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.
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.
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.
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.
“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.”
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.
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.
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.
Earlier this week, the Nathan Cummings Foundation filed a shareholder proposal asking Alphabet, the parent company of Google and YouTube, to commission an independent racial equity audit “analyzing Alphabet Inc.’s adverse impacts on Black, Indigenous and People of Color (BIPOC) communities.”
Leading up to the June 3 annual meeting of Alphabet Inc., Google’s parent company, investors have filed a shareholder proposal asking the company’s Board of Directors to evaluate its whistleblower protection policy, and to improve company practices to ensure the protection of employees who raise concerns about human rights abuses and other threats to the public interest.
Citing a host of concerns about social media platforms and their global impact on civil and human rights, shareholders have filed proposals at Alphabet (Google’s parent company), Facebook and Twitter asking the companies to establish Director-level oversight and expertise on those issues. Shareholders are concerned by big tech’s ongoing negligence around enabling racism and discrimination online and threatening the human rights of consumers worldwide.
A coalition of Google shareholders has filed a resolution asking the company to publish a human rights impact assessment for a controversial censored search product -- called "Dragonfly" -- that Google is reportedly developing for use in China. Led by Azzad Asset Management, the shareholders are concerned that Google's compliance with China’s repressive laws would facilitate and legitimize surveillance and censorship, posing serious human rights risks.
An institutional shareholder in Google is calling on the tech giant to disclose information about the risks associated with a controversial Chinese search engine product, "Project Dragonfly," that has drawn criticism from lawmakers and activists.
Azzad Asset Management, a socially responsible investment firm, on Monday filed a shareholder petition asking Google's parent company, Alphabet Inc., to evaluate the potential impact on investors if Google developed a censored search engine in China and to publish a report on its findings by Oct. 30, 2019.
Shareholders in Facebook, Google and Twitter with assets worth more than $25 billion have filed proposals with the companies in the last week demanding answers and accountability related to foreign interference in the 2016 presidential election, as well as threats posed by the growth of hate speech and disinformation on the three platforms.
Concerned that long-term shareholder wealth may be at risk if Facebook and Google do not do enough to “address fake news and hoaxes,” Arjuna Capital, in partnership with Baldwin Brothers, Inc., is asking the two tech giants (proposals to Google here and Facebook here) to evaluate the impact fabricated content is having on their platforms and businesses.
Today Google announced it will ban ads for payday loans and other predatory lending products. Payday loans are short-term, high-interest loans that create and perpetuate cycles of debt among low income communities. With its new policy, Google is taking a big step to curtail the harmful impact of predatory lending schemes on its users. Low income people — the primary targets of economically exploitative ploys both online and off — stand to benefit most from the policy change.
