Artificial Intelligence
Joseph Gentle
Generative AI & Disinformation: Exempt ...

Lead filer Arjuna capital provided an exempt solicitation letter to the SEC in response to Meta’s opposition statement, further clarifying the purpose of the proposed annual report, and the need for additional transparency and oversight related to gAI misinformation.

Generative AI & Disinformation: Exempt Solicitation Filed at Meta
Artificial Intelligence, Shareholder Engagement
Joseph Gentle
2024 Shareholder Resolutions on Generative AI ...

The rise of generative AI (gAI) over the last 18 months has raised numerous questions about how to regulate these powerful new technologies so that they do not compromise people’s ability to exercise their human rights. Generative AI poses a particular threat to the right to freedom of expression, including the right to access information, because it makes it so easy to create and spread deceptive, yet believable content. False content threatens people’s ability to make informed decisions, a prerequisite for healthy democracies.

2024 Shareholder Resolutions on Generative AI & Disinformation: A Build-the-Vote Messaging Guide for Sustainable Investors
Artificial Intelligence
Jessica Dheere
Ahead of This Year’s Elections, Shareholders ...

Shareholders at Alphabet and Meta, following on the success of a similar resolution at Microsoft last month, have filed shareholder proposals recommending that the companies issue annual reports on the risks of misinformation and disinformation produced and amplified by their deployment of generative artificial intelligence (gAI). All three companies have made multibillion dollar investments in gAI.

Ahead of This Year’s Elections, Shareholders Demand Transparency from Big Tech on Risks of AI-Powered Disinformation
Artificial Intelligence
Joseph Gentle
Shareholders Demand Transparency from Microsoft ...

At Microsoft’s annual general meeting on Thursday, shareholders will vote on a resolution recommending that the company issue an annual report on the material risks of generative AI-powered mis- and disinformation to its business operations. The proposed report would include Microsoft’s plans to mitigate those risks, as well as the effectiveness of its efforts. The resolution, which appears as Proposal 13 on the company’s proxy statement, was submitted by Arjuna Capital (lead filer), Azzad Asset Management, Eko, and Open MIC. 

Shareholders Demand Transparency from Microsoft on Material Risks of AI-Powered Disinformation
Press Releases
Michael Connor
Jessica Dheere Joins Open MIC as Advocacy ...

“Finance-focused strategies promise to be a game-changer in advancing human rights in the digital age,” said Jessica Dheere. “I’m thrilled to have the opportunity to build on Open MIC’s pioneering work in this field and to explore new frontiers, by broadening the base of people who are adept at challenging corporate power to ensure that information technologies do not compromise—and ideally reinforce—social justice and people’s expression, privacy, and labor rights.”

Jessica Dheere Joins Open MIC as Advocacy Director

Shareholder Engagement

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2024 Shareholder Resolutions on Generative AI & Disinformation: A Build-the-Vote Messaging Guide for Sustainable Investors

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2024 Shareholder Resolutions on Generative AI & Disinformation: A Build-the-Vote Messaging Guide for Sustainable Investors

The rise of generative AI (gAI) over the last 18 months has raised numerous questions about how to regulate these powerful new technologies so that they do not compromise people’s ability to exercise their human rights. Generative AI poses a particular threat to the right to freedom of expression, including the right to access information, because it makes it so easy to create and spread deceptive, yet believable content. False content threatens people’s ability to make informed decisions, a prerequisite for healthy democracies.

Big Tech Shareholder Proposals: Annual Meeting Results Offer Lessons for the Future

Big Tech Shareholder Proposals: Annual Meeting Results Offer Lessons for the Future

The big tech companies have tremendous positive potential, and tremendous capacity to harm. Over the past several years, investors have turned up the pressure on tech, shattering shareholder proposal records and making the case for responsible and rights-respecting corporate governance. Open MIC has been, and continues to be, an important part of that effort.

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Majority of Alphabet Independent Shareholders Vote To Support A Racial Equity Audit

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Majority of Alphabet Independent Shareholders Vote To Support A Racial Equity Audit

According to final voting numbers for Alphabet’s 2022 annual general meeting, approximately 64.3 percent of independent shareholders voted in favor of a third-party racial equity audit analyzing the company’s impacts on Black, Indigenous, and People of Color (BIPOC) communities. However the proposal failed to earn an overall majority due to the outsized voting power of Alphabet founders Sergey Brin and Larry Page.

Alphabet Insider Shareholders: Support the Shareholder Proposal for a Racial Equity Audit

Alphabet Insider Shareholders: Support the Shareholder Proposal for a Racial Equity Audit

Sergey Brin, Larry Page, and Eric Schmidt: As Class B shareholders, your support or abstention has the power to make or break this popular and necessary investor-led advocacy. We urge you to uphold Alphabet’s principles and “do the right thing” by supporting proposal 9 for an independent racial equity audit.

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Salesforce To Adopt ‘Silenced No More’ Protections For All U.S. Employees; Shareholder Resolution Withdrawn

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Salesforce To Adopt ‘Silenced No More’ Protections For All U.S. Employees; Shareholder Resolution Withdrawn

Salesforce, a leading provider of cloud-based software, announced today that it plans to adopt the principles of a shareholder proposal filed by Whistle Stop Capital regarding the company’s use of concealment clauses in employment agreements and will extend the protections of California’s Silenced No More Act to all U.S. employees. In light of this news, shareholders have successfully withdrawn their proposal.

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SEC Rules Against Meta on Shareholder Proposal Questioning Company’s ‘Metaverse’ Plan

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SEC Rules Against Meta on Shareholder Proposal Questioning Company’s ‘Metaverse’ Plan

In a major victory for investors, the Securities and Exchange Commission (SEC) has ruled that Meta - the parent company of Facebook and Instagram - must give investors an opportunity to consider and vote on a shareholder proposal that questions Meta’s ”social license to operate an emerging technology like the metaverse” without fully understanding the potential risks and negative impacts.

Open MIC Voices Opposition to SEC Rules that Would Undermine Shareholder Engagement & Allow Companies to Further Avoid Accountability

Open MIC Voices Opposition to SEC Rules that Would Undermine Shareholder Engagement & Allow Companies to Further Avoid Accountability

In a letter to the Securities and Exchange Commission, Open MIC voiced strong opposition to proposed changes to Rule 14a-8 that would severely limit the rights of shareholders to engage with corporations regarding risky social, environmental and governance practices, including shareholders’ ability to file shareholder resolutions.

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