Michigan Business Beat | Olivia Reid, Foster Swift, AI Risks & Business Policy for Companies in 2026

Originally uploaded February 21st, reloaded February 25th. Chris Holman welcomes Olivia Reid, Associate, Foster Swift, Lansing, MI. AI has presented a lot of uncertainties for business owners. Can you describe some of those uncertainties and issues? What are some of the best practices you recommend to business owners to handle these issues? Can you talk a little more about the AI Policies you help business owners put together? » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN’s YouTube: www.youtube.com/@MichiganbusinessnetworkMBN » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/ Olivia Reid is an associate with the Business & Tax practice group in the Lansing office. She assists clients with entity formation, non-profits, corporate governance, employee benefits, business & succession planning, contracts, cybersecurity data privacy, and other day-to-day legal issues facing businesses. Olivia received a Bachelor of Science in Psychology from Michigan State University where she was the Fundraiser Chair for the Empowering Women in Law Executive Board, an organization that fundraises for women’s education and rights, help prepare for the LSAT and law school applications and learn about various career paths in the legal field. Olivia Reid, Associate at Foster Swift in Lansing, discusses the growing legal and operational uncertainties surrounding artificial intelligence for business owners. She outlines key risks including data privacy, intellectual property ownership, employment implications, regulatory compliance, and cybersecurity exposure. Olivia also shares practical best practices for mitigating risk, including internal governance, employee training, vendor review, and documentation standards. The conversation highlights the importance of formal AI policies — what they should include, how they protect organizations, and why proactive planning is critical as AI adoption accelerates.