Disney Shareholders to Vote on Proposal About AI Transparency Report at Next Annual Meeting

Shannen Ace

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Disney Shareholders to Vote on Proposal About AI Transparency Report at Next Annual Meeting

At The Walt Disney Company’s next annual meeting, shareholders will vote on a proposal about transparency surrounding artificial intelligence (AI).

Disney Shareholders to Vote on AI Transparency

CEO Bob Iger stands in front of The Walt Disney Company logo. He is wearing a black suit with a white and blue striped shirt and black tie. The image shows him from his shoulders up.

The Securities and Exchange Commission (SEC) determined that Disney must include the proposal from the AFL-CIO Equity Index Funds on their annual proxy statement.

Disney initially intended to exclude the proposal, but the SEC insisted that it “transcends ordinary business matters and does not seek to micromanage the Company.”

The proposal addressed to Disney asks that the Company,

prepare and publicly disclose on the Company’s website a transparency report that explains the Company’s use of Artificial Intelligence (‘AI’) in its business operations and the Board’s role in overseeing AI usage, and sets forth any ethical guidelines that the company has adopted regarding its use of AI.

Disney shareholders will soon vote on the AI transparency proposal. This image features the logo for The Walt Disney Company

Shareholders will vote on whether or not they want a report on Disney’s AI use.

Shareholders request that The Walt Disney Company (the “Company”) prepare and publicly disclose on the Company’s website a transparency report that explains the Company’s use of Artificial Intelligence (“AI”) in its business operations and the Board’s role in overseeing AI usage, and sets forth any ethical guidelines that the company [sic] has adopted regarding its use of AI. This report shall be prepared at a reasonable cost and omit information that is proprietary, privileged, or violative of contractual obligations.

AFL-CIO proposal

AI was a big issue during last summer’s WGA and SAG-AFTRA strikes, with writers and actors alike worried they would be replaced by AI or that their work and faces would be used in AI systems without their permission.

Source: The Hollywood Reporter

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Author

  • Shannen Ace

    Shannen has been a Disney Parks fan and lover of dogs since childhood, despite Pluto's attempt to eat Shannen's Minnie Mouse doll the first time they met. They've made up now. You can email Shannen at shannen@wdwnt.com.

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