[ad_1]
Facebook founder Mark Zuckerberg could lose his position as president of the firm.
According to Business Insider, a Facebook investor has come up with a new proposal to oust Mark Zuckerberg as president, 10 months before the next shareholder meeting of the social network giant.
ALSO READ:
Facebook represses fictitious messages inciting violence
The proposal, which reflects the deep sentiment of Facebook investors that governance changes are essential, was drafted by Trillium Asset Management, which manages about $ 11 million worth of badets. Facebook actions.
It was filed a few hours before a sharp update of Facebook's second quarter results on Wednesday, which caused the stock price to fall by nearly 24 percent, wiping out up to 148. billions of dollars in value.
Trillium's proposal, if it were informed by investors, including Facebook's own direction, would force the company to appoint an independent chairman, thereby breaking the dual role of CEO and chairman of Zuckerberg.
"A CEO who also serves as chairman may exercise undue influence over the board and its program, thereby weakening management oversight by the board of directors," the proposal says.
Avoid false news! Subscribe to the standard SMS service and receive factual news and verified in real time. Text the word & # 39; NEWS & # 39; to 22840
"The separation of the positions of president and chief executive reduces this conflict, and an independent president ensures the clearest separation of powers between the CEO and the rest of the board."
Would you like to be published on Standard Media's websites? You can now send us news, article ideas, articles of interest or interesting videos on:
[ad_2]
Source link
