Facebook shareholders vote to keep Zuckerberg in control

Zuckerberg, 32, and his wife, Priscilla, pledged to donate 99 percent of their Facebook shares during their lifetime to lend support to causes they believe in, such as personalized learning and curing disease.

“As shareholders, we are very concerned about the governance risks of one person’s vision,” said Christine Jantz, chief investment officer for NorthStar Asset Management.

During the meeting, shareholders approved the company’s nominations to its board of directors, including venture capitalist Peter Thiel.

Thiel’s continued presence on the Facebook board has drawn fire because of his role in financing wrestler Hulk Hogan’s lawsuit against Gawker Media, whose publications have been critical of both Facebook and Thiel, as well as his role as a pledged delegate for presumptive Republican presidential nominee Donald Trump.

At a recent tech conference in Los Angeles, though, Facebook Chief Operating Officer Sheryl Sandberg signaled support for Thiel, saying that independent board members brought different viewpoints, which has value for the company.

Other proposals brought forth by shareholders, including those that called for Facebook to be more transparent about how much money it spends on lobbying and on employee compensation across genders, were not approved.

Facebook did not allow media to attend the shareholder meeting, which was broadcast online in audio only.