need for #legal practitioners and #it professionals to work together to assess the extent to which #privacy and #security measures qualify as "appropriate" in the context of #liability #claims and actions for #damages. The article provides guidance on how to move from technical insight to legal #compliance.
As more #laws and #legal norms are introduced to enforce #esg standards, directors are required to ensure that their corporation complies with these standards. This encroaches on the #fiduciary relationship between directors and the corporation and weakens the Business Judgment Rule (#bjr) as directors must operate within the law and implement #compliance systems to keep up with the growing #esggoals.