Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In other words, while AI can be a valuable tool for directors, it cannot replace the need for directors to exercise independent judgment.The CA 1993

In other words, while AI can be a valuable tool for directors, it cannot replace the need for directors to exercise independent judgment.The CA 1993 requires directors to act in good faith and in the best interests of the company . This means that directors of GNZL, as a subsidiary of Granda, are legally required to understand and agree with any decisions provided by AI. They cannot delegate this responsibility entirely to an AI system. Therefore, while AI can be a useful tool, it cannot replace the fiduciary duties and decision-making roles of human directors. If Granda were to use AI for all decision-making in GNZL, it could potentially violate the Act. Therefore they need to ensure that the use of such technology complies with the legal obligations of directors under NZ law. link this to grand and gnzl scenario on the info i sent

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Law and economics

Authors: Robert cooter, Thomas ulen

6th Edition

132540657, 978-0132540650

More Books

Students also viewed these Law questions

Question

Name two state taxation journals and indicate who publishes each.

Answered: 1 week ago

Question

\f

Answered: 1 week ago