Legal Regulation for Adopting Artificial Intelligence Systems in Corporate Governance According to Bahraini Law (Comparative Study)

Abstract

Research discussed the legal harnessing of AI capabilities in corporate governance, the short-cut in time, effort, and costs, the accuracy and speed of disclosure, and the accessibility of corporate-related data and records to stakeholders (stakeholders). The research shows that harnessing artificial intelligence systems in corporate governance finds its legal basis in two axes: The legal axis of digital transformation, the axis of disclosure, and its electronic activation. In Bahraini and UAE legislation, artificial intelligence systems are clearly underdeveloped within the scope of electronic registration of companies, licensing, and also in the scope of trading in the stock market. But we call on the legislature to generalize the digital transformation to cover all the legally mandated tasks of the corporate registrar, to track the performance of companies digitally, and to conduct audits and electronic inspections of corporate accounts and to assess their financial position..