LIJDLR

risk management

ALGORITHMIC IMPACT ASSESSMENT (AIA) AND THE FUTURE OF AI REGULATION IN BANGLADESH: CHALLENGES, GLOBAL MODELS, AND LEGAL REFORMS

Volume III Issue IV /

ALGORITHMIC IMPACT ASSESSMENT (AIA) AND THE FUTURE OF AI REGULATION IN BANGLADESH: CHALLENGES, GLOBAL MODELS, AND LEGAL REFORMS Nabiur Rahman zisan, Green university of Bangladesh, department of law 3rd year Student, (Bangladesh) Mobashir Akbar Khan, Student Department of Law Green University 3rd years ongoing, (Bangladesh) Download Manuscript doi.org/10.70183/lijdlr.2025.v03.185 The application of artificial intelligence (AI) has revolutionised the healthcare sector, finances, and even the police, yet it also leads to numerous risks, including discrimination, breach of privacy, and biased judgment. Algorithmic Impact Assessment (AIA) is one of the tools that is used to manage these risks. AIA is an approach that contributes to assessing and reducing the possible damages of AI systems in advance and after their activation as well. This research paper delves into the issue of AIA in the regulatory setup of Bangladesh. Bangladesh, similarly, to other nations, has experienced more of the usage of AI, but it does not have a formal framework through which the technologies may be controlled. The paper will use global models of regulation over AI, as exemplified by the European Union (EU), the United Kingdom (UK), and Canada, to suggest a framework that could be used to implement AIA in Bangladesh. The study reveals that embracing AIA in Bangladesh has the potential to minimise the risks that AI has on the rights of citizens and encourages equity in decision-making. The paper has a conclusion where it suggests that it is necessary to establish a National AI Regulatory Authority, create a standardised AIA framework, and establish public-private collaboration to ensure ethical development of AI in Bangladesh.

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STOCK MARKET VOLATILITY: FROM CAUSES TO CONSEQUENCES

Volume III Issue IV /

STOCK MARKET VOLATILITY: FROM CAUSES TO CONSEQUENCES Anuj Wankhade, Research Scholar at Vishwakarma University, Pune (India) Download Manuscript doi.org/10.70183/lijdlr.2025.v03.169 Asset return volatility has become a central focus for investors, policymakers, portfolio managers, brokers, academicians, and regulators, as it significantly influences financial decision-making and capital market performance. The stock market plays a crucial role in a country’s economic development, and volatility, widely regarded as a measure of financial vulnerability, creates uncertainty that affects investment expectations and outcomes. Volatility is triggered by the arrival of new information and is shaped by public information, private signals, and historical price trends. Defined as instability or fluctuation, volatility is commonly measured through standard deviation, capturing daily, weekly, and monthly price variations. A wide range of factors contribute to volatility, including macroeconomic indicators, political developments, market sentiment, and technological changes, all of which can alter investor confidence and market stability. While previous studies have examined specific causes and effects of stock market volatility, there remains a need for a comprehensive understanding of the interactions among these determinants and their broader implications. This research seeks to identify the primary drivers of stock market volatility, analyse the mechanisms through which they influence market behaviour, and assess their consequences for diverse stakeholders. By bridging existing gaps in the literature, the study aims to provide deeper insights into the causes and consequences of volatility in financial markets, thereby supporting informed decision-making and effective risk management.

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NEED AND PURPOSE OF INTERPRETATION OF STATUTES

Volume II Issue I /

NEED AND PURPOSE OF INTERPRETATION OF STATUTES Asmita Shrivastava, Student at Narsee Monjee Institute of Management Studies, Indore Download Manuscript ABSTRACT Interpretation of statutes is a technique of giving the enactment’s words their standard, natural meaning in order to discover the actual meaning of it. It is the method of determining the actual meaning of the statute’s words. Since the courts are not allowed to interpret cases arbitrarily, numerous principles have emerged as a result of their ongoing activities. These guidelines are at times referred to as “rules of interpretation”. There are four rules of interpretation of statutes that have been utilized by courts in the process of interpreting the statutes in various landmark judgements. These are the literal rule of interpretation, mischief rule of interpretation, golden rule of interpretation and the rule of harmonious construction. The literal rule is also known as the plain reading rule, which gives the original, natural and precise meaning of the words used in the statute without any inclusion or replacement of words. The mischief rule is also known as the Heydon’s rule, which aims to determine the mischief and defects in the statute and find out a remedy to cure the mischief and defects of the statute. The golden rule is also known as the British rule, which allows flexibility in the process of interpretation by permitting deviations from the exact meaning of the words that result in absurd outcomes. The rule of harmonious construction is also known as the thumb rule of interpretation, which is used for harmonizing the two provisions of a statute in case of a conflict between them in such a way that neither of their interests are nullified and maximum benefit can be derived from them. Interpretation is a widely recognized activity that holds significant value. The interpretation of laws is essential for comprehending obscure language, executing the law in particular circumstances, to settle conflicts, and upholding uniformity. Type Information Research Paper LawFoyer International Journal of Doctrinal Legal Research, Volume II, Issue I, Page 381-397. Creative Commons Copyright This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. Copyright © LIJDLR 2024

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THE ROLE OF CORPORATE GOVERNANCE IN MANAGING CYBERSECURITY RISKS: A COMPREHENSIVE ANALYSIS

Volume II Issue I /

THE ROLE OF CORPORATE GOVERNANCE IN MANAGING CYBERSECURITY RISKS: A COMPREHENSIVE ANALYSIS Kashish Agarwal, Bcom/LLB/ 3year/ 6 semester student. Mohit Shah, Bcom/LLB/ 3year/ 6 semester student. Download Manuscript ABSTRACT Cybersecurity risks have become increasingly prevalent and impactful in the modern business landscape, posing significant threats to organizations’ operations, finances, and reputation. As a result, effective management of cybersecurity risks has become a critical priority for businesses across industries. This research paper explores the role of corporate governance in addressing and mitigating cybersecurity risks comprehensively. Drawing on a diverse range of scholarly literature, industry reports, and case studies, this paper provides an in-depth analysis of how corporate governance practices influence an organization’s ability to manage cybersecurity risks effectively. The study examines the roles and responsibilities of boards of directors, executive management, and other stakeholders in setting the tone for cybersecurity governance within an organization. It explores the importance of integrating cybersecurity considerations into corporate strategy, risk management processes, and internal controls. Furthermore, the paper discusses the impact of regulatory requirements, industry standards, and best practices on shaping cybersecurity governance frameworks. Through the synthesis of empirical evidence and practical insights, this analysis offers valuable recommendations for enhancing cybersecurity governance practices to strengthen organizational resilience against cyber threats. Type Information Research Paper LawFoyer International Journal of Doctrinal Legal Research, Volume II, Issue I, Page 352-380. Creative Commons Copyright This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. Copyright © LIJDLR 2024

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ROLE OF INDEPENDENT DIRECTOR IN CORPORATE GOVERNANCE

Volume I Issue III /

ROLE OF INDEPENDENT DIRECTOR IN CORPORATE GOVERNANCE Nancy Singh Suryavanshi, 4th year BA LLB (Hons.) student at Narsee Monjee Institute of Management Studies, Bengaluru. Download Manuscript ABSTRACT This article aimed to identify the different concepts of IDs in corporate governance. The term “corporate governance” refers to the structure for managing and overseeing a company. “ID” refers to board members who are not directly affiliated with the company or its administration. In addition to balancing the board’s authority with that of senior management, IDs are brought in to ensure that all board decisions are made from a fair and balanced vantage point. Particularly in publicly traded companies with ownership and control being kept separate, where IDs play a crucial role in corporate administration. In the backdrop of high-profile corporate scandals, the role and effectiveness of IDs in corporate governance have come under scrutiny in recent years. This research paper talks about the function of the ID in the context of corporate governance and its role, legal responsibility, and liabilities. The paper also discusses the challenges faced by IDs in carrying out their duties, such as the potential for conflict with other board members or the need to balance their obligations to different stakeholders, with a comparative analysis between IDs and Executive directors. Additionally, the abstract highlights the benefits that IDs bring to an organization, including increased transparency and accountability, improved decision-making, and enhanced investor confidence. Type Information Research Paper LawFoyer International Journal of Doctrinal Legal Research, Volume I, Issue III, Page 167- 184. Creative Commons Copyright This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. Copyright © LIJDLR 2023 Recent content ROLE OF INDEPENDENT DIRECTOR IN CORPORATE GOVERNANCE Water Rights And Climate Change: An Analysis Of Transboundary Water Conflicts Amidst Environmental Challenges In The Indus Region With Specific Reference To The Indus Waters Treaty Of 1960 Alternative Dispute Resolution Mechanism In India: Limitations And Recommendations Parallel Paths: Analysing The Overlapping Jurisdiction Of Cci And Sectoral Regulators In India CONTEMPORARY CONSTITUTIONAL CHALLENGES IN INDIA : AN ANALYSIS OF KEY ISSUES ADMINISTRATION OF A NON-GOVERNMENTAL ORGANISATION

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