From Nikkei Asia · · 40s
CalPERS and investors boost AI governance checks
Pension funds and asset managers intensify AI governance oversight to protect portfolio value.
In brief
Pension funds and asset managers intensify AI governance oversight to protect portfolio value. CalPERS and other institutional investors are adding AI governance provisions to proxy voting guidelines to safeguard portfolio value. Originally reported by Nikkei Asia.
CalPERS adds AI provisions
The California Public Employees' Retirement System included AI provisions for the first time in its most recent proxy voting guidelines.
Investors step up AI scrutiny
Pension funds and asset managers worldwide are stepping up scrutiny of how portfolio companies manage artificial intelligence.
Goal: protect portfolio value
They aim to prevent their value from deteriorating by encouraging proxy voting against the election of directors and other methods.
The one thing
CalPERS and other institutional investors are adding AI governance provisions to proxy voting guidelines to safeguard portfolio value.
