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Board Governance

All articles tagged with #board governance

Court orders Kennedy Center renovation details be shared with board before pivotal vote
politics4 hours ago

Court orders Kennedy Center renovation details be shared with board before pivotal vote

A federal judge ruled that Rep. Joyce Beatty, an ex-officio Kennedy Center board member, must be given access to documents related to President Trump's plan to close and renovate the Kennedy Center, ahead of a key Monday board vote. While the judge suggested the ex-officio voting rule may be void, he did not grant Beatty an automatic vote that day; instead, he allowed her to raise objections on the record as the process proceeds and emphasized that significant transparency is required for a decision of this scale.

Paramount Steps Up Bid, Aims to Shake Up Warner Bros. Discovery Board
business2 months ago

Paramount Steps Up Bid, Aims to Shake Up Warner Bros. Discovery Board

Paramount escalates its bid for Warner Bros. Discovery by announcing plans to nominate directors to WBD’s board and filing a lawsuit to obtain more information on Netflix’s higher-valued deal; Warner Bros. Discovery contends Netflix’s bid is superior for shareholders due to less debt, while Paramount seeks a bylaws change to require shareholder approval before breaking up the cable unit. The fight has spilled into political and regulatory arenas as it unfolds in boardrooms and courtrooms.

OpenAI Board Reportedly Unaware of ChatGPT Launch Until Twitter Announcement
technology1 year ago

OpenAI Board Reportedly Unaware of ChatGPT Launch Until Twitter Announcement

Former OpenAI board member Helen Toner revealed that the board was unaware of the ChatGPT launch until it was announced on Twitter, criticizing CEO Sam Altman for withholding information and misrepresenting facts. Toner’s comments follow her critique of OpenAI’s governance and highlight ongoing controversies, including Altman’s abrupt firing and reinstatement, and recent departures of safety researchers. An independent review found the firing was due to a breakdown in trust between Altman and the previous board.