Facebook intends to strip Mark Zuckerberg of his voting rights.

The board of directors of the world's largest social network, Facebook Inc., has proposed that, in the event of leaving the company, founder and CEO Mark Zuckerberg would convert his shares into non-voting stock – company documents mention this.

As of June 2nd, Zuckerberg owned approximately 4 million Class A shares and approximately 419 million Class B shares. This represents a total of approximately 53.8% of the total voting shares. According to company law and regulations, if Zuckerberg leaves Facebook, he will remain the owner of the shares and retain his voting rights. In the event of Zuckerberg's death, these shares will be passed on to his heirs.

The board of directors proposed removing the rules on the transfer of voting rights in the event that the company's founder leaves.

"The new conditions will ensure that we cannot be a company controlled by the founder," — further explained in the announcement. A vote on this proposal will take place at the annual shareholders' meeting on June 20th.

According to Sputniknews