Facebook Shareholders Urge Company To Replace Mark Zuckerberg With 'Independent' Board Chair

An anonymous reader shares a VentureBeat report: Facebook is being pressured by a group of shareholders seeking the removal of company chief executive Mark Zuckerberg from the board of the directors. A proposal has been put forward claiming that an independent chairperson would be better able to “oversee the executives of the company, improve corporate governance, and set a more accountable, pro-shareholder agenda.” The idea for Zuckerberg’s board ousting comes from Facebook shareholders who are members of the consumer watchdog group SumOfUs. The organization bills itself as an online community that campaigns to hold corporations accountable on a variety of global issues such as climate change, workers’ rights, discrimination, human rights, corruption, and corporate power grab.

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Source: Slashdot – Facebook Shareholders Urge Company To Replace Mark Zuckerberg With ‘Independent’ Board Chair