Meta traders are sick of the scandals and need extra oversight

A worker picks up trash in front of the new logo in front of Meta's headquarters on October 28, 2021, in Menlo Park, Calif.

Enlarge / A employee picks up trash in entrance of the brand new emblem in entrance of Meta’s headquarters on October 28, 2021, in Menlo Park, Calif. (credit score: Justin Sullivan/Getty Pictures)

After a 12 months of beautiful and damning revelations, Meta, previously Fb, is going through calls from traders to permit an unbiased evaluation of the corporate’s audit and danger oversight committee.

Buyers and a public curiosity nonprofit have despatched a letter to Meta’s company secretary requesting that its proposal be included within the firm’s annual proxy to be voted on by shareholders. 

“Shareholders request the board fee an unbiased evaluation of the Audit and Danger Oversight Committee’s capacities and efficiency in overseeing firm dangers to public security and the general public curiosity and in supporting strategic danger oversight on these points by the total board,” says the letter, which was obtained by Axios.

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