Another post today on why social media should not only matter to management but to the board of directors ?great information and expanded examples of why..?? Important need to know for entrepreneurs and small business??.risk management
Excerpt?..Boards have since largely left it to management to figure out its social media strategy. When informally asked in a boardroom, Competia found that less than 5% of directors admit having ever used and participated in social media. Mistrust is widespread and the issue of privacy is of utmost concern.
The implications of social media for the board far outreach reputation risk. As the use of social media is rapidly spreading and challenging every single company business model and strategy, it is time for directors to understand the implications for corporate governance.
Read full article??via When Social Media Matters: a Guide to the Board of Directors for better Governance.? From Competia
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