Saturday, 31 March 2012

Institutional Shareholder Services-Board Of Directors-Share Structure-Accountability

Proxy adviser ISS slams Facebook share structure

(Reuters) - Facebook diminishes shareholder rights with its dual-class share structure and limits the accountability of its board of directors to investors, proxy advisory group Institutional Shareholder Services said on Monday. It is unclear how much the criticism will affect investors' willingness to park their cash in the fast-growing social networking company, which filed registration papers earlier this month for what is expected to be the largest initial public offering in Silicon Valley history. ... read more..

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