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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
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