In business, governance is a framework of rules, practices, and processes by which a company is directed and controlled. The aim of this concept is to ensure accountability, fairness, and transparency
AI governance for business is the structure of rules, practices, and processes used to ensure that the organization’s AI technology is directed and controlled to sustain and extends the organization’s strategies and objectives.
What AI tools to use.
Different countries have different governance requirements (laws, organizational structures, etc.) so users of AI will need to be attuned to variations if one aims to earn value with AI.
Different locations have norms, and expectations of "trust" and "transparency", "fairness", even preferences (value).
For example, the Māori data governance model Te Kāhui Raraunga.
Just like how different countries have different norms, different industries have different governance requirements that AI users also have to attune with.