Several public shareholders in Facebook backed a proposal on Wednesday, 17 October, seeking to remove founder Mark Zuckerberg as the board chairman, stating that he had “mishandled” several controversies involving the social media network.
According to Reuters, the proposal was tabled in June by hedge fund Trillium Asset Management. It has now been co-filed by the state treasurers from Illinois, Rhode Island and Pennsylvania, and was backed by the New York City Comptroller Scott Stringer.
The proposal reportedly claimed that not having an independent board chair had led to Facebook “mishandling” several controversies such as the Cambridge Analytics data leak and Russian meddling in the US elections, among others.
Speaking to Reuters, Stringer said:
According to an April filing accessed by Reuters, Zuckerberg currently holds about 60 percent voting share.
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