Meta institutional investors urge shareholders to vote against re-election of two directors

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A group representing some of Meta Platform’s institutional investors has put forward an initiative urging the company’s shareholders to vote against re-election of board members Mark Anderson and Peggy Alford. “We believe that the lack of independence of board members Peggy Alford and Mark Anderson is undermining the board’s ability to adequately oversee the management team and represent shareholders,” the group, the Association for Shareholder Research and Education, said in a document. The best interests of the company.” Shareholders also urged Meta’s board to implement certain governance reforms, including eliminating the dual-class share structure and separating the functions of chief executive and chairman. (Sina Technology)
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