https://www.siliconvalley.com/2019/12/12/facebook-130-million-for-oversight-board-but-wont-name-members-until-2020/

Facebook said Thursday it will commit $130 million to support the efforts of its independent oversight board, but that the board itself will not start its work until sometime in 2020.

In a company blog post, Brent Harris, Facebook’s director of governance and global affairs, said the company has been going through the process of creating “a new organization with independent oversight over how Facebook makes decisions on content” since Chief Executive Mark Zuckerberg outlined his vision for the board in November 2018. In September of this year, Facebook gave some details about how it was selecting board members, and set up a site where anyone could make a recommendation for a board member.