THE ROBO CORP: A.I. ROBOTS IN PHILIPPINE CORPORATE GOVERNANCE
Written by:
Atty. James Keith Heffron
Department of Commercial Law
College of Business
DLSU-Manila
Abstract
The era of Artificial Intelligence (AI) has undeniably arrived, permeating nearly every facet of human existence. As AI develops, it can take on several forms, one of which is robots, defined essentially as physical manifestations of AI that can directly interact with their environment. Following Ray Kurzweil’s Law on Accelerating Returns, it is only a matter of time before AI finds its way into the corporate boardroom, participating in decisions that will not only shape the organization it serves but also impact the lives of the people that it affects. The article seeks to examine the legal challenges of having artificial intelligence (i.e. robots) in corporate governance roles, focusing particularly on the 2019 Revised Corporation Code, the premier legislation on corporate governance in the Philippines. Using the doctrinal approach, the paper recommends suitable amendments to the law, creating a general legal framework for artificial intelligence in corporate governance based on the seven guiding principles of the 2024 ASEAN Guide on AI Governance and Ethics.
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