Facebook founder and chief executive Mark Zuckerberg on Sunday called regulations on the internet and he believes a common global framework.

Zuckerberg said he believes "a common global framework — rather than regulation that varies significantly by country and state — will ensure that the internet does not get fractured, entrepreneurs can build products that serve everyone, and everyone gets the same protections," he wrote.

"Technology is a major part of our lives, and companies such as Facebook have immense responsibilities," he wrote. "Every day, we make decisions about what speech is harmful, what constitutes political advertising, and how to prevent sophisticated cyber attacks."

"Lawmakers often tell me we have too much power over speech, and frankly I agree," Zuckerberg said.

He added that Facebook "shouldn't make so many important decisions about speech on our own" and that it had prompted Facebook to create an independent body to allow people could appeal its decisions.

Zuckerberg also said all major internet services should issue a quarterly report on its success in removing harmful content and new legislation should be introduced for protecting elections.