Mark Zuckerberg, chief executive officer and founder of Facebook Inc., speaks during an event at the company's headquarters in Menlo Park, California, U.S., on Thursday, March 7, 2013. Zuckerberg discussed the social-network site's upgraded News Feed which includes bigger photos, information sorted into topics and a more consistent design across devices. Photographer: David Paul Morris/Bloomberg via Getty Images

Several public funds with holdings in Facebook Inc on Wednesday backed a proposal to remove Chief Executive Officer Mark Zuckerberg as chairman.

The proposal, originally bought to the table by hedge fund Trillium Asset Management, is now backed by state treasurers from Illinois, Rhode Island and Pennsylvania. New York City Comptroller Scott Stringer also joined the shareholder proposal.

The proposal is asking Facebook’s board to make the role of board chair an independent position.

Source: Reuters

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