In-House Experts Discuss Social Media Pitfalls and Compliance Opportunities

Social media can be a blessing and a curse for many companies.  The use of sites such as Facebook, LinkedIn and Twitter is skyrocketing – according to a recent analysis conducted by PwC, one in four people globally use social networks, an 18% increase in just one year.  How can companies incorporate this form of communication to strengthen compliance programs and protect their reputations?  At a recent panel at Practising Law Institute’s Corporate Compliance and Ethics Institute, in-house compliance professionals discussed the tactics their companies use to navigate social-media minefields.  The panelists included Maria Hermida, Chief Ethics Officer at Citigroup and Nora Kurzova, Chief Privacy Officer at Tyco.  See also “Designing and Implementing Effective Press and Social Media Policies to Mitigate Reputational Harm from Anti-Corruption Investigations” (May 29, 2013).

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