AI expertise isn’t the same as AI oversight. Boards need both

From 2023 to 2025, the share of S&P 500 companies disclosing AI as a risk jumped from 12% to 83%. But according to company filings, fewer than 3% of directors have AI expertise. And in the same research, just 23% of executives said their board was highly fluent in AI, and a quarter said it had low fluency or none at all.