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For anybody who didn't (or doesn't want to) click through and read TFA... it's a non-voting, observer board role. If anybody cares about that sort of detail.
Just curious. What type of "stuff" is discussed in a board? I mean, if it is about methods/approaches/techniques that worked well, then msft gets the full insight, or do I miss something?
In theory the board is the collective experience, social, and financial capital to run a company.

I was once on a board so I have limit experience although the dynamics are all there as with any collective of voting and non-voting.

In my case, the board members each had spouses, which of course had no voting rights but because we are human - data leaks, information passes brains, words get spoken and when it came time for decisions - the spouses had influence if not veto over their respective board members.

While MS may not have a vote - they can frown, wink, and nod to their hearts delight.

Also, the board generally governs in private and then makes public announcements. The time between those events is where power is used.

TLDR; Don’t stress guys, no existential risks here, everything is just peachy, we’re all one happy family.

Oh by the way Microsoft will now gently watch over what was our main ethical accountability mechanism.

Existential risks? No such thing, not with Summers on the board.
I just keep thinking back to the genius scene/meme from The Social Network.

"Drop the OpenAI. Just Microsoft. It's cleaner."

Don't AI's eat other AI's? the marlins and the trout!
I wouldn't be surprised if they "drop the Open" within a few years, to be known as "AI."
Unsurprising. It has always been Microsoft's AI division.