AI Board Governance

Boards that see
the pattern
act first.

Vela equips boards and the executives who support them to navigate AI risk, close governance gaps, and capture the advantage that comes with moving early.

Start with the Assessment Our Services

The governance advantage belongs to boards that read the signals before they become stories.

AI has changed what boards are accountable for. Most haven't caught up yet. The ones that do first move with more confidence, more credibility, and more room to act.

As seen in

The Assessment

AI Board
Governance
Compass.

Built for the boardroom, not the technology team. The Compass maps where you stand across 16 indicators and four dimensions — surfacing gaps and opportunities before a crisis forces the issue.

1IndividualDirector-level AI literacy and personal accountability
2BoardCollective oversight capability and governance structure
3OrganizationAlignment between executive leadership and board-level AI signals
4StakeholderRegulatory, insurer, and investor expectations
Request Access Learn More
1 2 3 4 5 INDIVIDUAL BOARD ORGANIZATION STAKEHOLDER 3.2 2.6 2.2 3.5 Illustrative scoring

The Work

Where every
engagement begins.

Built for board time and board-level accountability — for directors and the executives who work alongside them.

Assessment
AI Board Governance Compass
16 indicators. 4 dimensions. A clear picture of where your board stands — and where to go next.
Start here
Advisory
Board Advisory
Ongoing support for boards managing live AI oversight — policy, regulatory response, insurance gaps, accountability questions.
Inquire
Simulation
Board Simulations
Immersive scenarios that place the board inside live AI governance decisions — building the instincts needed before the real moment arrives.
Learn more
Education
Director Education
Workshops and programs that translate AI governance into board-level language — clear, practical, built to stick.
Explore

Why It Matters Now

Ask.

Better questions unlock better outcomes

Not as technical experts — as effective overseers. The right questions protect companies and unlock value that governance-weak boards miss entirely.

See.

The pattern is already there

The signals that precede AI governance failures are visible before the outcome is. Vela helps boards learn to read them.

Act.

The governance advantage is real

Boards that close the oversight gap early move faster and earn more trust from regulators, insurers, and investors than those who wait.

How We Work

From diagnosis to
capability to record.

1

Assessment

The Compass maps readiness across 16 indicators — establishing a specific, defensible baseline.

2

Workshop

Facilitated session built around your board's real risks and opportunities. Decision-focused, board-paced.

3

Simulation

Live governance scenario — real-time decisions, real consequences. Instincts form in the debrief.

4

Record

A structured due diligence record — the evidence of active oversight that regulators and insurers increasingly require.

The signals that matter in AI governance were always there. The skill is learning to read them before they become a crisis.

On board oversight in the age of AI

See the pattern.
Move first.

Request a briefing to discuss the Compass assessment and what a Vela engagement looks like for your board.

Request a Briefing Start with the Assessment

Who we are

Built to close the gap between AI responsibility and board readiness.

Vela Board Advisors was founded on one observation: boards are being held accountable for AI decisions they didn't make, under standards that didn't exist when they joined the board.

The founding

Every governance gap is also an opportunity.

Most governance tools were built for regulators and executives. Directors — the people legally accountable for oversight — were expected to work backward from frameworks designed for people with completely different jobs.

Vela exists to fix that. We build tools, programs, and engagement models designed from the ground up for board members and the executives who support them — people with full accountability and limited time, who need clarity, not complexity.

The AI Board Governance Compass is our proprietary framework. It maps readiness across 16 indicators and four dimensions, gives boards a shared language, and creates the record of active oversight that regulators and insurers are increasingly asking to see.

Why Vela?

Vela is the constellation of the Sails — part of the ancient ship Argo Navis, used by navigators who had no shore in sight. The signals that matter in AI governance were always there. The skill is learning to read them before they become a crisis.

Founded by three practitioners.

Vela was co-founded by three practitioners with deep experience in board governance, AI strategy, crisis simulation, and the boardroom dynamics that determine whether oversight holds or breaks down.

Photo
Paula Fontana
Co-Founder

Paula is the founder of Eudai AI and Board Director and CMO at iluminr. She serves on the Private Directors Association AI Task Force and Research and Standards Council, where she works at the intersection of AI governance, board leadership, and enterprise risk. She has spent her career building the tools and frameworks that give boards and executives clarity in high-stakes decisions.

Photo
Tamara Gracon
Co-Founder

Tamara is CEO of TBG Consulting and an elected board member of the Private Directors Association. She brings deep experience in governance strategy, board effectiveness, and director development — with a particular focus on how boards navigate complex risk environments and build the oversight structures that hold under pressure.

Photo
Joanna Ridgway
Co-Founder

Joanna is Chief Revenue Officer at Cien.ai and a member of the PDA AI Task Force. She brings a practitioner's lens to the commercial and strategic dimensions of AI governance — understanding how AI deployment decisions travel from the executive suite to the board table, and where the oversight gaps tend to form.

The framework

The AI Board Governance Compass.

The Compass was developed because no existing governance tool was built for directors. Audit frameworks, regulatory guidance, and executive-level AI policies all assumed a different audience — people with technical access, management authority, or enforcement power.

Directors have none of those things. What they have is fiduciary responsibility and the right to ask questions. The Compass was built to make those questions better.

It maps readiness across 16 indicators — covering AI literacy, oversight structure, organizational alignment, and stakeholder accountability — and surfaces where a board's governance posture is strong and where it carries unexposed risk.

16
Governance indicators across the full assessment
4
Dimensions: Individual, Board, Organization, Stakeholder
1–5
Scoring scale with criticality weighting and priority queue
D&O
Director liability integrated throughout every dimension

Organizations we work with

iluminr
·
Cien.ai
·
Private Directors Association

Additional partners and logos coming soon.

Start with the Assessment.

The Compass is the entry point for every Vela engagement. Request access or a briefing to discuss what it surfaces for your board.

Request a Briefing Explore the Compass

Services

Four ways we work with boards.

Every Vela engagement starts with the Compass assessment. From there, the work takes four forms — each designed around the reality of board time, board accountability, and board-level risk.

1

Assessment

The AI Board Governance Compass.

The Compass is Vela's proprietary framework for assessing board governance readiness across 16 indicators in four dimensions. It was built from the ground up for directors — not for regulators, not for executives, not for technologists.

Most governance assessments tell organizations what they're supposed to do. The Compass tells boards where they actually stand and what that means for their liability exposure, their oversight record, and their ability to respond when something goes wrong.

The Compass runs as a facilitated session, a self-assessment, or a full diagnostic. Every engagement produces a governance record — documentation that a board actively assessed its AI oversight posture.

Framework at a glance

Sixteen indicators. Four dimensions. Scored 1–5 with criticality weighting. D&O liability considerations woven throughout.

16
Indicators
4
Dimensions
1–5
Scoring
D&O
Integrated
Individual dimension — AI literacy, governance confidence, and personal oversight posture of each director
Board dimension — collective oversight structure, policy approval processes, escalation pathways
Organization dimension — deployment governance, documentation, accountability frameworks below the board
Stakeholder dimension — external transparency, disclosure posture, supplier and partner AI risk
Governance record produced at the close of every assessment — documentation of active board oversight
Priority queue — the three to five indicators that carry the most unmitigated risk for your board
2

Advisory

Ongoing support for live governance decisions.

AI governance isn't a one-time assessment. Boards face a continuous stream of decisions — deployment approvals, policy reviews, regulatory responses, insurance renewals, executive accountability questions — and most of those decisions arrive without enough context.

Vela's advisory work gives boards and governance committees a standing resource: someone who understands both the governance obligation and the AI reality underneath it, and can help translate between the two in real time.

Engagements are scoped around your board's specific needs — standing advisory relationship, project-based support, or pre-meeting briefings ahead of AI-heavy board agendas.

AI deployment reviews — governance questions to ask before approval, and the red flags that should give a board pause
Regulatory response — translating new AI legislation and guidance into board-level action items
Insurance coverage architecture — mapping the D&O/cyber/E&O handoff and identifying where boards are exposed
Executive accountability — board oversight of AI decisions made below the board level
Crisis readiness — governance posture ahead of AI incidents, not after them
3

Simulation

Governance instincts built before the real decision arrives.

The hardest governance decisions are the ones that arrive without warning — an AI deployment that's already live, a liability question that surfaces in a board meeting, a coverage gap that becomes visible only after an incident.

Vela’s simulation catalogue places directors inside those decisions before they happen. Participants navigate a live scenario — making real governance calls, encountering real tradeoffs — and leave with the instincts that come from having made the decision once before.

Vela's simulation catalogue covers a range of AI governance scenarios — each designed around a specific decision point that boards are likely to encounter. Scenarios are available in two formats: a case study format for structured discussion with expert facilitation, and an immersive simulation format delivered through a purpose-built governance scenario platform. Both formats can be built around a board's specific industry context and risk profile.

The Green Light — one scenario in the Vela catalogue. Directors evaluate a live AI deployment proposal, navigating D&O liability, AI washing risk, and coverage architecture
Single-player format — each director works through the scenario independently, building personal governance instincts
Facilitated group format — board or committee session with debrief and governance record output
Case study format — structured scenario discussion with expert facilitation and governance debrief, no platform required
Custom scenarios available — built around your company's specific AI deployment context and risk profile
4

Director Education

AI governance in board language.

Most AI education programs are designed for technologists or executives. They assume technical access, implementation authority, and time directors don't have. Vela's education programs start from the board's actual position — full accountability, limited information, and legal fiduciary duty.

Programs are built around the questions directors can actually ask and the decisions they're actually responsible for. The goal is not AI fluency — it's governance confidence: the ability to ask the right questions, recognize the right answers, and know when to escalate.

Board workshops — half-day or full-day facilitated sessions built around your board's specific industry and AI exposure
Committee briefings — targeted sessions for audit, risk, or compensation committees with AI governance responsibilities
Director onboarding modules — AI governance orientation for incoming directors joining boards with significant AI exposure
Executive alignment sessions — bridging the gap between board-level governance expectations and C-suite AI decision-making

Every engagement starts with the Compass.

Request a briefing to discuss your board's governance posture and what a Vela engagement looks like for your context.

Request a Briefing Upcoming Events

Events

In the room where AI governance decisions are made.

Workshops, briefings, and simulation experiences designed for boards, governance committees, and the executives who support them.

Upcoming

Sep
18
2025
Workshop · PDA
AI Governance for the Agentic Era
PDA National Conference · Chicago, IL9:00 AM – 11:00 AM CT

A facilitated workshop for Private Directors Association members covering the AI Board Governance Compass, agentic AI risk, and the governance questions boards should be asking now.

PDAVela Board Advisors
Registration openRegister
Oct
07
2025
Simulation · QBE
The Green Light: Board AI Governance Simulation
Virtual · QBE Broker Channel60 minutes

A single-player simulation for D&O policyholders — directors navigate a live AI deployment proposal and the governance, liability, and coverage questions it raises.

QBEiluminr
Coming soonGet notified
Nov
TBD
2025
Briefing · Private
AI Governance for Audit and Risk Committees
Location TBDHalf day

A private facilitated session for audit and risk committees covering AI risk identification, escalation pathways, insurance coverage architecture, and emerging governance record requirements.

Private engagement
Scheduling nowInquire

Past events

April 23, 2026
A Defensible Decision
BDO Atlanta · 7:30 – 9:00 AM

An invitation-only breakfast working session on AI governance for independent board directors. Participants worked through two agentic AI case studies using the Compass framework.

BDO · King & Spalding · PDA
March 2026
AI Liability and the Board: What Directors Need to Know
Virtual · PDA AI Task Force

A Task Force briefing covering emerging D&O liability standards for AI oversight, AI washing risk, and the insurance coverage gaps most boards don't know they have.

PDA AI Task Force
February 2026
Compass Framework Pilot
Atlanta, GA · Private Board Session

First closed pilot of the AI Board Governance Compass with a mid-size company board, generating live diagnostic results across all four dimensions and a governance record output.

Private engagement

Host a private workshop for your board.

Every Vela engagement can be scoped as a private session — designed around your board's specific industry, AI exposure, and governance maturity.

Discuss a Private Session
Compass assessment run before the session so the workshop starts from your board's actual baseline
Custom scenario built around your company's AI deployment context
Simulation experience embedded — directors engage with a live governance decision
Governance record produced after the session for your board's files
Half-day or full-day format, designed for board meeting schedules

Bring Vela to your board.

Request a briefing to discuss upcoming programs or scope a private session for your governance committee.

Request a Briefing Explore Resources

Resources

Governance intelligence. In practice.

Perspectives, frameworks, and tools for boards and the executives who support them — on AI governance, director liability, and the oversight decisions that matter.

Governance

The Five Questions Every Board Should Ask Before Approving an AI Deployment

Not technical questions — governance questions. The ones that reveal whether the deployment has a defensible oversight structure or a liability gap in waiting.

Liability

AI Washing: How Boards Can Spot It and Why It Matters for Director Liability

When a company overstates what its AI does, directors can find themselves personally exposed — especially if they approved communications they didn't scrutinize.

Governance

From Oversight to Accountability: The Shifting Standard of Care for Board Directors

Regulators, insurers, and plaintiffs' attorneys are converging on a new standard. What "adequate AI oversight" means for directors is being defined right now.

Framework

Bias, Testing, and Board Responsibility: What Directors Need to Know

Boards are rarely told what AI fairness testing was done before deployment. Most don't know to ask. Here's the question set that changes the conversation.

Simulation

Why Boards Need to Practice AI Governance Before the Crisis Arrives

Fire drills exist because the first time shouldn't be the real thing. The same logic applies to AI governance decisions — and almost no board has run the drill.

Liability

The Insurance Handoff: D&O, Cyber, and E&O in an AI Incident

When an AI system causes harm, three different insurance towers all claim the loss belongs to someone else. Understanding the gap is a governance responsibility.

Stay current on AI governance for boards.

New perspectives, framework updates, and event announcements — delivered to your inbox when there's something worth saying.

No frequency commitment. Unsubscribe at any time.

Ready to go deeper?

The Compass assessment is where every Vela engagement begins. Request access or a briefing to discuss what it surfaces for your board.

Request a Briefing Upcoming Events

Contact

Let's talk about your board.

Whether you're ready to run the Compass, exploring a private workshop, or just want to understand what Vela does — start here.

How we engage.

Every Vela engagement starts with a conversation. We'll discuss your board's context, governance maturity, and what's most pressing — then recommend the right starting point.

Briefing request
30-minute call to discuss your board's situation
Most common starting point. We'll understand your context and recommend next steps.
Compass inquiry
Request access to the assessment
For boards or governance committees ready to run the full diagnostic.
Private workshop
Scope a board or committee session
Half-day or full-day. We'll build around your board's specific industry and AI exposure.
General inquiry
hello@velaboardadvisors.com
Speaking engagements, media, research, and everything else.

PDA members

Vela serves on the Private Directors Association AI Task Force. PDA members can request priority access to upcoming workshops and the Compass assessment through the PDA member portal.

Send a message

We respond within one business day.

Category

Article Title

Vela Board Advisors Date Read time

Ready to assess your board?

The Compass is where every Vela engagement begins. Request access or a briefing to see what it surfaces for your board.

Request a Briefing More Resources