Boston, MA // April 4, 2018 – Barron’s and the Financial Times recently discussed Trillium’s risk oversight committee shareholder proposal filed at social networking service company Facebook (NASDAQ: FB) in October 2017.
“[Facebook] needs to build a system for meaningful oversight into its DNA, and avoid the constant, reactive, whack-a-mole approach we’ve seen”, said Jonas Kron, Director of Shareholder Advocacy, in response to recent demand from Facebook investors to manage and monitor risks.
The shareholder resolution asks the Company to issue a report discussing the merits of establishing a Risk Oversight Board Committee. Establishing such a committee would foster an integrated, enterprise-wide approach to identifying and managing risk and provide an impetus toward improving the quality of risk reporting and monitoring, both for management and the board.
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