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Shareholders are trying to fire Mark Zuckerberg as chairman of Facebook because of the social media giant's 'mishandling' of recent scandals, including the Cambridge Analytica data saga, Russian meddling in the US election and fake news.

Investment company Trillium Asset Management, who has about $11 million in Facebook stock, filed a proposal on Wednesday to break up Zuckerberg's role as both chairman and CEO, Business Insider reports. 

The proposal argues that shareholders are unable to check Zuckerberg's power given he holds roughly 60 percent of Facebook's voting shares as both chair and CEO.