Error opening Users & Groups preference pane after macOS Monterey 12.6 upgrade

After macOS Monterey 12.6 upgrade, I got the following error whenever I tried to open the Users & Groups preference pane from System Preferences:

No other information is provided. When I click OK, a blank screen appears.

I am an admin user. I have tried this on another admin user in the system and I got the same error. Restarting the system does not help.

Does anyone have any idea / solution?