Blog
When the Story Gets Ahead of the Foundation
A founder’s note on the danger of letting a persuasive story outrun the foundation an institution has actually built.
Boards Are Driving AI Faster Than They Understand It
BCG’s May 2026 survey of 625 global leaders reveals 61% of CEOs say boards are rushing AI transformation they don’t yet understand, while 75% of CEOs are the sole AI decision-maker. Audit committee chairs have a Caremark exposure to address before proxy season ends.
The SEC Just Abandoned Rule 14a-8: Boards Now Bear Full Liability for Shareholder Proposal Exclusions
The SEC suspended Rule 14a-8 no-action letter reviews in November 2025, forcing boards to make shareholder proposal exclusion decisions alone. Five lawsuits have already been filed challenging 2026 exclusions, with shareholders winning in three cases. Boards now bear full liability for these decisions.
The Fiduciary Duty Trap: Why Boards’ AI Oversight Gaps Are Now Legal Liabilities
Directors now face unprecedented fiduciary liability for AI governance failures. Courts have shifted from accepting generalized technology oversight to demanding concrete knowledge of specific AI systems, documented risk assessment, and accountable governance architecture. Boards that approve major AI investments without establishing mandatory control frameworks are admitting breach of fiduciary duty.