Facebook says all directors elected, shareholder proposals rejected
BOSTON (Reuters) – All eight of Fb Inc’s (FB.O) director nominees had been elected at its annual assembly on Thursday, and all six shareholder proposals urging reforms, together with to its voting construction and content material oversight, had been rejected, firm executives stated.
They didn’t instantly give vote tallies on the annual assembly in Menlo Park, California, which was webcast.
That left unclear to what extent exterior buyers solid ballots in favor of the corporate and Chief Govt Mark Zuckerberg, who with different insiders controls about 60 % of votes on the world’s largest social media community.
Fb has been below scrutiny from regulators and shareholders about its inside controls and oversight after it failed to guard the information of some 87 million customers that was shared with now-defunct political knowledge agency Cambridge Analytica.
Zuckerberg on the assembly outlined modifications it plans in response corresponding to verifying the id of promoting and growing safety spending.
Reporting by Ross Kerber; Enhancing by Richard Chang