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Fortune
Fortune
Lila MacLellan

OpenAI made 5 huge governance missteps—here’s what boards can learn from its error

(Credit: Alex Wong—Getty Images)

Former OpenAI CEO Sam Altman was unceremoniously fired last week, in a surprise move that set off a weekend of public outcry and dramatic news developments. After early reports that Altman would rejoin the company, Microsoft, which was a major OpenAI investor, announced in the early hours of Sunday morning that Altman would be joining that company instead. 

The saga continues, but one thing’s for sure: The Altman implosion has proven to be a “massive wake-up call” about the importance of corporate governance in the tech world, according to Evan Epstein, executive director of the Center for Business Law and an adjunct professor of law at UC Law San Francisco.

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