Facebook founder Mark Zuckerberg is on a campaign in America to oust him as chairman of the board, weeks after Facebook was hit by the biggest data breach ever seen on a social networking site.
Four US public funds with shares in Facebook proposed Zuckerberg to be removed from his double position as president and CEO, considering the move would improve management and "accountability," the Telegraph said.
The joint proposal was made by the treasurers of Illinois, Rhode Island, Pennsylvania, and New York City auditor Scott Strenger.
They are overseen by pension funds, and the active investor has joined the original asset management company, Trillium Asset Management.
A similar proposal by shareholders failed to seek an independent seat in 2017, as the controlling stake in Zuckerberg makes decisions by shareholders not represented on the board of directors only symbolic.
The current proposal, which will be discussed at the annual general assembly meeting of Facebook in May 2019, asks the board to allocate an independent seat on the board to improve oversight, as is common in other companies.
The proposal cited some controversies that have damaged the reputation of the world's largest social networking network on controversial issues such as the illegal sharing of user information, the publication of false news, and external interference in US elections.
Facebook shares faced a stormy year under pressure to reveal privacy problems, as well as concerns about slower revenue growth.
The stock closed Wednesday at $ 159.42, down 10 percent from the start of the year and well below the current closing high of $ 217.50 on July 25.
Rhode Island Treasurer Seth Majaziner said the new proposal was still worth asking as a way to draw attention to Facebook's problems and ways to solve them.
"This will allow us to impose a debate during the annual meeting, and until then the proposal will be made available to the public," the agency said.
For its part, a spokeswoman for Facebook declined to comment.
