Hong Kong’s executives are ‘ill prepared’ for AI era, report finds

Executives at Hong Kong’s largest listed companies have a severe lack of technological expertise, with fewer than 1 per cent of directors possessing dedicated artificial intelligence or cybersecurity skills, according to a new report by Grant Thornton Hong Kong. The firm’s 15th annual Corporate Governance Review – which surveyed 100 major listed firms on Hong Kong’s Hang Seng Composite Index – found that 59 per cent of companies view cybersecurity or AI as principal business risks. Yet only 11...