Facebook board has to look past Mark Zuckerberg for reform | Nils Pratley

World's eighth largest firm needs governance structure to provide better oversight than its founder

The most revealing answer given by Mark Zuckerberg on Wednesday was his shortest. Asked if Facebook's board had discussed whether he should step down as chairman, a move that would still leave him as chief executive, he replied: "Not that I'm aware of."

It's probably safe to assume Zuckerberg would have known about any such discussions among his fellow directors, so take his answer to mean: no, Facebook's board has heard the calls for the appointment of an independent chair, from New York City's pension fund for example, and decided to ignore them.