With AI-related risks being inherently global in nature, the hope and anticipation is that there will be a suitably robust regulatory environment wherever the technology is deployed, Michael Connor, Executive Director at Open MIC, tells ESG Investor.
“Many companies have global activities, so we need to ensure that if they are applying a higher standard in Europe due to EU regulations, this should be the case wherever they operate to foster greater corporate accountability in the deployment and use of digital technologies,” he says.
“We need to be realistic about the outcomes, especially at companies like Alphabet and Meta which have ‘dual class’ shares that give the company founders and other insiders powerful voting rights that make shareholder initiatives extremely challenging,” said Michael Connor, Director at Open MIC, a nonprofit which campaigns for corporate accountability in media and tech.
Twitter has just filed its proxy statement, with an annual meeting which is also an audio webcast, is also on 27 May, and is also at 10 am Pacific Time. But, for some reason, the human rights resolution did not appear as a voting matter, despite there being no challenges to it at the SEC. Indeed, according to Michael Connor, executive director of Open MIC, none of the companies challenged any of the resolutions, even the second one covering human rights at Facebook. It is not clear, at this time, why Twitter was able to exclude the resolution.
