Saturday, August 8, 2020
Home Lead Story Facebook Commits $130 mn to Build Global Oversight Board for Ensuring Accountability

Facebook Commits $130 mn to Build Global Oversight Board for Ensuring Accountability

Facebook intends to continue funding the board's operations in the future, and these reports will be used to assess the need for additional, substantive and long-term funding

Facebook has made an initial commitment of $130 million to build a global oversight board that will ensure good governance and accountability across its services and platforms.

The initial funding will cover operational costs such as office space, staff and travel expenses and should allow the board to operate for at least its first two full terms, approximately six years, Brent Harris, Director of Governance and Global Affairs at Facebook, said in a statement.

The board will submit a yearly budget to the trust for approval and disbursement of funds.

Annual reports from the board and trust will help to document the health and effectiveness of the board, including its stewardship of these resources.

Facebook intends to continue funding the board’s operations in the future, and these reports will be used to assess the need for additional, substantive and long-term funding.

Last November, Mark Zuckerberg wrote about his vision for what content governance should look like for Facebook.

Facebook said it has established the independent Oversight Board Trust to ensure the board can safeguard its ability to make independent decisions and recommendations.

Facebook
Facebook has made an initial commitment of $130 million to build a global oversight board that will ensure good governance and accountability across its services and platforms. Pixabay

“The board will have its own staff, independent from Facebook. To start, we expect this staff to include a director, case managers and dedicated staff members (or contracted services) who can support things such as the board’s communications, legal, human resources and research needs,” said Harris.

ALSO READ: Google Maps Captures Over 10 mn Miles of Street View Imagery

In addition, said Facebook, it will continue to work with outside experts to source and review candidates for board membership, including those who’ve been recommended through the public portal, which we opened in September.

“We are eager to see the Oversight Board take shape and start hearing cases next year,” said Facebook. (IANS)

STAY CONNECTED

18,960FansLike
362FollowersFollow
1,781FollowersFollow

Most Popular

Richa Chadha Pleased to see Volunteers Working for Elderly Amid Pandemic

Actress Richa Chadha points out senior citizens need extra care and attention amid the ongoing Covid-19 pandemic. She recently interacted with volunteers of foundations...

Bhagavad Gita: Here is the Collection of Sanskrit Verses from Dhyana Yoga

The Yoga of Meditation uncovered by Krishna is arranged in sixth Chapter, Dhyana Yoga of Bhagavad Gita. Sri Krishna uncovers the Yoga of Meditation...

Facebook Produces 600 Homes, 70% Reserved for Low-Income Residents

Facebook has produced and preserved approximately 600 affordable homes near its headquarters in Menlo Park, California, of which roughly 70 per cent are reserved...

Google, IBM, Microsoft AI Datasets Show Gender Bias

Revealing another dark side of trained Artificial Intelligence (AI) models, new research has claimed that Google AI datasets identified most women wearing masks as...

This Year Has Been a Wake-Up Call for Us: Bhumi Pednekar

This year has been a wake-up call for us, and if we do not work towards maintaining a balance, our cities will continue to...

Anushka Sharma: Watching Movies Doesn’t Always Help You Understand Them Better

Actress Anushka Sharma says watching films does not always help understand the medium better, and that experiences in life help add value to storytelling,...

Sadhguru: Youth is the Most Alive, Idealistic, and Energetic

Spiritual leader and author Sadhguru believes in the potential of the youth. "Youth has enormous potential. If we can inspire them to identify with humanity...

Increase in Deforestation in Brazilian Amazon Causes Massive Forest Destruction

Deforestation in the Brazilian Amazon increased 34.5 per cent between August 2019 and July 2020, with a total of 9,205 square km of forest...

Recent Comments