A report from FTI Consulting reveals a significant rise in AI-related shareholder proposals in 2024, with 16 proposals filed between January and June, compared to just seven in 2023 and four in 2022. The report, “Unveiling Key Trends in AI Shareholder Proposals”, highlights growing investor concerns over AI governance, transparency, Despite none of the proposals achieving majority support, several garnered significant backing, with a proposal at Netflix receiving 43.3% of the vote. This underscores investors’ increasing demand for more robust AI risk management and oversight. However, proposals seeking changes to board responsibilities for AI oversight saw less than 10% support, likely due to concerns over prescriptive measures. As shareholder activism surrounding AI grows, experts like Arnaud Cave from FTI Consulting predict more investor scrutiny in 2025, especially in relation to AI's impact on the workforce. FTI Consulting advises companies to strengthen governance processes and improve AI disclosures to address rising concerns.
