Last month Facebook held a public meeting in California, where 68% of external shareholders voted for appointing an independent director to replace Mark Zuckerberg.
In their opinion, the company’s policy is not strong enough with regard to the user’s personal data.
“Voting has drawn attention to the problem, but probably it will not result in an immediate change of management, because the company has a two-tier system of shares. Under this system, each share that Zuckerberg and the management of the company have is equal to ten votes when making decisions, and the shares held by external shareholders have one vote each. This allows the company to receive investments, but not to disperser control over the company. Due to his stake, Zuckerberg has 58% of the vote in the company”, as The Voice of America writes.
“Zuckerberg can be released only by himself”, observers say.
As reported by The Journalist, Facebook appointed a public policy manager in Ukraine.
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