aPortfolio Project4503

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Auburn University *

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Business

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Feb 20, 2024

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Portfolio Project Josue Oreste Bryant & Stratton College BUSS450 – Strategic Management P. Savinelli February 3, 2024

Basic information The company that my team and I will evaluate is Facebook Inc, which is now known as Meta Platforms. Meta Platforms, the parent company of Facebook, is an American online social media platform and social network service. It was established in 2004 by Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz, and Chris Hughes (Hall, 2024). Facebook is a free application that you can download on your IOS or Android device. Facebook, also known as Meta, is a social media platform where you can create a profile about yourself and share it with your friends and family, also you can share photos, videos, and articles, join groups, and participate in events. Timeline, a section on each user's profile page where users may upload content and friends can leave messages, is one of the many features of the website. Facebook has transformed beyond being merely a space for connecting with friends and family, it has also become an essential tool for businesses (Team, 2023). Facebook gives a lot of small businesses an opportunity to advertise their businesses, and this is a platform that has 3.05 billion monthly active users and 2.09 billion daily active as of 2024.

NAME Internal/External Year Title Job Responsible Mark Zuckerberg Internal 2004 Founder, Chairman and Chief Executive Officer Mark is responsible for setting the overall direction and product strategy for the company. He leads the design of Meta's services and development of its core technology and infrastructure. Sheryl Sandberg Internal 2008 Chief operating officer oversees Facebook's business operations including sales, marketing, business development, legal, human resources, public policy and communications. Peggy Alford Internal 2019 Audit committee and privacy committee. The accounting and financial reporting processes of the Company and the audits of the financial statements of the Company, the Company’s internal audit function, Marc L. Andreessen Internal 2008 Compensation, Nominating & Governance Committee identifying, evaluating, and, in its sole authority, recommending

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potential candidates for nomination to and membership on the Board and certain of its committees, including the Privacy Committee Andrew W. Houston Internal 2020 Compensation, Nominating & Governance Committee reviewing, assessing and making recommendations to the Board regarding non- employee director compensation; and making recommendations to the Board regarding its remaining responsibilities relating to executive compensation Nancy Killefer 2020 Chair of the Privacy Committee The Privacy Committee of the Board of Directors of Meta Platforms, Inc. through delegation from the Board, has principal responsibility to assist the Board with respect to privacy and data use matters,

including overseeing: Robert M. Kimmitt Internal 2020 Lead Independent Director Approve or reject management’s selection of the proposed Designated Compliance Officer(s), and make determinations as may be necessary or appropriate regarding the removal of any Designated Compliance Officer, who may be removed only by an affirmative vote of a majority of the Committee. Tracey T. Travis External 2020 Chair of the Audit & Risk Oversight Committee Significant financial matters of the Company, including tax policies, planning and compliance, treasury policies, and share repurchases, and certain risk exposures of the Company. Tony Xu Internal 2022 Member of the Compensation, Nominating & Governance Committee advising the Board on corporate governance matters and Board performance matters, including

recommendations regarding the size, structure and composition of the Board and its committees. Facebook, also known as Meta, mission statement is “to give people the power to build community and bring the world closer together (Meta Inc, 2022).” I believe this is a good mission statement because Facebook has grown tremendously through out these years. There’s so much that Facebook allows you to do on their platform. I use Facebook often and I’m able to see and communicate with my family and friends in any part of the world. In Facebooks mission statements its states what the mission of the platform will bring to people, and I can say that Facebook gave me the opportunity to do a lot for my community. Facebook vision statement states “People use Facebook to remain in contact with loved ones, to learn what's going on in the world, and to communicate and convey what is important to them (Edrawsoft, 2024).” This is also a good statement made by Facebook, not only this is a social networking site, Facebook allows you to express your feelings and it can be seen from anyone around the world. Also giving you the ability to stay in contact with friends and family you probably don’t see. In addition, Facebook has a large board of directors’

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References Chen, J. (2023, August 18). Board of directors: What it is, what its role is . Investopedia. https://www.investopedia.com/terms/b/boardofdirectors.asp#:~:text=A%20board%20of %20directors%20(BofD,have%20a%20board%20of%20directors . Hall, M. (2024, January 16). Facebook. Encyclopædia Britannica. https://www.britannica.com/topic/Facebook Team, P. (2023, November 29). What is Facebook? embrace and discover a world of10 interaction opportunities: ProfileTree. ProfileTree Web Design and Digital Marketing. https://profiletree.com/what-is-facebook/ Edrawsoft. (2024). Facebook mission and vision statement analysis . https://www.edrawmind.com/article/facebook-mission-and-vision-statement-analysis.html Resources - Meta Investor Relations - Facebook . Meta Investor Relations. (2022). https://investor.fb.com/resources/default.aspx

members, and each of these members have a specific job that they do that helps Facebook run smoothly. “ A board of directors is the governing body of a company, whose members are elected by shareholders to set strategy, oversee management, and protect the interests of shareholders and stakeholders(Chen, 2023).”

aPortfolio Project4503

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