The structure of the Gates Foundation, operated by Bill Gates and his ex-wife Melinda, can be changed. It is being discussed, although no official decision has been taken yet.
Bill Gates and his ex-wife Melinda
Everyone was shocked by the sudden divorce of billionaire Bill Gates after 27 years of marriage to his wife Melinda French Gates. However, both of them separated and said that this will not affect the Gates Foundation. Both will work together. But soon after the separation, this foundation with a foundation of 50 billion dollars has started to crack. It is believed that changes can be made in the structure of the institution.
In a report published by the Wall Street Journal, citing people involved in the case, Bill Gates and Melinda French Gates are considering changing the structure of their institution to include better governance and the right to freedom. According to the report, the formation of another board and the induction of external directors are being discussed in the institution.
According to the WSJ report, Melinda French Gates has emphasized a change in governance in the wake of divorce filings so that the future of the institution can remain stable. Gates Foundation Chief Executive Officer Mark Suzman said, “No decision has been taken yet.”
It is known that this Foundation is one of the most powerful and influential forces in global public health affairs in the last two decades. Over 50 billion dollars have been spent for this.
The Foundation currently has only three trustees, including Bill Gates, his former wife Melinda French Gates and Buffett. They have added more than $ 27 billion in funding to the Foundation itself over the past 15 years. According to a Wall Street Journal report, the Foundation is considering bringing in new chargers, though they are yet to be identified, but should happen. The focus of the foundation can be impacted.