“In Canada, I think we’ve seen more and more shareholders over the past year or two, and investors are more interested in AI topics,” she said. “At least, many of our clients prioritize the meaning of ethical AI and what it means to investing in companies.”
This idea is reflected in the proposal of the General Employees Union of British Columbia, aiming at the goals of the Thomson Reuters company.
The proposal requires tech companies to modify their AI framework to square with a range of business and human rights principles owned by the United Nations. It gets 4.87% support.
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Government’s AI Code of Conduct Receives Different Responses
Meanwhile, Médac focused its proposal on AI in the Canadian voluntary code of conduct.
The regulation was initiated by the federal government in September 2023 and so far there are 46 signatories, including BlackBerry, Cohere, IBM, MasterCard and Telus. Signatories promised to bake risk-reducing measures into AI tools, use adversarial testing to spot vulnerabilities in such systems, and track any harm to technical reasons.
Director General Willie Gagnon said Médac made recommendations around the code because they lack domestic legislation that they would otherwise advise companies to pay attention, and large companies already support the model.
It issued several companies that have already had AI policies but do not want to sign code.
“Some of them told us that the code was designed primarily for companies that develop AI, but we disagree with that because we saw a group of companies that signed up for code that did not develop any AI,” Gagnon said.
