Balancing innovation and the development of AI with ethical and societal considerations always raises the classic chicken-and-egg dilemma, do we require legal enforcement in the form of obligations, requirements, and metrics for transparent, explainable, and accountable AI-based solutions? Or is it possible to achieve Explainable AI as an outcome of self-regulation initiatives by companies?

The framework proposes a self-regulated approach that incorporates certain tools (or instruments) to facilitate ethical and responsible AI development, drawing on insights from the EU Regulation on Artificial Intelligence (AI Act)

This exercise is a “work in progress” framework, and suggestions will always be welcome.

Framework for Ethical AI Governance featured in the OECD AI Policy Observatory's Catalogue of Tools & Metrics:

https://oecd.ai/en/catalogue/tools/framework-for-ethical-ai-governance