[will_brown]

It's an interesting question...

Let's assume for purpose of shareholders, I believe Zuckerburg (famously) has majority interest in voting shares.

In practice that should mean he controls who is on the board should they not vote in alignment with his preferences; however, certainly there could be other agreements/contracts the guarantee board seats here and there, that should all be available as a public company I just haven't looked.

At minimum, one would "assume" Facebook required board approval of a $1B+ acquisition.

[basch]

I dont think he needs to consult the board. I think he has a board to bounce ideas off, because he values feedback.