Bloomberg BNA: Facebook 'sorely' needs independent board chair, investors say

A group of Facebook Inc. investors is asking chief executive officer Mark Zuckerberg to give up his dual role as chair of the company’s board. Independent board leadership is “sorely needed” in the wake of Facebook’s plan to issue a new class of shares that would allow Zuckerberg to keep control of the company while fulfilling a philanthropic pledge, according to a proposal submitted by shareholders who are members of the consumer watchdog SumOfUs.

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