Two activist groups on Monday launched a campaign to oust CEO Mark Zuckerberg from Facebook’s board of directors, arguing his “sweeping” control of the company presents a barrier to civil rights and privacy reform.
Digital civil rights group Color of Change and Majority Action, a corporate accountability organization, told the Securities and Exchange Commission that they will be urging Facebook shareholders to withhold their support for nominating Zuckerberg to the board.
The two groups argue that Facebook’s corporate structure gives Zuckerberg “control without adequate checks,” pointing out that he is CEO and holds 57.7 percent of voting rights in the company.”
Facebook’s tiered governance structure is a threat to the civil rights of its Black users and to the financial interests of its shareholders,” Color Of Change President Rashad Robinson said in a statement. “Lasting change to address the misinformation, discrimination, violent movements and data breaches that put users, especially Black users, at risk cannot subject to the whims of a single person.”