Microsoft

'Existential Risks': AI Anxiety Fueling Stream of Shareholder Proposals

'Existential Risks': AI Anxiety Fueling Stream of Shareholder Proposals

Arjuna Capital, which specializes in sustainable investing and manages $319 million, partnered with the advocacy group Open MIC to submit proposals calling on Alphabet and Meta to produce in-depth reports on the dangers of generative AI’s deployment in misinformation campaigns and how the companies plan to address them.

“Alphabet and Meta need to assure billions of users and their shareholders that their management and boards are up to the task of responsibly managing [AI] technology,” Open MIC Executive Director Michael Connor said.

Will Democracy Die in AI’s Black Box? Not If These Shareholders Can Help It

Will Democracy Die in AI’s Black Box? Not If These Shareholders Can Help It

Without that trust, no system or institution that relies on the accurate communication and assimilation of fact—not democracy, not financial markets, not health or the environment, not small business, not policy advocacy, not human rights—will survive as we know it.

Before we reach the tipping point, which I and many of my colleague’s think may well be next year’s elections, it would behoove us to remember that other axiom about moving fast: Speed kills.

These nuns could force Microsoft to put its money where its mouth is

These nuns could force Microsoft to put its money where its mouth is

"What we see is the company generally portrays itself as privacy-friendly, and yet we see that it is, in many cases, lobbying against those same principles," said Michael Connor, executive director of Open Mic, a nonprofit group that uses shareholder proposals to force corporate accountability.

Open Mic worked with shareholders on this and other proposals, one of which has already been successfully withdrawn by the filers. That proposal also called for Microsoft to conduct a human rights impact assessment related to its government contracts. Microsoft took shareholders up on that offer before the proposal even went to a vote.

Microsoft Agrees to Human Rights Review in Deals With Law Enforcement, Government

Microsoft Agrees to Human Rights Review in Deals With Law Enforcement, Government

“This will be an ambitious and complicated process and we’re certainly putting our faith in Microsoft and Foley Hoag to be conscientious,” said Michael Connor, executive director of Open MIC, a nonprofit shareholder advocacy organization that worked with IASJ on the proposal. “They’re asking for input from affected rights holders, which was a very big request on our part and they agreed to that.”

Microsoft will review its government contracts, bowing to investor pressure

Microsoft will review its government contracts, bowing to investor pressure

Open Mic has coordinated a range of activist shareholder proposals at large tech companies that try to force the companies to address questions about the ethical use of technology and how workers are treated internally. The original Microsoft shareholder proposal from Open Mic aimed to force the company to hire an independent third-party to evaluate whether Microsoft's contracts with government agencies comply with the company's stated commitment to human rights principles.

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