“Against the backdrop of near constant scandal and increasing challenges to its revenue model, Meta’s failures to meet modern corporate governance standards is unacceptable,” wrote John Harrington, president of Harrington Investments.
April 12, 2022 at 07:34 PM
4 minute read
The original version of this story was published on Corporate Counsel
Describing the risks posed by Meta’s products as “apparent and grave,” some of the company’s shareholders are asking the tech giant to hire an outside, independent law firm to evaluate the company board’s risk and audit committee.
In a proxy statement filed April 8, Meta argued against the shareholder proposal, noting the board already conducts an annual self-assessment of the performance of its directors and committees.
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Meta logo on 1 Hacker Way in Menlo Park, California. Credit: Michael Vi/Shutterstock.com
