By Jeff Horwitz

Facebook Inc. will pay $130 million to establish an independent board charged with reviewing the company's content moderating, providing long-term backing to its experiment in better policing the platform.

The money, which Facebook described as an "initial commitment," is meant to cover six years of operations, including salaries for board members, office space and a staff including case managers, lawyers and human resources personnel. A corporate trust managed by financial services firm Brown Brothers Harriman will in turn oversee the board's budget and administration.

The money marks a significant investment in an organization that doesn't yet exist, but could take on responsibility for some of the company's thorniest decisions. In recent years, Facebook has been beset by public controversies over how it handles misinformation, hate speech and graphic content.

(END) Dow Jones Newswires

December 12, 2019 11:24 ET (16:24 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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