A message for Mark Zuckerberg: Forget the feature-length movie you didn't care for, the profiles flattering and otherwise in virtually every business magazine, online scrutiny of your dietary habits and dissection of your college dorm business deals. You're about to enter the spotlight for real.
Facebook has no shortage of problems with corporate governance, from CEO Mark Zuckerberg's voting majority to the board of directors and share class factors that keep Zuck in control if he loses his majority. So, it's understandable that you might have missed what would normally be a glaring problem in other circumstances: the lack of diversity among board members.
What strikes me as insane about this isn't just the fact that a young, exciting, progressive company hasn't bothered with board diversity. I can't get past the fact that Facebook knows first-hand the importance of women to its future. Specifically one.
The company's COO, Sheryl Sandberg, has been instrumental in turning Facebook into a real and powerful company. She's been called the adult in the room (and for good reason). Sandberg has been instrumental in major deals, such as Facebook's relationship with Wal-Mart.
The value proposition of a diverse board should be painfully obvious to Facebook. I'm stunned that the company has missed the obvious. What do you think? Leave a comment, and let us know.
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Source: Inside Investor Relations
Photo: World Economic Forum
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