Artificial intelligence is the single-largest area that boards have devoted time to in the last year, but at the same time, only a handful of public company boards have included AI in their committee charters.
Of the Russell 3000, only 24 committee charters made mention of AI or related keywords in 2023 and 2024, according to data from public company intelligence provider MyLogIQ. All but four of these mentions were in audit committees.
Indeed, data from MyLogIQ shows that AI has been increasingly divulged in SEC filings.
So far in 2024, there were 547 SEC filings discussing AI in the S&P 500, up from 451 in 2023 and 338 in 2021.
The SEC has noticed this swell and said it is watching closely. Chair Gary Gensler said excessive disclosures on AI could amount to “AI washing.”
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