An effective MVG framework isn't a single document; it's an integrated system resting on four critical pillars. Neglect any one, and the structure collapses.

1. Policy Pillar: The "What" and "Why" - Setting the Rules of the Road

2. Purpose: Defines the organization's binding commitments, standards, and expectations for responsible AI development, deployment, and use.

3. Core Components:

4. Risk Classification Schema: A clear system for categorizing AI applications based on potential impact (e.g., High-Risk: Hiring, Credit Scoring, Critical Infrastructure; Medium-Risk: Internal Process Automation; Low-Risk: Basic Chatbots). This dictates the level of governance scrutiny. (e.g., Align with NIST AI RMF or EU AI Act categories).

5. Core Mandatory Requirements: Specific, non-negotiable obligations applicable to all AI projects. Examples:

6. Human Oversight: Define acceptable levels of human-in-the-loop, on-the-loop, or review for different risk classes.

7. Fairness & Bias Mitigation: Requirements for impact assessments, testing metrics (e.g., demographic parity difference, equal opportunity difference), and mitigation steps.

8. Transparency & Explainability: Minimum standards for model documentation (e.g., datasheets, model cards), user notifications, and explainability techniques required based on risk.

9. Robustness, Safety & Security: Requirements for adversarial testing, accuracy thresholds, drift monitoring, and secure

Read More: From Principles to Playbook: Build an AI-Governance Framework in 30 Days

Read More Articles:

1. Building Your AI Governance Foundation

2. AI Governance: Why It’s Your Business’s New Non-Negotiable

— Nate Patel

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