Meta investors are sick of the scandals and want more 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 worker picks up trash in front of the new logo in front of Meta’s headquarters on October 28, 2021, in Menlo Park, Calif. (credit: Justin Sullivan/Getty Images)

After a year of stunning and damning revelations, Meta, formerly Facebook, is facing calls from investors to allow an independent assessment of the company’s audit and risk oversight committee.

Investors and a public interest nonprofit have sent a letter to Meta’s corporate secretary requesting that its proposal be included in the company’s annual proxy to be voted on by shareholders. 

“Shareholders request the board commission an independent assessment of the Audit and Risk Oversight Committee’s capacities and performance in overseeing company risks to public safety and the public interest and in supporting strategic risk oversight on these issues by the full board,” says the letter, which was obtained by Axios.

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