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Capability 6.3.2

Private Sector Institutional Capacity

Definition

The ability of the private sector and industry bodies to implement, monitor and self-govern AI systems responsibly. Includes organisational AI ethics boards, risk assessment processes, and transparency or impact reporting practices.

Examples

  • Singapore Model AI Governance Framework, AI Verify
  • ISO 42001 - AI Management
  • NAIC Responsible AI Benchmark.

Indicators

  • Percentage of organisations with internal AI governance structures
  • Responsible AI adoption benchmark number of firms and maturity
  • Percentage of organisations using recognised AI governance frameworks (e.g. International Standards Organisation (ISO) 42001, Voluntary AI safety standards)
  • Percentage of organisations publishing AI transparency/impact reports
  • Percentage of companies with formal internal AI audit mechanisms

National AI Plan

PLAN COMMITMENT

Limited commitment

Priority to promote responsible practices of AI, including for private sector and public interest organisations (Action 8), but no specific focus on institutional capacity. Focus on working with industry, civil society and unions to support AI being used appropriately and safely, and in accordance with relevant legislation and regulation, but again lacking institutional focus, hence limited rating. Limited commitment by government in the plan aligns with recommendation to maintain and monitor. To maintain agency, investment by the private sector will be required.

Stocktake

Is the Stocktake missing evidence?

Share additional information for potential future Assessments