Institutional investors like CalPERS are stepping up scrutiny of AI governance, incorporating AI clauses into their proxy voting guidelines for the first time.
Global pension funds and asset managers are intensifying their scrutiny of artificial intelligence (AI) governance within their portfolio companies. They aim to prevent value erosion due to AI mismanagement, employing methods such as proxy voting against director elections. Notably, the California Public Employees' Retirement System (CalPERS) has for the first time included AI-related provisions in its latest proxy voting guidelines.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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