Social media also brings inherent risk, even to those companies not actively using them—e.g., threats to confidential information or intellectual property, reputational risk and the potential for regulatory infractions, to name a few. As a result, it is critical that management develop and maintain a clear-cut governance framework as a central part of its social media development initiatives. This article in NACD Directorship’s website describes some of the inherent risks, and ways for boards to minimize risk in this area.
Read the article here.