The European Union’s AI Act significantly reshapes corporate governance, imposing new responsibilities on directors, compliance officers, in‑house counsels, and corporate lawyers. It demands transparency, risk management, and regulatory oversight for AI systems, particularly high‑risk ones. These professionals must integrate AI oversight into governance, manage liability, conduct impact assessments, and ensure cross‑border compliance. With its extraterritorial reach, the Act influences non‑EU entities and sets global standards for AI governance. This paper aims to offer strategic guidance on aligning corporate policies with these emerging legal requirements, emphasizing proactive risk management and ethical AI adoption.