Jan 7 (Reuters) - A Berkshire Hathaway ( BRK/A )
shareholder wants a committee of independent directors to
oversee risks associated with artificial intelligence at the
dozens of companies in Warren Buffett's conglomerate.
Tulipshare, an activist investor group based in London, said
on Tuesday it submitted a shareholder resolution for Berkshire's
annual meeting on May 3 to create the committee.
It said improper use of AI could result in data leaks,
privacy intrusions, business disruptions and human-rights
abuses, and that Berkshire's influence in many industries gives
Buffett's company a unique opportunity to be a leader in AI
governance.
Berkshire did not immediately respond to a request for
comment. Tulipshare did not immediately respond to requests for
additional comment.
At Berkshire's annual meeting last May, Buffett told
shareholders he knew nothing about AI but did not deny its
importance, saying it had "enormous potential for good and
enormous potential for harm."
Buffett recently owned 14.4% of Berkshire's stock but
controlled 30.2% of Berkshire's voting power, making it
difficult for shareholder proposals to pass without his support.
He and other directors routinely oppose issuing reports or
creating independent board committees to review Berkshire's
operating businesses, citing the decentralization that lets the
businesses operate largely without interference from the top.
A proposal last year to have independent directors oversee
safety at Berkshire's BNSF railroad drew just 3.6%
support from shareholders.
Berkshire also owns Geico car insurance, Berkshire Hathaway
Energy, Brooks running shoes, See's Candies, and a variety of
industrial, chemical and other retail businesses.
The Omaha, Nebraska-based company also invests in stocks
such as Apple ( AAPL ) and Amazon.com ( AMZN ), which Tulipshare
said it also owns.
Buffett, 94, has run Berkshire since 1965.