Business Ethics in Artificial Intelligence Driven Corporate Governance: Its Effectiveness, Challenges and Way Forward

The article encapsulates a comprehensive exploration of the intersection between ethical considerations and corporate governance in the era ruled by Artificial Intelligence (AI). This paper delves into effectiveness of current frameworks and the challenges posed by AI and proposes strategic pathways for future corporate governance. It critically assesses the role of ethics as the cornerstone of sustainable business practices, emphasizing its heightened significance in the context of AI-driven corporate decision-making. It navigates through the intricacies of transparent and accountable AI governance, addressing the potential risks and ethical dilemmas posed by advanced algorithms and automation. Furthermore, the literature outlines the diverse range of research contributions to demonstrate the unique perspectives to the discourse, spanning legal, educational, and environmental dimensions of business ethics in the AI landscape. The study aims to provide actionable insights  for businesses and policymakers, offering a forward- looking perspective on the integration of ethics into  corporate governance frameworks. It serves as a guide for companies seeking to navigate the ethical challenges posed by AI while laying the foundation of responsible and sustainable business practices in the digital age. "Ethics is the backbone of sustainable business. In the age of Artificial Intelligence, responsible corporate governance is not just a choice; it's a necessity."

Keywords:- Artificial Intelligence (AI) Ethics, Corporate Governance Frameworks, Ethical Decision-Making:, Transparency and Accountability, Algorithmic Governance, Sustainable Business Practices:, Risk Management in AI Governance.