What happened
EY's inaugural AI Risk and Governance Survey of 202 senior AI executives (board members, C-suite, VP+) at U.S. publicly traded companies with $1B+ annual revenue finds that while 98% report having formal AI governance policies, about two-thirds are concerned about a lack of internal expertise to evolve (69%), implement (63%), or design (63%) governance controls. 47% of respondents admit their organization has previously skipped its AI governance process for urgent deployments, even as AI-related incidents, cyber risk, and shadow AI grow more common.
Why it matters
Quantifies the widening gap between governance design and operational reality at the largest U.S. companies — a clear benchmark for boards assessing their own AI governance maturity against peers.
Action needed
Benchmark internal AI governance maturity against the survey's findings and address identified expertise gaps in governance implementation.