Facebook users will get a chance to vote for or against the company's revised governance documents later this month.
The elections will be held between April 16 and April 23 via a Facebook application developed by Wildfire, while Ernst & Young will audit the results, Facebook has revealed.
Facebook gave its 175 million-plus members 30 days to submit feedback regarding the governing concepts and policies the popular social-networking site plans to draft and adopt. That feedback period ended on March 29 and Facebook received comments from less than 4,000 members.
To that end, Facebook created two 'town hall' sections on its site on February 26 for members to leave ideas and opinions regarding, respectively, the site's principles - its philosophy and values - and the site's rights and responsibilities towards its users.
"The 30-day comment period for submitting feedback on Facebook's proposed governance documents has ended, but the opportunities to help shape the policies that will govern Facebook have only begun," wrote Simon Axten, an associate on the Public Policy team.
On April 16, the company will post the revised versions of its Facebook Principles and the Statement of Rights and Responsibilities (SRR), along with a response to members' main concerns. Voting will begin that day.
"We encourage you to participate in this vote on our new revised documents. If it is approved, all future changes to the Statement of Rights and Responsibilities will go through the same process of notice and comment," Axten wrote.
Facebook will hold a vote on any proposed change if at least 7,000 members submit comments. The results of the vote will be "advisory" if less than 30 percent of Facebook active users participate in the election. If 30 percent or more of active members vote, the results of the vote will be "binding", according to Axten.
"Your continued involvement in this process is crucial, and we want to thank everyone who has participated so far. We look forward to taking the next step towards a more democratic system of online governance," Axten wrote.