Organizations that integrate AI into their operations should implement a comprehensive AI governance and risk management framework. Establishing such a framework requires aligning the organization’s policies and procedures with widely accepted standards, such as the NIST AI RMF (RMF), OECD AI Principles, and ISO guidelines. An effective governance program will ensure ongoing compliance with applicable regulations and industry standards, such as the EU AI Act, GDPR, HIPAA, and PCI DSS. However, governance and risk management provide benefits far beyond compliance; they help ensure continued, repeatable success and risk reduction with AI adoption.