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