Big Proxy Adviser Iss Does Not Support Facebooks Zuckerberg In Proxy Vote

Big Proxy Adviser Iss Does Not Support Facebooks Zuckerberg In Proxy Vote

BOSTON - Top proxy adviser Institutional Shareholder Services on Wednesday recommended Facebook Inc investors withhold support from five directors in

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BOSTON – Top proxy adviser Institutional Shareholder Services on Wednesday recommended Facebook Inc investors withhold support from five directors including Chief Executive Mark Zuckerberg and vote in favor of shareholder proposals aimed at improving the social media company’s response to problems like election interference and harassment.

Facebook has come under scrutiny over the way it handles personal data after revelations that British consultancy Cambridge Analytica, which worked on Donald Trump’s 2016 presidential election campaign, improperly accessed the Facebook data of 87 million users.

In its report the influential adviser known as ISS wrote that Facebook “has been somewhat responsive during the controversy, but shareholders should continue to closely monitor data privacy issues.”

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