US pension funds to target directors over AI oversight failings
US pension funds are sharpening their focus on director oversight of company AI usage, with three funds across the country adding language to their voting policies on holding them accountable for poor AI oversight. San Francisco’s $33 billion employee retirement system was the first fund to add language to this effect. Trustees voted this year to approve amendments to its proxy voting policy stating that, “where there is evidence that insufficient oversight and/or management of AI technologies has resulted in...