Barrons.com
Apple, Tesla Could Make for Fireworks This Proxy Season
Shareholders at Apple will vote on the tech company’s use of artificial intelligence in addition to the usual suite of environmental, social, and governance, or ESG, proposals. Segal Marco Advisors, on behalf of AFL-CIO Equity Index Funds, has filed a proposal that asks the company to prepare a so-called transparency report on its use of AI and to disclose any ethical guidelines it has developed for how it uses the technology. “We had an explosion in generative AI uses last year and so investors are very keen to evaluate the risks and opportunities,” said Lindsey Stewart, director of investment stewardship research at Morningstar “I think there’ll be some considerable interest in that proposal.”