Shareholders Press Facebook for Governance Changes – WSJ

Facebook is facing more calls from shareholders to address harm on its platforms and overall governance as the company, now known as Meta Platforms Inc., FB -1.98% responds to pressure from lawmakers and others.

Shareholders, including the New York State Common Retirement Fund and Illinois State Treasurer, are among an investor group that collectively filed eight shareholder proposals for consideration at the company’s annual meeting. The resolutions include calls for board oversight of efforts to reduce harmful content, an assessment of the risk of the company’s metaverse efforts and a review of the social media company’s audit and risk committee, according to the Investor Alliance for Human Rights, an initiative of the faith-based investor group Interfaith Center on Corporate Responsibility.

Shareholders Press Facebook for Governance Changes – WSJ

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