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OpenAI pledges improved governance structure following Sam Altman's ouster

Mar 09, 2024 - businessinsider.com
OpenAI has reinstated Sam Altman as CEO following an external investigation into his leadership, which was initiated after he was temporarily removed from the company in November. The probe was conducted by law firm WilmerHale, and while the full report was not released, OpenAI's board expressed full confidence in Altman's leadership. The company is also implementing improvements to its governance structure, including new corporate guidelines, a strengthened conflict of interest policy, a whistleblower hotline, and additional board committees.

In response to criticism about lack of diversity, OpenAI announced the addition of three women to its board: Sue Desmond-Hellmann, former CEO of the Bill and Melinda Gates Foundation; Nicole Seligman, former EVP and Global General Counsel of Sony; and Fidji Simo, CEO and Chair of Instacart. These new members join existing board members Adam D'Angelo, Larry Summers, Bret Taylor, and Sam Altman. The expansion of the board is seen as a positive step, providing more oversight of the company's leadership.

Key takeaways:

  • OpenAI's board of directors has expressed full confidence in Sam Altman's leadership following an external probe into his leadership style, conducted by law firm WilmerHale.
  • OpenAI is implementing improvements to its governance structure, including new corporate guidelines, a strengthened conflict of interest policy, a whistleblower hotline, and additional board committees.
  • The company has faced criticism for lack of diversity on its board, and in response, has announced the addition of three female members: Sue Desmond-Hellmann, Nicole Seligman, and Fidji Simo.
  • These new board members have extensive experience in leading global organizations and navigating complex regulatory environments, and their addition is seen as a positive step towards keeping Altman's leadership in check.
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