This Year’s AI Proposals Are Just ‘Tip of the Iceberg’
AI presents a host of strategic, ethical and regulatory challenges that directors need to stay ahead of.
The burgeoning number of shareholder proposals related to artificial intelligence this proxy season may be a jumping-off point for boards overseeing the new technology, but AI presents a host of other strategic, ethical and regulatory challenges that directors need to stay ahead of, sources say.
…Thirteen AI shareholder proposals were submitted among Russell 3000 companies this year, representing three times as many as in 2023, according to a May 2024 report from public company intelligence provider MyLoqIQ. Most AI shareholder proposals have targeted tech and entertainment companies, including Meta Inc., The Walt Disney Co. and Apple Inc. But companies like Chipotle Mexican Grill Inc. and United Health Group are also part of the mix, demonstrating both the expansive scope of enterprises targeting AI and shareholders’ varied concerns.
