The OpenAI saga – governance hallucination?

Overview

IBM defines AI hallucination as “a phenomenon wherein a large language model (LLM) - like generative AI -perceives patterns or objects that are nonexistent or imperceptible to human observers, creating outputs that are nonsensical or altogether inaccurate.”

CEO/Board trust, CEO succession, stakeholder management, staff engagement, PR crisis and existential financial crisis – the OpenAI saga has it all. Was it a failure of the business model and complicated NFP and company structures, was it a failure of the governance structures failing to keep up with the company’s growth or was it just a corporate governance own-goal?

Join experienced technology director and IoD facilitator Melissa Clark-Reynolds CFInstD for a conversation and reflections about the governance lessons we can all take from the most intense 96 (and more) hours in corporate governance that will likely change the future of AI for all of us.

The session will be facilitated by Guy Beatson MInstD, General Manager of the Institute of Directors' Governance Leadership Centre.

Speaker

Melissa Clark-Reynolds

Melissa became a professional director after 25 plus years’ experience as an entrepreneur and CEO of a number of technology companies. She was awarded the ONZM for Services to Technology in 2015 and is currently a director of Atkins Ranch, Alpine Energy Limited and Daffodil Enterprises. She has previously been Chair of Little Yellow Bird, Deputy Chair of Radio NZ, and the first Independent director on Beef and Lamb NZ.

In recent years Melissa has studied at MIT, Cambridge University and Stanford University twice, as well as The Institute for the Future in Silicon Valley. In addition to facilitating for the Institute of Directors, Melissa works with companies to execute transformational strategies through her Futurist Practice FutureCentre.nz

Melissa loves governance because more hearts and minds working together have a better chance of solving wicked problems than one genius on their own.

Guy Beatson

Guy is General Manager, Governance Leadership Centre of the Institute of Directors. He is an experienced senior leader who has worked with public, private and not-for-profit entities in New Zealand, Fiji, Mongolia, Australia and the United States.

His previous senior roles include Deputy Chief Executive, Strategy and Organisation Performance at Te Puni Kōkiri; Deputy Secretary Natural Resources Policy at Ministry for the Environment.

Most recently, he ran his own freelance consultancy practice supporting public sector senior executives and their teams to deliver high quality decision-making, advice and policy implementation. In each of these roles, he engaged on a range of natural resource, environmental and other issues with iwi/hapū and other Māori interests.