After five recent regulatory actions, companies face rising pressure to build a full-bodied compliance program for employment decisions driven by artificial intelligence (AI). This series on the latest AI rules examines organizations’ new responsibilities and obligations, and it details steps to address them. This third article shares AI oversight benchmarks from a new survey on corporate AI governance and provides insights on five compliance steps from the survey and the new rules. The first article
analyzed a novel New York City law mandating bias audits for automated hiring and promotion algorithms. The second article
discussed standards issued by Illinois, Maryland and California; the EEOC; and the DOJ, which last month settled with Meta and required it to discard discriminatory algorithms used to place ads. See “IOSCO Issues Final Guidance on AI and Machine Learning
” (Oct. 7, 2021).