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Results: 61 - 75 of 546
Kevin Chan
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Kevin Chan
2021-03-29 11:20
That is Mark Zuckerberg.
View Anthony Housefather Profile
Lib. (QC)
Mr. Chan, Facebook is a closely held public company. That's because there is one individual who controls the majority of the voting shares.
Who is that person?
Kevin Chan
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Kevin Chan
2021-03-29 11:20
The majority shareholder is Mark Zuckerberg.
View Anthony Housefather Profile
Lib. (QC)
As a result of holding the majority of shares, Mr. Zuckerberg also controls who's on the Facebook board of directors. You currently have nine directors. Seven of them are independent directors and two of them are Facebook employees.
Who are the two Facebook employees who are directors?
Kevin Chan
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Kevin Chan
2021-03-29 11:20
I haven't checked recently, but I believe it's Mark Zuckerberg and Sheryl Sandberg.
View Anthony Housefather Profile
Lib. (QC)
You are correct.
Mr. Zuckerberg is also the chairman of the board. Is that correct?
Kevin Chan
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Kevin Chan
2021-03-29 11:21
I believe that to be true.
View Anthony Housefather Profile
Lib. (QC)
Thank you very much.
Under the corporate governance guidelines published on Facebook's website, the board of directors acts as the management team's adviser.
Mr. Chan, did the board of directors advise Facebook's management team on Facebook's decision to block Australian users from sharing news articles on February 17, 2021?
Kevin Chan
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Kevin Chan
2021-03-29 11:21
Sir, I'm not privy to that information.
View Anthony Housefather Profile
Lib. (QC)
You're not privy to that because you're not on the board of directors and you don't attend the board meetings. Would that be correct?
Kevin Chan
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Kevin Chan
2021-03-29 11:21
That is one reason, yes.
View Anthony Housefather Profile
Lib. (QC)
You're not privy to the unredacted board minutes that would give you this information. Is that correct?
Kevin Chan
View Kevin Chan Profile
Kevin Chan
2021-03-29 11:21
I have not asked and I am not privy to them.
View Anthony Housefather Profile
Lib. (QC)
Mr. Zuckerberg, though, is on the board and he was privy both to what happened at board meetings and to the minutes of those board meetings. Is that correct?
Results: 61 - 75 of 546 | Page: 5 of 37

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