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Governance
FACEBOOK INC

Group 1 Members:

SHUDI WANG( 103661502) XIAO WANG(103691875) XIAOYILIU(103691943) LICHAO LI(103665618) SHANSHAN CHEN(103604330) NANXI YE(103476843) JIE ZHAO(1036661052) XIAOCUI ZHU(103683832)

TABLE OF CONTENTS
1. Introduction …………………………………………………………………………………3 2. The attributes of good board………………………………………………………………...4 3. Facebook 's IPO (initial public offering)……………………………………………………..5 4. CEO Compensation………………………………………………………………………….6 5. The Board-Management Relationship……………………………………………………….6 6. Board selection……………………………………………………………………………….8 7. Conclusion …………………………………………………………………………...………9 8. References…………………………………………………………………………………...11

CORPORATE GOVERANCE

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Introduction:
Do you have Face Book yet? Today Face Book has becoming one part of our lives; almost everyone has their own Facebook and work on it every day. Facebook is the world’s largest social network web site, with over than 900 million users. Mark Zuckerberg founded Facebook in 2004 while he was attending Harvard University. The company’s 2012 IPO and valuation of about $100 billion are among the largest in technology history. And Face book is also a social networking Web site which had the largest number of registered users among college-focused sites with over 30 million members worldwide ranked between top 10–20 web sites seventh most visited site in the US.

Social networks such as Facebook can provide a lot of benefits to members of an organization: 1．Connections with peers: The main function of Facebook is to provide connections between friends with similar interests. 2 ． Sharing resources: Many of the popular Facebook applications are used for sharing resources. 3．Web presence: Since November 2007, although Facebook was originally designed for use by individuals, it can also be used as a Web hosting service for an organizational page. During recent years, Facebook has generated a large amount of interest. Much of the interest has arisen since Facebook


References: Major Facebook Announcement Thursday: Facebook Platform, Mashable, 21 May 2007. Retrieve from: http://mashable.com/2007/05/21/facebook-f8 Artshare, Brooklyn Museum Blog, 8 Nov 2007. Retrieve from: http://www.brooklynmuseum.org New Facebook Pages: A Guide for Social Media Marketers, Mashable blog, 3 Mar 2009. Retrieve from: http://mashable.com/2009/03/04/new-facebook-pages Kirkpatrick,D. (2011). The Facebook Effect: The inside story of the company that is connecting the world. New York. NC. Simon and Schuster, 2010. Womack,B (September,2011) Retrieve from: www.bloomberg.com/news/2011-09-20/facebook-revenue-will-reach-4-27-billion-emarkete r-says-1-.html. MacMillan,D.(Feb,2012) Retrieve from: www.bloomberg.com/news/2012-02-07/california-pension-fund-to-engage-with-facebook-o n-governance.html http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=FB http://www.nasdaq.com/symbol/fb/stock-report http://www.forbes.com/sites/tomiogeron/2012/05/17/facebook-prices-ipo-at-38-per-share/ http://dealbook.nytimes.com/2012/05/17/facebook-raises-16-billion-in-i-p-o/ CORPORATE GOVERANCE 11 11
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