Company: BRK-A
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001193125-25-054877
Chunk: 39

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 39
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-Financing-Report-Summary-2023.pdf 19

For the foregoing reasons, the Board recommends that our shareholders vote against this proposal. Proxies given without instruction will be voted AGAINST this shareholder proposal.

| 8. | SHAREHOLDER PROPOSAL |

Tulipshare Capital LLC, owner of shares of Berkshire Common Stock with a value in excess of $25,000 for at least one year intends to present for action at the meeting the following proposal. RESOLVED:Shareholders request that Berkshire charter a new committee of independent directors on Artificial Intelligence (“AI”) to address risks associated with the development and deployment of AI systems across its own operations, portfolio companies, and new investments. The committee charter shall authorize the committee to meet with employees, customers, suppliers, and other relevant stakeholders at the discretion of the committee, and to retain independent consultants and experts as needed. Supporting Statement:Shareholders support the responsible use of AI to drive growth, improve efficiency, and maintain competitiveness within Berkshire and its portfolio. However, AI technologies also pose regulatory, societal, and human rights risks that require proactive management. The White House Office of Science and Technology Policy’s ethical guidelines for AI stress the importance of safety, transparency, algorithmic fairness, and human oversight, 53and the National Institute of Standards and Technology established a “Risk Management Framework” outlining a proper approach to AI risk which evaluates harm to people, organizations, and ecosystems 54-all of which are increasingly relevant as AI usage expands across industries. AI systems, if not responsibly governed, can cause significant harm, as seen when Amazon, Berkshire’s portfolio company, scrapped a biased hiring tool 55and Alexa spread false claims about the 2020 US election, highlighting risks to fairness, public trust, and democracy. 56In 2024, Glass Lewis and ISS supported a shareholder proposal to Apple, another Berkshire portfolio company, arguing that improved transparency would allow shareholders to better evaluate the risks associated with the use of AI and would not be overly burdensome on the company. 57 Berkshire’s substantial investments in AI-drivencompanies amplify the need for strong governance. As Warren Buffett has warned, the irreversible nature of AI development demands robust oversight to mitigate significant risks associated with its misuse and a lack of understanding. 58Without it, Berkshire risks falling behind in a rapidly evolving market, especially as institutional investors like Norges Bank publicly set its expectations regarding governance of AI by its portfolio companies, 59and Legal & General Investment Management has also promulgated its expectations for AI adoption