Public company shareholders this spring will vote on a bevy of investor proposals related to artificial intelligence (AI), a topic that rarely came up a year ago.
Investors already were deep into the process of crafting their 2023 proposals when AI burst into the public consciousness in November 2022 with OpenAI's release of ChatGPT. But investors are ready his time around and are thrusting the topic, alongside other hot-button issues such as executive compensation and climate change, onto the agendas for shareholder meetings.
"Because this is such a new space, a lot of the proposals will be about more transparency and about what companies are doing with AI, and how boards are overseeing risks," said Jamie Smith, the investor outreach and corporate governance director for the EY Americas Center for Board Matters.
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Hugo Guzman
Hugo Guzman is a reporter on ALM's in-house desk based in California, covering legal departments at disruptive technology companies, as well as labor and employment issues involving the NLRB, EEOC and other regulators. Connect with him at [email protected] today.
