CalSTRS To Facebook: Expand Board, Add Women
Facebook hasn't gone public yet, but the scrutiny that comes with being a publicly traded company has already started rolling in, with the second-largest U.S. pension fund, the California State Teachers' Retirement System, saying the social network's board of directors is too "homogenous."
Facebook hasn’t even gone public yet, but the scrutiny that comes with being a publicly traded company has already started rolling in, with the second-largest U.S. pension fund, the California State Teachers’ Retirement System, saying the social network’s board of directors is too “homogenous.”
In a letter to Facebook Co-Founder and Chief Executive Officer Mark Zuckerberg, the second-largest public pension fund in the U.S. urged the company to expand its board and, in particular, to remedy the fact that there are currently no female members.
Bloomberg reported that the $144.8
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