Skip to Content

Color Of Change and Majority Action urge shareholders to vote “no” on Mark Zuckerberg’s nomination to Facebook board of directors at May annual meeting

In exempt solicitation filing, shareholder activists target weak oversight and governance as a barrier to addressing social and political crises threatening shareholders’ long-term financial interest


NEW YORK — Ahead of Facebook’s annual shareholder meeting on May 30, Color Of Change and Majority Action today issued an advisory urging Facebook shareholders to withhold their support for the nomination of Mark Zuckerberg to the board of directors. The groups’ filing argues that Facebook’s insufficient response to cascading risks, including civil rights violations, requires checking the sweeping control that Zuckerberg holds in his joint role of CEO and Chairman with 10-1 voting power. In this year’s proxy statement, the board rejected reforms to corporate governance best practices and opposed all shareholder proposals for improved governance and reporting.

“Facebook’s governance structure is a threat to the civil rights of its Black users and to the financial interests of its shareholders,” says Color Of Change President Rashad Robinson. “We’re encouraged by Facebook’s recent changes that have come as a direct result of pressure from Color Of Change and other civil rights groups because it shows the power of advocacy as a means to shift corporate power. Nevertheless lasting change to address the misinformation, discrimination, violent movements and data breaches that put users, especially Black users, at risk cannot be subject to the whims of a single person. Our 1.5 million members, in partnership with Majority Action, are taking our campaign to Facebook’s institutional investors because shareholder value is threatened by the company’s failure to make fixing civil rights violations an operational priority.”

The filing can be viewed HERE.

Color Of Change and Majority Action’s advisory details why Facebook’s governance needs real change.  From hate speech and discrimination, to paying teens for data access, to the Cambridge Analytica breach, Facebook’s response to serious issues has repeatedly understated problems and avoided adequate solutions, eroding trust. The latest hit comes from the Federal Trade Commission, which will reportedly fine the company between $3 to $5 billion and require additional oversight of  Facebook privacy practices, as part of a settlement with the company over a violation of a 2011 consent decree.

Multiple departures of top executives from Facebook, WhatsApp and Instagram have consolidated Mark Zuckerberg’s control, compounding the inadequacy of its board and governance checks on the CEO and Chair.  While independent holders own most of the company and take the economic risk, Zuckerberg alone can elect or block any director and determine the outcome of any proposal.

Shareholder calls for governance change have been ignored by Facebook’s board. Last year, proposals to allow one-vote per share and allow for a simple majority vote — both efforts to limit concentrated power  — each garnered over 80 percent of independent shares. Thirty-five percent of outside shareholders, including Facebook’s largest outside shareholder, Vanguard, withheld votes from re-electing Zuckerberg last year.

“Facebook exemplifies irresponsible corporate governance, and the results have harmed shareholders, vulnerable communities, and public trust alike,” says Eli Kasargod-Staub, executive director of Majority Action. “To date, the company has produced no comprehensive accounting to shareholders of the causes of its failures of governance and oversight, let alone a comprehensive plan to rectify them. Overwhelming majorities of independent shareholders of Facebook have already made clear their desires for stronger oversight through their support of resolutions calling for an independent chair and one-share, one vote. With the near-constant headlines of Facebook’s failures, breaches, and risks, shareholders cannot be assured that the company will adopt the comprehensive reforms needed to restore confidence. The most important action shareholders can now take is to withhold support from Zuckerberg’s re-election to the board.”

In addition to urging shareholders to withhold support from Zuckerberg’s nomination to the board, Color Of Change and Majority Action recommend a vote FOR shareholder resolutions that call on Facebook to:

  • empower holders with equal voting power;
  • adopt an independent chair;
  • require directors in uncontested elections to be elected by holders of a majority of votes cast; and
  • expand transparency by reporting on addressing key risks of content governance; gender pay gap and business structure.

Color Of Change began demanding that Facebook address safety and discrimination on the platform in 2015 and made its first call for a civil rights audit – to comprehensively evaluate its failures – in 2016. Despite repeated high profile incidents and calls from civil rights groups, legislators, and more, Facebook’s response has been insufficient and the problems persist. In November 2018, the racial justice organization successfully pushed Facebook to agree – for the first time ever – to the public release of this audit. Facebook issued a progress report in December 2018 that failed to provide clear timelines for implementation or benchmarks for success to measure accountability. The next phase of the audit is expected to be released in June.


The filing can be viewed HERE.





Facebook Accused of Silencing Millions

National coalition of organizations denounces Facebook’s political advertising policy as restrictive, anti-immigrant, and silencing advocacy by select communities. Los Angeles, CA — A national coalition of organizations representing immigrant, civil and human rights, faith communities, education and technology groups, is denouncing Facebook’s new advertising-buying policy which requires a social security number, a federal ID, and […]

  • social list opener

Color Of Change Weighs in on Yet Another Facebook Breach of Public Trust

For Immediate Release: December 19, 2018 Media Contact: Michelle Morris,, 646.200.5307 Kwame Belle,, 646.517.6796   NEW YORK — In response to New York Times’ story exposing Facebook’s failure to protect users’ privacy, Color Of Change issued the following comment. Color Of Change President Rashad Robinson: The latest development on Facebook allowing third parties […]

  • social list opener
Back to top JasaGol Situs Bola88, Agen Sbobet, Agen Judi Bola Serta Bandar Taruhan Bola Terpercaya Cukup Dengan Menggunakan 1ID anda Bisa Bermain PokerQQ dan BandarQ Online Terpercaya di Indonesia. BONUS yang cukup besar dan menarik untuk dicoba, mulai dari BONUS REFFERAL 20% situs poker online sekaligus agen judi bandarq online terpercaya di indonesia dengan sistem Pelayanan Customer Service dari agen poker ini juga sangat profesional, siap melayani member dengan sabar serta akan membantu anda jika diminati para pemain dan bandar Judi Online. Dengan pelayanan super cepat MahirQQ merupakan situs atau agen judi qq domino yang hadir dan siap melayani Para pemain akan sangat praktis dan juga aman karena Anda semua hanya membutuhkan 1 Akun ID.Selamat bergabung dan bermain di, Situs judi game terlengkap yang pernah ada dari game PokerQQ, BandarQ, DominoQQ, AduQ. situs resmi untuk bermain taruhan online terbaik di situs bola terbesar dengan keluaran pasaran bola paling lengkap di indonesia. BisaQQ merupakan situs terpercaya, judi Domino QQ dan agen bandarq online yang paling terpopuler. LadangQQ Situs Poker Online terbaik karena memiliki sistem keamanan yang sudah sangat canggih serta situs dominoqq KoinQQ adalah Situs penyedia permainan BandarQQ,, Pokerqq, Domino99 yang sudah Terpercaya. hadir dengan performa terbaru, deposit gampang dan withdraw cepat, dengan layanan CS profesional 7/24jam di setiap hari. situs judi bola resmi merupakan bandar bola dengan pasaran bola terlengkap. judi poker online terbesar di indonesia. Kembali lagi bersama amanqq, situs judi online, dan Poker Online paling terpercaya di Indonesia. Situs Agen Poker Online, BandarQ dan DominoQQ Terpercaya di Indonesia. adalah sebuah website judi terlengkap dan profesional Kami adalah situs penyedia Judi Online dan Banda Bola Terpercaya yang menyediakan berbagai macam game judi online adalah situs judi QQ online terpercaya, DominoQQ yang merupakan situs resmi judi ceme qq yang lebih dikenal dengan nama bandarq online merupakan situs judi pokerqq online terpercaya di indonesia yang menyediakan berbagai permainan Liga Merupakan salah satu Website Judi Bola Situs QQ Online, PokerQQ, Terpercaya dan terkenal. adalah website judi kartu online domino99 dan situs poker qq online untuk bermain domino qiu qiu online. adalah situs judi online terpercaya sejak tahun 2015 untuk.. Situs PokerQQ Online Terbaik & Agen BandarQQ Terpercaya, Terkece Se Asia. The King of Betting Online menyediakan jasa pembuatan akun Taruhan Bola, LiveCasino, Togel, Tangkas dan Poker.