Governance

Labour MP writes to chair amid concerns building societies are overusing quick votes and failing to add members to boardsNationwide is under pressure to address “emerging governance issues” across the building society sector, amid concerns bosses are bundling voting options and failing to allocate board seats for members.The Stockport Labour MP Navendu Mishra has sent a formal letter to the chair of Nationwide, Kevin Parry, outlining growing unease over the way executives, including at Nationwide, have been engaging with members who ultimately own their building societies. A letter raising similar concerns was sent to the chancellor, Rachel Reeves, in recent weeks. Continue reading...

• China is launching a global "AI governance" offensive to challenge U.S. tech leadership, utilizing diplomatic efforts at the United Nations and international summits. • Key initiatives include a September 2025 agreement with ASEAN to establish an AI safety network by 2026 and a joint "AI Plus" action plan to increase regional AI adoption. • In July 2025, China further expanded its influence by launching the China-BRICS AI Development and Cooperation Center during the World AI Conference in Shanghai.

• WISeKey expanded its HUMAN-AI-T initiative into a global movement following its Davos 2026 launch, advocating for ethical AI development and human-centered governance frameworks. • The initiative calls for responsible AI practices with human oversight at the core, addressing growing concerns about autonomous AI systems without adequate ethical safeguards. • WISeKey's movement reflects industry pressure to establish governance standards for AI as deployment accelerates across critical sectors including cybersecurity and finance.

Qarsoq Høegh-Dam aims to use his seat in Danish parliament to shift power from Copenhagen to NuukIt’s not the standard motto for a newly elected parliamentarian, but Qarsoq Høegh-Dam is adamant: if he does his job properly, there will soon be no need for it. “I want to make myself as obsolete as possible,” he said.Last month, Høegh-Dam, a Greenlandic politician, became the first member of the pro-independence Naleraq to be elected to the Danish parliament. The new MP is clear that if all goes to plan, the largely autonomous Arctic territory will be the sole responsibility of the parliament in Nuuk, the island’s capital. And there will no longer be any need for two seats representing Greenland in Copenhagen, its former colonial ruler. Continue reading...

• The American Fintech Council submitted a comment letter to Connecticut's Department of Banking on March 16, 2026, urging a risk-based AI governance framework for financial institutions using AI in credit underwriting, fraud detection, and customer service. • The framework emphasizes oversight tailored to AI use cases, prioritizing data privacy, transparency, and human oversight to support innovation while protecting consumers. • AFC CEO Phil Goldfeder stated, 'Regulatory guidance should recognize that these technologies often enhance existing processes rather than replace them.'