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Add a filter on Committee Evidence - CHPC-22
Committee Evidence - CHPC-22
2021-03-29
Anthony Housefather - 11:19
Kevin Chan
2021-03-29 11:20
...More
That is Mark Zuckerberg.
...Less
Facebook Inc.
Federal government
Social networking sites
Lib. (QC)
Anthony Housefather (Mount Royal)
2021-03-29 11:20
...More
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?
...Less
Facebook Inc.
Federal government
Social networking sites
Kevin Chan
2021-03-29 11:20
...More
The majority shareholder is Mark Zuckerberg.
...Less
Facebook Inc.
Federal government
Social networking sites
Lib. (QC)
Anthony Housefather (Mount Royal)
2021-03-29 11:20
...More
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?
...Less
Facebook Inc.
Federal government
Social networking sites
Kevin Chan
2021-03-29 11:20
...More
I haven't checked recently, but I believe it's Mark Zuckerberg and Sheryl Sandberg.
...Less
Facebook Inc.
Federal government
Social networking sites
Lib. (QC)
Anthony Housefather (Mount Royal)
2021-03-29 11:20
...More
You are correct.
Mr. Zuckerberg is also the chairman of the board. Is that correct?
...Less
Facebook Inc.
Federal government
Social networking sites
Kevin Chan
2021-03-29 11:21
...More
I believe that to be true.
...Less
Facebook Inc.
Federal government
Social networking sites
Lib. (QC)
Anthony Housefather (Mount Royal)
2021-03-29 11:21
...More
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?
...Less
Facebook Inc.
Federal government
Social networking sites
Kevin Chan
2021-03-29 11:21
...More
Sir, I'm not privy to that information.
...Less
Facebook Inc.
Federal government
Social networking sites
Lib. (QC)
Anthony Housefather (Mount Royal)
2021-03-29 11:21
...More
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?
...Less
Facebook Inc.
Federal government
Social networking sites
Kevin Chan
2021-03-29 11:21
...More
That is one reason, yes.
...Less
Facebook Inc.
Federal government
Social networking sites
Lib. (QC)
Anthony Housefather (Mount Royal)
2021-03-29 11:21
...More
You're not privy to the unredacted board minutes that would give you this information. Is that correct?
...Less
Facebook Inc.
Federal government
Social networking sites
Kevin Chan
2021-03-29 11:21
...More
I have not asked and I am not privy to them.
...Less
Facebook Inc.
Federal government
Social networking sites
Lib. (QC)
Anthony Housefather (Mount Royal)
2021-03-29 11:21
...More
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?
...Less
Facebook Inc.
Federal government
Social networking sites
Kevin Chan
2021-03-29 11:21
...More
Presumably.
...Less
Facebook Inc.
Federal government
Social networking sites
Anthony Housefather - 11:21
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