OpenAI Board Confirms Altman and Brockman’s Leadership Following Independent Review

Open AI banner and a review sign

The Special Committee of the OpenAI Board has announced the completion of the independent review into November’s events, expressing full confidence in Sam Altman and Greg Brockman’s ongoing leadership of OpenAI. The review, conducted by WilmerHale, evaluated various corporate actions and concluded that the prior Board’s decision to remove Altman and Brockman arose from a breakdown in trust, rather than concerns over product safety or financial matters.

A Breakdown of Trust

The Special Committee of the OpenAI Board has concluded an independent review into November’s events, affirming their confidence in Sam Altman and Greg Brockman’s leadership. The review, conducted by WilmerHale, evaluated various corporate actions and concluded that the prior Board’s decision to remove Altman and Brockman arose from a breakdown in trust, rather than concerns over product safety or financial matters.

Bret Taylor, Chair of the OpenAI Board, stated, “We have unanimously concluded that Sam and Greg are the right leaders for OpenAI.” The decision underscores the Board’s commitment to stability and continuity in OpenAI’s leadership.

Still Just Getting Started

The review process involved extensive document review, interviews with key stakeholders, and evaluation of corporate actions. WilmerHale found that while there was a breakdown in trust between the prior Board and Altman, his conduct did not mandate removal. Additionally, the prior Board’s decision was made without adequate notice or opportunity for Altman to address their concerns.

Reacting to the Board’s decision, Greg Brockman expressed gratitude, stating, “We started OpenAI out of my apartment eight years ago. And we’re still just getting started.” Altman, reinstated as CEO, will also rejoin the OpenAI Board of Directors.

Three New Board Members

In a move towards expansion and bolstering governance, the Board announced the election of three new members: Dr. Sue Desmond-Hellmann, Nicole Seligman, and Fidji Simo. These appointments bring diverse experience in technology, nonprofit, and board governance, aligning with OpenAI’s mission of inclusivity and innovation.

Furthermore, the Board adopted enhancements to OpenAI’s governance structure, including new corporate governance guidelines, a strengthened Conflict of Interest Policy, and the creation of a whistleblower hotline. These measures aim to enhance transparency and accountability within the organization.

Vision to Advance Open AI

The Special Committee expressed appreciation for WilmerHale’s thorough review and thanked current and former Board members, advisors, and employees for their cooperation. With the review concluded, the Board looks forward to advancing OpenAI’s mission of stewarding transformative technologies for the global good under Altman and Brockman’s leadership.

In a reaction to the appointment of the new board members, Open AI CEO Sam Altman said,

 “I’m very happy to welcome our new board members: Fidji Simo, Sue Desmond-Hellmann, and Nicole Seligman, and to continue to work with Bret, Larry, and Adam.”

A Resilient Team

Altman praised the team’s resilience, highlighting it as “a great OpenAI skill” and thanked specific individuals for their leadership and partnership. He specifically mentioned Mira and Greg, acknowledging their significant contributions to the organization’s success, stating, “Being in the trenches always sucks, but it’s much better being there with the two of them.”

This decision marks a pivotal moment for OpenAI, reaffirming its commitment to excellence, transparency, and the pursuit of artificial general intelligence for the benefit of humanity.

Author: Grace

Grace likes gardening. She holds some BTC and ETH.