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It seems that the situation has not been good for Mark Zuckerberg since the Cambridge Analytica scandal. In addition to class actions involving Facebook executives, now a group of shareholders who control nearly $ 3 billion in shares are making efforts to overthrow Zuckerberg as chairman and undo the governance structure of the company. business.
Six prominent shareholders worry about how Facebook is managed, which gives Zuckerberg the opportunity to eliminate any proposal with which he does not agree. Although Facebook indicates that it uses a strong and effective governance structure, the fact that Mr. Zuckerberg is president and CEO would cause uncertainty, confusion and inefficiency [19659002]
. is due to the way the business is run; and according to them, the problems have not been addressed properly because Facebook's corporate governance structure means that Zuckerberg is fundamentally untouchable as CEO and President. Among the claims of shareholders are:
- Zuckerberg resign from the post of president and the hiring of an independent executive to take his place.
- Abolition of the two-class shareholding structure of Facebook, because they believe that it concentrates power
In addition, some shareholders request that the committee of Facebook audit earns more – but it was stronger this month, when the company strengthened the
Despite all the buzz, Facebook declined to comment on the controversy surrounding the shareholders.
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