Social Media
    and
Compliance

    Doug Cornelius
    Chief Compliance Officer
    Beacon Capital Partners,
Topics
• What is Social Media?
• Why Should You Care?
• Benefits To You
• Cautions for Your Company
• Inside the Enterprise
Social Media
Blogs
User Generated
Social Networking
Mainstream Media
Social Media Themes
•Notifications
•Interactivity
Web 1.0
Web 2.0
Really
Simple
Syndicati
on
Blogs
Social Networking
• 40 million members
• Growing at a rate of more than one
  million new members a month
• A new member joins every second
•   Real-time short messaging service
•   “What are you doing?”
•   140 characters
•   Over 4 million twitterers
• Samuel Morse tapped out this historic message
  upon inventing the telegraph:
  What hath God wrought?
  22 characters l...
• 200+ million members
• They can’t all be college students
• They are your employees
4 Ps online
Image by John Spooner under creative commons license.
http://www.flickr.com/photos/johnspooner/2304341915/
Policies and Risks
Don’t Ignore
Blocking is Bad Policy
Workday Consumption
Blocking is Not Effectiv
Ability to Damage
Governance
Executives who agree that reputational
risk and social networking should be a
board room issue
  __%?     58%

...
Guidelines for Web 2.0
  •   Maintain Confidentiality
  •   Securities laws
  •   Financial Performance
  •   Identify you...
Guidelines for Web 2.0
  •   Register blogs
  •   Register Twitter
  •   Comments on your blog
  •   Comments on other blo...
Enterprise 2.0
   • What happens when you bring
     these tools inside the
     organization?
How to Find Doug
  • ComplianceBuilding.com
  • LinkedIn.com/in/dougcornelius
  • Twitter.com/DougCornelius

  • Doug Corn...
Social Media and Compliance
Social Media and Compliance
Social Media and Compliance
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Social Media and Compliance
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Social Media and Compliance
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Social Media and Compliance
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Social Media and Compliance
Social Media and Compliance
Social Media and Compliance
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Social Media and Compliance
Social Media and Compliance
Social Media and Compliance
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Social Media and Compliance
Social Media and Compliance
Social Media and Compliance
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Social Media and Compliance
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Social Media and Compliance

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Ethics Point Presentation May 2009 on social media for compliance professionals.

Published in: Technology, Business

Social Media and Compliance

  1. 1. Social Media and Compliance Doug Cornelius Chief Compliance Officer Beacon Capital Partners,
  2. 2. Topics • What is Social Media? • Why Should You Care? • Benefits To You • Cautions for Your Company • Inside the Enterprise
  3. 3. Social Media
  4. 4. Blogs
  5. 5. User Generated
  6. 6. Social Networking
  7. 7. Mainstream Media
  8. 8. Social Media Themes •Notifications •Interactivity
  9. 9. Web 1.0
  10. 10. Web 2.0
  11. 11. Really Simple Syndicati on
  12. 12. Blogs
  13. 13. Social Networking
  14. 14. • 40 million members • Growing at a rate of more than one million new members a month • A new member joins every second
  15. 15. • Real-time short messaging service • “What are you doing?” • 140 characters • Over 4 million twitterers
  16. 16. • Samuel Morse tapped out this historic message upon inventing the telegraph: What hath God wrought? 22 characters long. • Alexander Graham Bell's first words on a telephone: Mr. Watson, come here, I want to see you. 41 characters. • Neil Armstrong upon walking onto the moon: That's one small step for man, one giant leap for mankind.
  17. 17. • 200+ million members • They can’t all be college students • They are your employees
  18. 18. 4 Ps online
  19. 19. Image by John Spooner under creative commons license. http://www.flickr.com/photos/johnspooner/2304341915/
  20. 20. Policies and Risks
  21. 21. Don’t Ignore
  22. 22. Blocking is Bad Policy
  23. 23. Workday Consumption
  24. 24. Blocking is Not Effectiv
  25. 25. Ability to Damage
  26. 26. Governance Executives who agree that reputational risk and social networking should be a board room issue __%? 58% Those that are treating it as a board room issue? 15%
  27. 27. Guidelines for Web 2.0 • Maintain Confidentiality • Securities laws • Financial Performance • Identify yourself • Disclaimers • Be respectful • Anonymous Contributions • Use of logos or service marks • Copyright
  28. 28. Guidelines for Web 2.0 • Register blogs • Register Twitter • Comments on your blog • Comments on other blogs • Company name and logo
  29. 29. Enterprise 2.0 • What happens when you bring these tools inside the organization?
  30. 30. How to Find Doug • ComplianceBuilding.com • LinkedIn.com/in/dougcornelius • Twitter.com/DougCornelius • Doug Cornelius.com • flickr.com/photos/dougcornelius • LibraryThing.com/catalog/dougcorneli us • delicious.com/dougcornelius

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