$[$ From in$-$class discussion: weeks $6,7]$ Which statement is FALSE regarding AI Governance:

Al governance involves setting up mechanisms to continuously monitor and evaluate AI systems.

Involves establishing policies, guidelines, practices and frameworks to ensure AI is used responsibly.

Shoud involve defining custom metrics that align with an organization's key performance indicators $($KPIs$).$

Key principles include adversarial AI oversight, accountability, liability management, privacy, safety and data reliability.