 "Facebook CEO Mark Zuckerberg holds a pair of the touch controllers for the Oculus Rift virtual reality headsets on stage during the Facebook F8 conference in San Francisco, California. Photo: Reuters")
A group of shareholders are pressurising Facebook Chief executive Mark Zuckerberg to give up his position as chairman of the board.
A proposal moved by them says that Zuckerberg performing two roles weakens corporation’s governance and can harm shareholder value.
The proposal was led by SumOfUs, an online campaign platform which it claims is committed to curb the growing power of corporations.
A statement released by them said: "In our view, shareholder value is enhanced by an independent board chair who can provide a balance of power between the CEO and the board and support strong board leadership. Independent board
