As part of a kind of voting agreement, shareholders agreed to choose all of their shares in accordance with Mr. Zuckerberg`s instructions and to approve Mr. Zuckerberg as he sees fit on all the issues on which shareholders vote. The following individuals and corporations hold shares of our share capital that are subject to this type of voting rights: ARPI 2, LLC; Matt Cohler and some related companies; Gregory Druckman; Michael Druckman; Richard Druckman; Steven Druckman; The Founders Fund, LP; Glynn`s partner; Hommels Holding GmbH; Adam Moskovitz; Dustin Moskovitz and some related companies; Nancy and Richard Moskovitz and some related companies; Sean Parker and some related companies; Cara and Robert Scudder; Silicon Valley Community Foundation; Some companies linked to Technology Crossover Ventures; Valiant Capital Opportunities, LLC; vhPI 2, LLC. With the exception of 232,542,558 Class B common shares subject to the provisions of a voting reserve until Mr. Zuckerberg`s death, the shares would be sold, sold, remissioned, discounted, sponsored or otherwise taxed by an investor after the conclusion of our IPO, the shares will no longer be subject to the provisions of the voting right. Voting agreements on 42,245,203 shares of our Class A common stock and 215,919,085 shares of our Class B common stock end when Mr. Zuckerberg is no longer active in the management of the company. A voting trust agreement is a contractual agreement that covers the transfer of shares from a shareholder to an agent. The agreement gives the agent temporary control of shareholder voting rights.
Voting Trusts are managed by the current directors of the company AdministrationThe board of directors is essentially a body composed of people elected to represent shareholders. Any public company is legally required to set up a board of directors; Non-profit organizations and many private companies – although not necessary – also form a board of directors. to prevent third parties from gaining control of the company without their (directions) participation. A voting agreement is most often used by shareholders to create uniform voting blocs. We do not believe that the parties to these voting agreements constitute a “group” under Section 13 of the Exchange Act, with Mr. Zuckerberg exercising control of the voting rights over the shares of those shareholders.