Facebook’s Independent Oversight Board Won’t Name Members Until 2020

The company committed $130 million to cover operational costs for its first 2 terms

Facebook provided an update on its global independent oversight board for content, which was originally proposed by CEO Mark Zuckerberg last November.

Director of governance and global affairs Brent Harris said in a Newsroom post that it established an independent oversight board trust in order to ensure that the board retains the ability to make independent decisions and recommendations.

Its governance structure was created as a non-charitable purpose trust under Delaware law, and the company released its trust agreement and LLC operating agreement, which will be used to finalize contracts with board members and staff, separate from Facebook.

That staff will be independent from Facebook, and the company said it expects to start with a director, case managers and dedicated staff members for support in areas such as communications, legal, human resources and research.




Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in