Facebook board proposes to limit Zuckerberg’s control

Facebook CEO Mark Zuckerberg. (AP Photo)
Facebook Inc’s board has proposed removing Mark Zuckerberg’s majority voting control in the event of the social media giant’s chief executive and founder deciding to exit management at some point in future.
In a proxy filing on Thursday with the US Securities and Exchange Commission, Facebook’s board said it will ask shareholders to vote on a proposal that would convert Zuckerberg’s Class B shares into Class A shares if he is