Responsible AI Governance Framework Overview

This document is a guide that outlines the Responsible AI and Governance Framework developed by HCLTech for CIRCOR. It details the significance of responsible AI practices in high-risk environments such as aerospace, defense, and energy, emphasizing the need for safety, governance, and trust. The framework integrates five core tenets: Accountability, Fairness, Security, Privacy, and Transparency, which are essential for sustainable value in AI operations. The guide also presents objectives for leadership, including the publication of responsible AI principles, drafting an enterprise AI strategy, and conducting independent reviews for high-risk systems. Additionally, it describes key activities and deliverables associated with AI governance policy implementation, such as developing a RACI matrix to assign roles across the AI lifecycle and ensuring compliance with regulatory standards. The document further discusses the impact of robust AI governance practices on enhancing AI adaptability and compliance with the EU AI Act.