From the membership I can't interpret it as anything other than a pure industry council.

An AI safety board would be dominated by representatives of grassroots civil society organisations, maybe some labour unions. Almost all of these are CEOs of large for-profit corporations. Altman fits right in with the rest.

If you want a board that actually deals with AI safety, these are the precise wrong people to put on it.

I doubt it's a safety focused council. It seems rather like a council for economically useful applications. If there's any interest in safety it's in the limited sense of making AI robust enough for these applications.