APRIL 2026 | 29 THE OKLAHOMA BAR JOURNAL Statements or opinions expressed in the Oklahoma Bar Journal are those of the authors and do not necessarily reflect those of the Oklahoma Bar Association, its officers, Board of Governors, Board of Editors or staff. on vendor standard terms and should coordinate AI contract terms with internal governance policies to prevent any breaches of fiduciary duties. Essentially, regularly counseling corporate clients on the responsible use of AI is the primary safeguard in a no-statute environment. CONCLUSION Oklahoma corporate law is technologically neutral and inherently adaptable. The use of AI does not create new fiduciary duties – instead, it merely changes how existing fiduciary duties are fulfilled. Thanks to Oklahoma’s preexisting corporate statutes and case law, in the absence of a corporate AI statute, corporate lawyers already have the tools to confidently advise clients on their rights and responsibilities when using AI. Author’s Note: The information provided in this article is for general informational purposes only and does not constitute legal advice. Lawyers are reminded that ethical obligations regarding the use of AI apply equally to themselves as they do to their clients. As a best practice, lawyers must safeguard the privacy and confidentiality of client information and remain informed about relevant technological advances as standards for AI use in legal practice continue to evolve. ABOUT THE AUTHOR Mikha R. Slone is an associate attorney in the Oklahoma City office of Steptoe & Johnson PLLC. Her practice focuses on mergers and acquisitions, and she is licensed to practice law in Oklahoma and Louisiana. ENDNOTES 1. This title was crafted by ChatGPT. Additionally, this article was drafted with the assistance of ChatGPT for initial structuring and brainstorming. 2. “A member of the board of directors, or a member of any committee designated by the board of directors, in the performance of his duties, shall be fully protected in relying in good faith upon the records of the corporation and upon such information, opinions, reports or statements presented to the corporation by any of the corporation’s officers or employees, or committees of the board of directors, or by any other person as to matters the member reasonably believes are within such officer’s, employee’s, committee’s, or other person’s competence and who have been selected with reasonable care by or on behalf of the corporation.” Oklahoma Statutes, Title 36, Section 2608.1(D). 3. “When applying the business judgment rule, courts presume that in making a business decision the directors of a corporation acted on an informed basis, in good faith and in the honest belief that the action taken was in the best interests of the company and its shareholders. Whenever any action or inaction by a board of directors is subject to review according to the traditional business judgment rule, the issues before the court are independence, the reasonableness of its investigation and good faith, and when a board refuses a demand, the only issues to be examined are the good faith and reasonableness of its investigation.” Egleston v. McClendon, 2014 OK Civ. App. 11. 4. “Whenever any action or inaction by a board of directors is subject to review according to the traditional business judgment rule, the issues before the Court are independence, the reasonableness of its investigation and good faith.” Id., citing Kurtz v. Clark, 2012 OK Civ. App. 103. 5. United Food & Com. Workers Union & Participating Food Indus. Emps. Tri-State Pension Fund v. Zuckerberg, 262 A.3d 1034 (Del. 2021) (citing Aronson v. Lewis, 473 A.2d 805 (Del. 1984)). 6. Irving L. Faught, Oklahoma Business and Commercial Law, §7.12 (Matthew Bender and Co., 2025). 7. Id. 8. Id. 9. Id. 10. Id. 11. Studies “[p]redict that AI in the finance market will nearly triple by 2028. By automating repetitive tasks, AI financial forecasting improves accuracy, accelerates decision-making, and frees finance teams from manual tasks – positioning CFOs as strategic leaders in a volatile business environment.” “A New Era of Financial Forecasting: AI is Replacing Static Budgets,” The Finance Weekly.
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