Governance and model risk

AI management system

An organisation's policies, processes and controls for developing or using AI responsibly, as specified by ISO/IEC 42001.

An AI management system is the set of policies, objectives, processes and controls an organisation uses to develop, provide or use AI systems responsibly. ISO/IEC 42001 specifies requirements for establishing, implementing, maintaining and continually improving such a system, in the same style as other ISO management system standards, and organisations can be certified against it. Certification shows that a governance process exists; it does not by itself show that a particular agent is safe.

Agent Minute explains this term on 15 February 2027.

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