MARK ZUCKERBERG TO LOOSE SEAT AS FACEBOOK CHAIRMAN IN MAY 2019
Following the mishandled of several high-profile scandals on facebbook,the Shareholders are of the opinion that Zuckerberg should be remove as Chairman.
Public funds that have shares in Facebook Inc are of the opinion that their should be a proposal to remove the Chief Executive Officer,Mark Zuckerberg as chairman, because of the mishandled several high-profile scandals by the social media giant.
State treasurers from Illinois, Rhode Island and Pennsylvania, and New York City Comptroller Scott Stringer, are all part of the co-filed proposal. Hedge fund Trillium Asset Management, was the one who bought it to the table.
The proposal, is now set to be voted on at the next Facebook’s annual shareholder meeting in May 2019, asking the board to make the role of chairman an independent position.
“Facebook plays an important role in this present day and on the economy. They have a social and financial responsibility to be transparent – that’s why we’re demanding independence and accountability in the company’s boardroom,” Stringer said.
There is no comment yet from Facebook.
Public funds that have shares in Facebook Inc are of the opinion that their should be a proposal to remove the Chief Executive Officer,Mark Zuckerberg as chairman, because of the mishandled several high-profile scandals by the social media giant.
State treasurers from Illinois, Rhode Island and Pennsylvania, and New York City Comptroller Scott Stringer, are all part of the co-filed proposal. Hedge fund Trillium Asset Management, was the one who bought it to the table.
The proposal, is now set to be voted on at the next Facebook’s annual shareholder meeting in May 2019, asking the board to make the role of chairman an independent position.
“Facebook plays an important role in this present day and on the economy. They have a social and financial responsibility to be transparent – that’s why we’re demanding independence and accountability in the company’s boardroom,” Stringer said.
There is no comment yet from Facebook.
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