A newly appointed Chief AI Risk Officer wants to establish a consistent enterprise-wide approach to AI risk appetite. Which artifact is MOST foundational for this purpose?
Select an answer to reveal the explanation.
Short Explanation
You need a board-endorsed AI risk appetite statement because it sets the organization's tolerance for AI risks across categories like accuracy, bias, privacy, and safety. It gives you the authoritative benchmark for AI risk assessments, escalations, and acceptance decisions.
Full Explanation
An AI risk appetite statement endorsed by the board is most foundational because it defines tolerable thresholds for AI impacts across categories such as accuracy, bias, privacy, and safety, and gives the authoritative benchmark for AI risk assessments, escalations, and acceptance decisions. The technical standards document specifying approved machine learning frameworks defines technical constraints. The vendor evaluation rubric governs procurement. The glossary improves communication but does not establish risk tolerance.