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	<title>Governance Center Blog &#187; risk management</title>
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	<itunes:summary></itunes:summary>
	<itunes:author>Governance Center Blog</itunes:author>
	<itunes:explicit>no</itunes:explicit>
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		<title>Governance Center Blog &#187; risk management</title>
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		<title>Boards Go Social</title>
		<link>http://tcbblogs.org/governance/2012/03/22/boards-go-social/</link>
		<comments>http://tcbblogs.org/governance/2012/03/22/boards-go-social/#comments</comments>
		<pubDate>Thu, 22 Mar 2012 15:50:01 +0000</pubDate>
		<dc:creator>Marcel Bucsescu</dc:creator>
				<category><![CDATA[director composition]]></category>
		<category><![CDATA[Barry Libert]]></category>
		<category><![CDATA[director skills]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[google+]]></category>
		<category><![CDATA[Knowledge@Wharton]]></category>
		<category><![CDATA[McKinsey]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[Skype]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[spencer stuart]]></category>
		<category><![CDATA[Wharton]]></category>

		<guid isPermaLink="false">http://tcbblogs.org/governance/?p=1961</guid>
		<description><![CDATA[A recent Knowledge@Wharton piece, published on February 9, 2012, caught my eye. The piece, titled Seven Steps for Board Success in the Facebook Age, is by Barry Libert, a director, author, and social technology investor. Libert’s focus in the piece is on the board’s role in understanding, overseeing, and finding opportunities in social and mobile [...]]]></description>
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		<slash:comments>2</slash:comments>
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			<itunes:keywords>Barry Libert,director skills,facebook,google+,Knowledge@Wharton,McKinsey,risk management,Skype,social media,spencer stuart,Wharton</itunes:keywords>
		<itunes:subtitle>A recent Knowledge@Wharton piece, published on February 9, 2012, caught my eye. The piece, titled Seven Steps for Board Success in the Facebook Age, is by Barry Libert, a director, author, and social technology investor.</itunes:subtitle>
		<itunes:summary>A recent Knowledge@Wharton piece, published on February 9, 2012, caught my eye. The piece, titled Seven Steps for Board Success in the Facebook Age, is by Barry Libert, a director, author, and social technology investor. Libert’s focus in the piece is on the board’s role in understanding, overseeing, and finding opportunities in social and mobile technologies (e.g. Facebook, Google+, etc).

Libert’s piece goes into detail on what boards can do to begin addressing the social technology skills gaps. Each “step” has an action related to it along with a source for more information. But the piece prompted several questions for me:

	What are the actual challenges that companies and boards are facing as it relates to social technology?
	What are the opportunities that companies and boards have with social technology?
	How do social technologies change the way a board operates and thinks about itself?

The Knowledge@Wharton article begins to answer some of these questions. But I wanted to understand the issue in more depth, so I reached out to Barry through Skype. You can listen to my conversation with him here:

 



 

This is an emerging area that we’re only just starting to understand. In the Wharton piece, Libert suggests several resources for further reading on the subject, including an article from McKinsey and another from Spencer Stuart.

Libert’s piece also prompted the question for this blog: How are companies addressing social technology? We invite you to take a brief confidential survey on the topic. In a couple of weeks, we’ll post the results with our assessment.

Click here to complete the survey</itunes:summary>
		<itunes:author>Governance Center Blog</itunes:author>
		<itunes:explicit>no</itunes:explicit>
		<itunes:duration>6:15</itunes:duration>
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		<item>
		<title>Cyber Security in the Boardroom</title>
		<link>http://tcbblogs.org/governance/2011/11/10/cyber-security-in-the-boardroom/</link>
		<comments>http://tcbblogs.org/governance/2011/11/10/cyber-security-in-the-boardroom/#comments</comments>
		<pubDate>Thu, 10 Nov 2011 18:42:46 +0000</pubDate>
		<dc:creator>Marcel Bucsescu</dc:creator>
				<category><![CDATA[board oversight]]></category>
		<category><![CDATA[corporate governance]]></category>
		<category><![CDATA[directors]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[board communication]]></category>
		<category><![CDATA[boardroom portal]]></category>
		<category><![CDATA[cyber security]]></category>
		<category><![CDATA[technology]]></category>

		<guid isPermaLink="false">http://tcbblogs.org/governance/?p=1505</guid>
		<description><![CDATA[Cyber security, and the importance of management and board engagement on the issue, has been generating a lot of discussion lately. Indeed, the spate of security breaches has made it clear that no organization is immune and that, as a society, we must develop a level of tolerance for the fact that our information is [...]]]></description>
		<wfw:commentRss>http://tcbblogs.org/governance/2011/11/10/cyber-security-in-the-boardroom/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>McKinsey Governance Survey: Directors Want to Focus More on Strategy</title>
		<link>http://tcbblogs.org/governance/2011/07/08/mckinsey-governance-survey-directors-want-to-focus-more-on-strategy/</link>
		<comments>http://tcbblogs.org/governance/2011/07/08/mckinsey-governance-survey-directors-want-to-focus-more-on-strategy/#comments</comments>
		<pubDate>Fri, 08 Jul 2011 16:32:03 +0000</pubDate>
		<dc:creator>Gary Larkin</dc:creator>
				<category><![CDATA[corporate governance]]></category>
		<category><![CDATA[director composition]]></category>
		<category><![CDATA[directors' education]]></category>
		<category><![CDATA[#corpgov]]></category>
		<category><![CDATA[board of directors]]></category>
		<category><![CDATA[company strategy]]></category>
		<category><![CDATA[McKinsey & Co.]]></category>
		<category><![CDATA[McKinsey Quarterly Global Survey]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[talent management]]></category>

		<guid isPermaLink="false">http://tcbblogs.org/governance/?p=1223</guid>
		<description><![CDATA[Enhanced training, a change in composition and more constructive discussions may help boards get back to their top goal of focusing on company strategy, the McKinsey Quarterly global survey on governance finds. The survey, released Thursday by the global management consulting firm McKinsey &#38; Co., reports that directors queried have not increased the time spent [...]]]></description>
		<wfw:commentRss>http://tcbblogs.org/governance/2011/07/08/mckinsey-governance-survey-directors-want-to-focus-more-on-strategy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Q&amp;A with William Ide – Internal Audit Alignment</title>
		<link>http://tcbblogs.org/governance/2011/03/25/qa-with-william-ide-%e2%80%93-internal-audit-alignment/</link>
		<comments>http://tcbblogs.org/governance/2011/03/25/qa-with-william-ide-%e2%80%93-internal-audit-alignment/#comments</comments>
		<pubDate>Fri, 25 Mar 2011 19:41:39 +0000</pubDate>
		<dc:creator>Gary Larkin</dc:creator>
				<category><![CDATA[corporate governance]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[#corpgov]]></category>
		<category><![CDATA[AFC Enterprises]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[Institute of Internal Auditors]]></category>
		<category><![CDATA[internal audit alignment]]></category>
		<category><![CDATA[mckenna long & aldridge]]></category>
		<category><![CDATA[Monsanto Corporation]]></category>
		<category><![CDATA[richard chambers]]></category>
		<category><![CDATA[Sarbanes-Oxley Act]]></category>
		<category><![CDATA[The Albemarle Co.]]></category>
		<category><![CDATA[The Conference Board Governance Center]]></category>
		<category><![CDATA[william ide]]></category>

		<guid isPermaLink="false">http://tcbblogs.org/governance/?p=1056</guid>
		<description><![CDATA[Nearly a decade after the Sarbanes-Oxley Act was signed into law, the internal audit (IA) function is facing new challenges as to what additional roles it should play and its interaction with the board. R. William (Bill) Ide, chair of The Conference Board Governance Center Advisory Board, has seen this transition first-hand as a director [...]]]></description>
		<wfw:commentRss>http://tcbblogs.org/governance/2011/03/25/qa-with-william-ide-%e2%80%93-internal-audit-alignment/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Guest Contributor: A How-To on Crisis Management for Boards</title>
		<link>http://tcbblogs.org/governance/2011/03/02/guest-contributor-a-how-to-on-crisis-management-for-boards/</link>
		<comments>http://tcbblogs.org/governance/2011/03/02/guest-contributor-a-how-to-on-crisis-management-for-boards/#comments</comments>
		<pubDate>Wed, 02 Mar 2011 22:20:26 +0000</pubDate>
		<dc:creator>Suzanne  Hopgood</dc:creator>
				<category><![CDATA[corporate governance]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[communication]]></category>
		<category><![CDATA[crisis management]]></category>
		<category><![CDATA[reputation risk]]></category>
		<category><![CDATA[SEC investigation]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[Suzanne Hopgood]]></category>
		<category><![CDATA[The Hopgood Group]]></category>
		<category><![CDATA[wikileaks]]></category>

		<guid isPermaLink="false">http://tcbblogs.org/governance/?p=1029</guid>
		<description><![CDATA[GUEST CONTRIBUTOR POST: Suzanne Hopgood is a former crisis CEO and/or board member of public and private companies, several of which were under investigation by the SEC, DOJ, DOD and IRS. She is also co-author of Board Leadership for the Company in Crisis and former managing director of advisory services for the National Association of [...]]]></description>
		<wfw:commentRss>http://tcbblogs.org/governance/2011/03/02/guest-contributor-a-how-to-on-crisis-management-for-boards/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Nasdaq Hacking a Wake-Up Call for Boards</title>
		<link>http://tcbblogs.org/governance/2011/02/10/nasdaq-hacking-a-wake-up-call-for-boards/</link>
		<comments>http://tcbblogs.org/governance/2011/02/10/nasdaq-hacking-a-wake-up-call-for-boards/#comments</comments>
		<pubDate>Thu, 10 Feb 2011 13:11:08 +0000</pubDate>
		<dc:creator>Gary Larkin</dc:creator>
				<category><![CDATA[corporate governance]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[Directors Desk]]></category>
		<category><![CDATA[hackers]]></category>
		<category><![CDATA[IT security]]></category>
		<category><![CDATA[Nasdaq OMX]]></category>
		<category><![CDATA[reputation risk]]></category>
		<category><![CDATA[Secret Service]]></category>
		<category><![CDATA[U.S. Department of Justice]]></category>

		<guid isPermaLink="false">http://tcbblogs.org/governance/?p=992</guid>
		<description><![CDATA[Don’t you find it somewhat ironic that the one part of Nasdaq’s website hackers were able to break into was the Directors Desk portal, an online application that allows directors to share confidential information about their boards and corporate governance? It’s almost as if the hackers were sending a message to one of the world’s [...]]]></description>
		<wfw:commentRss>http://tcbblogs.org/governance/2011/02/10/nasdaq-hacking-a-wake-up-call-for-boards/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Wikileaks Episode Should be Wake-Up Call for Companies</title>
		<link>http://tcbblogs.org/governance/2011/01/14/wikileaks-episode-should-be-wake-up-call-for-companies/</link>
		<comments>http://tcbblogs.org/governance/2011/01/14/wikileaks-episode-should-be-wake-up-call-for-companies/#comments</comments>
		<pubDate>Fri, 14 Jan 2011 20:50:15 +0000</pubDate>
		<dc:creator>Gary Larkin</dc:creator>
				<category><![CDATA[corporate governance]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[cloud computing]]></category>
		<category><![CDATA[Cynthia Cooper]]></category>
		<category><![CDATA[data privacy]]></category>
		<category><![CDATA[data security]]></category>
		<category><![CDATA[Francis G.X. Pileggi]]></category>
		<category><![CDATA[Gartner]]></category>
		<category><![CDATA[Julian Assange]]></category>
		<category><![CDATA[Kevin F. Brady]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[Stephen Prentice]]></category>
		<category><![CDATA[Steve Bittinger]]></category>
		<category><![CDATA[whistleblower]]></category>
		<category><![CDATA[wikileaks]]></category>

		<guid isPermaLink="false">http://tcbblogs.org/governance/?p=930</guid>
		<description><![CDATA[If you are a director on a U.S. public company, you probably had a queasy feeling in your stomach when you heard about Wikileaks’ potential next target: corporate America. Let’s face it. If there were to be a data dump of corporate e-mails, documents and other secret information that was the size of the classified [...]]]></description>
		<wfw:commentRss>http://tcbblogs.org/governance/2011/01/14/wikileaks-episode-should-be-wake-up-call-for-companies/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Some More Top Issues Lists for 2011</title>
		<link>http://tcbblogs.org/governance/2011/01/06/some-more-top-issues-lists-for-2011/</link>
		<comments>http://tcbblogs.org/governance/2011/01/06/some-more-top-issues-lists-for-2011/#comments</comments>
		<pubDate>Thu, 06 Jan 2011 21:56:13 +0000</pubDate>
		<dc:creator>Gary Larkin</dc:creator>
				<category><![CDATA[corporate governance]]></category>
		<category><![CDATA[Corporate Integrity LLC]]></category>
		<category><![CDATA[FEI]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Financial Executives International]]></category>
		<category><![CDATA[governance risk management and compliance]]></category>
		<category><![CDATA[GRC]]></category>
		<category><![CDATA[IIA]]></category>
		<category><![CDATA[information quality]]></category>
		<category><![CDATA[Institute of Internal Auditors]]></category>
		<category><![CDATA[kpmg audit committee institute]]></category>
		<category><![CDATA[Marie N. Hollein]]></category>
		<category><![CDATA[Michael Rasmussen]]></category>
		<category><![CDATA[Norman Marks]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[Ten To-Do's for Audit Committees in 2011]]></category>
		<category><![CDATA[Top 10 lists]]></category>
		<category><![CDATA[Top Challenges for Financial Executives]]></category>

		<guid isPermaLink="false">http://tcbblogs.org/governance/?p=918</guid>
		<description><![CDATA[With the first week of the New Year just about over, I have come upon three more top issues lists for directors and management in 2011. Consider this an addendum to my Dec. 21 post. One list comes from the very prolific and opinionated Norman Marks of the Institute of Internal Auditors, a thought leader [...]]]></description>
		<wfw:commentRss>http://tcbblogs.org/governance/2011/01/06/some-more-top-issues-lists-for-2011/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Top 2011 Issues for Directors and CEOs</title>
		<link>http://tcbblogs.org/governance/2010/12/21/top-2011-issues-for-directors-and-ceos/</link>
		<comments>http://tcbblogs.org/governance/2010/12/21/top-2011-issues-for-directors-and-ceos/#comments</comments>
		<pubDate>Tue, 21 Dec 2010 21:58:46 +0000</pubDate>
		<dc:creator>Gary Larkin</dc:creator>
				<category><![CDATA[corporate governance]]></category>
		<category><![CDATA[corporate governance compliance and culture]]></category>
		<category><![CDATA[Executive compensation]]></category>
		<category><![CDATA[Heidrick & Struggles]]></category>
		<category><![CDATA[IT governance and social media]]></category>
		<category><![CDATA[KPMG's Audit Committee Institute]]></category>
		<category><![CDATA[proxy access]]></category>
		<category><![CDATA[PWC]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[say on pay]]></category>
		<category><![CDATA[the conference board]]></category>
		<category><![CDATA[Top 10 lists]]></category>
		<category><![CDATA[Wachtell Lipton Rosen & Katz]]></category>

		<guid isPermaLink="false">http://tcbblogs.org/governance/?p=909</guid>
		<description><![CDATA[As company holiday parties wind down and executives prepare for what next year may bring, that can mean only one thing in the corporate governance world: time for Top 10 lists for 2011. Of the four major lists I could cull, only one actually lists 10 items. For the most part, these lists are more [...]]]></description>
		<wfw:commentRss>http://tcbblogs.org/governance/2010/12/21/top-2011-issues-for-directors-and-ceos/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Dear CFO: SEC Warns of Foreclosure Disclosure Issues</title>
		<link>http://tcbblogs.org/governance/2010/11/03/dear-cfo-sec-warns-of-foreclosure-disclosure-issues/</link>
		<comments>http://tcbblogs.org/governance/2010/11/03/dear-cfo-sec-warns-of-foreclosure-disclosure-issues/#comments</comments>
		<pubDate>Wed, 03 Nov 2010 21:05:55 +0000</pubDate>
		<dc:creator>Gary Larkin</dc:creator>
				<category><![CDATA[corporate governance]]></category>
		<category><![CDATA[disclosure]]></category>
		<category><![CDATA[Dear CFO letter]]></category>
		<category><![CDATA[FEI Financial Reporting Blog]]></category>
		<category><![CDATA[Financial Executives International]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[litigation risks]]></category>
		<category><![CDATA[mortgage-backed securities]]></category>
		<category><![CDATA[risk management]]></category>
		<category><![CDATA[sec]]></category>

		<guid isPermaLink="false">http://tcbblogs.org/governance/?p=836</guid>
		<description><![CDATA[It looks like public company directors don’t have to just heed my warning [See Oct. 20 blog post.]about addressing the possible fallout from the current foreclosure crisis. By now their management teams should have told them the SEC is gently reminding them of their obligation to disclose the risks and uncertainties their companies may have [...]]]></description>
		<wfw:commentRss>http://tcbblogs.org/governance/2010/11/03/dear-cfo-sec-warns-of-foreclosure-disclosure-issues/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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