Press Release: “The Association for Computing Machinery’s global Technology Policy Council (TPC) has released a new Statement on Principles for Responsible Algorithmic Systems authored jointly by its US (USTPC) and Europe Technology Policy Committees (Europe TPC). Recognizing that algorithmic systems are increasingly used by governments and companies to make or recommend decisions that have far-reaching effects on individuals, organizations, and society, the ACM Statement lays out nine instrumental principles intended to foster fair, accurate, and beneficial algorithmic decision-making.
The statement includes a definition for each principle as well as a brief explanation of how the principle contributes to the larger goal of building responsible algorithmic systems. The nine instrumental principles include: Legitimacy and Competency; Minimizing Harm; Security and Privacy; Transparency; Interpretability and Explainability; Maintainability; Contestability and Auditability; Accountability and Responsibility; and Limiting Environmental Impacts. The new statement complements the ACM Code of Ethics and is intended as a guide for algorithm developers and designers to remain vigilant concerning the potential for bias and unfairness at each stage of the software development process….(More)”.