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BETTER Ethics. BETTER Business: Dec - 2009
Why Your Company Needs a Social Media Policy
Recent surveys show that more and more companies are planning to adopt an outright ban on social media use by employees. In our new paper, we explain why the issue is so critical for Ethics and Compliance Officers, and we provide best practices for developing a policy that reflects your organization's culture. In our review of several leading "social media" policies, along with several dozen policies adopted by technology and non-technology companies, shows several similar elements:
Set the Stage. The company's culture, identity and rationale for issuing a social media policy should be on display at the very beginning. Sun introduces its Policy on Public Disclosure this way: "Many of us at Sun are doing work that could change the world. We need to do a better job of telling the world. As of now, you are encouraged to tell the world about your work, without asking permission first (but please do read and follow the advice in this note).
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Labor and Human Rights Policies in Corporate Supply Chains
A new study reviews the labor and human rights (LHR) policies for the supply chains of 2508 global corporations. The study finds that 28% of surveyed companies claim they have such supplier policies, but only 15 percent have issued explicit LHR policies and less than 6% endorse specific labor standards.
The study is a collaborative work of the Pensions and Capital Stewardship Project and ASSET4 and was supported by the Investor Responsibility Research Center. The benchmarking study lets investors compare the potential investment risks of different corporate approaches to suppliers' labor and human rights actions.
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