Campaign To Ax Facebook's Zuckerberg From Board Grows
Law360 (May 20, 2019, 9:48 PM EDT) -- Proxy advisory firm Institutional Shareholder Services Inc. has joined a growing chorus of voices urging Facebook shareholders to vote next week to block CEO Mark Zuckerberg from serving on the board and to elect an independent chair in the wake of a series of bruising privacy and data misuse scandals.
Pressure has been mounting for institutional investors to oppose the reelection of Zuckerberg to Facebook's board of directors at the social media giant's annual shareholder meeting on May 30. Critics argue that Facebook's failures to protect user data from misuse and disclosure and to stem the spread of hateful and violent rhetoric,...
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