John Letzing and Joann S. Lublin, Reporters, The Wall Street Journal

California Pension Fund Challenges Facebook Over Board

February 7, 2012 at 4:25 pm PT

A large California pension fund has challenged Facebook Inc. over what it sees as a lack of diversity on the company’s board of directors, just days after the social-networking firm filed papers to go public in a closely watched IPO.

In a letter addressed to Facebook Chief Executive Mark Zuckerberg on Tuesday, California State Teachers’ Retirement System Director of Corporate Governance Anne Sheehan wrote that, “We are disappointed that the Facebook board will not have any woman members.”

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Tagged with: board of directors, California State Teachers’ Retirement System, Facebook, IPO, Joann S. Lublin, John Letzing, Mark Zuckerberg, The Wall Street Journal, women

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Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Web Sites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other Web sites, and for clarity’s sake, all outside posts run against a pink background.

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