Your directors are more creative than mine. Our CyberSecurity had ChatGPT non functional within days of it being released publicly. Apparently it's too much of a risk, or some nonsense.
I understand the frustration but I have sympathy for your security team. As a former security engineer you'd be shocked at the nonsense I had to clean up from our devs.
I had it draft a thorny recursive SQL query for me one time (which I did write some extensive automated tests to validate)