Meta Platforms, Inc. (META, Financial) has announced a strategic expansion of its Board of Directors, increasing its size to fifteen members. On April 11, 2025, the Board approved the election of Dina Powell McCormick and Patrick Collison as independent directors, effective April 15, 2025. This move is part of Meta's ongoing efforts to strengthen its governance and leadership capabilities.
Both Ms. Powell McCormick and Mr. Collison have been recognized as independent directors under the corporate governance standards of the Nasdaq Stock Market LLC. Their appointments are expected to bring diverse perspectives and expertise to the Board, although their specific committee assignments have yet to be determined.
In accordance with Meta's Director Compensation Policy, both new directors will receive compensation for their roles as non-employee members of the Board. There are no existing arrangements or understandings with other parties that influenced their selection, nor are there any transactions involving Meta in which they have a material interest requiring disclosure.
This expansion reflects Meta's commitment to enhancing its corporate governance framework and ensuring robust oversight as the company continues to navigate the dynamic technology landscape.
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