One simple step to improve Board Governance over social media and technology

Stanford's Rock Center for Corporate Governance and The Conference Board recently conducted a survey of executive and board practices around social technology with some stunning findings. In a nutshell, companies and their leadership understand they have an issue with social but they are not doing enough about it.

So a perfect storm is brewing around changing enterprise risk profiles due to social media and technology together with the inability of boards and leaders to understand and govern this new risk environment.

Given this, does anybody not think that corporations will continue to have social media or technology disasters, disruptions or problems moving forward? Of course they will - but it doesn't have to be this way.

Fortunately there is an easy solution available for Boards to dramatically improve their governance over all things social - improve Board level governance over social and operational improvement will follow. First, Boards should add social media and technology skills into their Boardrooms. Second, they then need to get the social agenda onto the boardroom calendar ... READ MORE

Released by Stanford Graduate School of Business - 27 October 2012