Towards a legal framework for corporate governance amid artificial intelligence.
Year: 2024
Type: article
Abstract: This paper addresses the procedures to develop a legal framework for corporate governance amid artificial intelligence technology in Jordanian legislation. The analytical and descriptive approach is adopted to analyze the texts of the Jordanian Companies Law No. 22 of 1997, its amendments, and Instructions for the Corporate Governance for Shareholding Listed Companies for the year 2017. Though the Jordanian legislation has established rules and principles of governance, whether, in the corporate law or governance instructions, the Jordanian legislation does not incorporate legal texts that simulate the artificial intelligence into these principles (Yazid, 2016). The results demonstrate that the Jordanian legislation is still in the process of organizing and legalizing the concept of artificial intelligence in the Jordanian Companies Law and the principles of commercial companies’ governance. With that, this article recommends that the Jordanian legislator should amend the law that regulates artificial intelligence issues in the governance of commercial companies to keep up with the development in the era of the digital economy. This would protect commercial companies and those with interests in them by enhancing the principles of transparency, independence, and disclosure, and preserving information security in them according to the artificial intelligence.
DOI: 10.22495/clgrv6i3p12
Author: Mohammad Al-Mahameed
Language: English
Subfield: Law
Field: Social Sciences
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4403764032