The charitable foundation chaired by Bill Gates and Melinda French Gates is considering shaking up its governance in the wake of the billionaire couple’s divorce filing, weeks after saying that no such changes were planned.
The Bill & Melinda Gates Foundation, which has distributed $55bn since its launch in 2000, differs from many large philanthropies by having no independent directors.
Instead, it has been governed by three trustees: Gates, French Gates and Warren Buffett, the Berkshire Hathaway chair who pledged in 2006 to leave most of his estimated $110bn fortune to the foundation.
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