On the Facebook blog, founder Mark Zuckerberg outlines the new policy with the crux of it being
Let’s cut to the chase. The only way the new terms get instituted is if at least 30% of active users of Facebook at the time of the vote actually vote at all. That’s a pretty tall order considering that most of the Facebook users I know would be surprised to know there is even a blog. Oh and by the way, if this particular opportunity is not met with enthusiasm it will be business as usual for the most part.
So if you are really interested in having a say in the future of Facebook governance you better get your vote in before April 23rd. Of course, unless 30% of the active users (which is a large and undefinable number that only, you guessed it, Facebook knows anyway) are involved it’ll be just like old times. See you at the polls!