Archive for the ‘Governance’ Category

Common Mistakes in Social Media Policies

Thursday, January 26th, 2012

As the FTC increases its enforcement of its Guides, social media policies are getting a lot of attention, marketing attention from law firms, and blogs that offer bad or incomplete advice. Here are a couple of mistakes I’ve seen in recent blogs about social media policies:
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Stating “This is my personal blog. All views expressed here are solely mine and not those of my current or past employers.” — which is stating that the opinions you express are your own — is the opposite of disclosure. An example of disclosure would be writing an opinion about a magazine’s publisher, and then disclosing to readers that you get paid to write for the magazine.

The FTC requires that brands and their agencies maintain and train their people on social media policies that ensure compliance with FTC guides. As a brand, your policy responsibilities extend to your agencies, so make sure they are meeting their obligations.

In fact, the FTC recently published guidance a framework for brands to ensure they are doing the right things, which I describe in this post.

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FTC Tell Brands What to do With 3Ms

Wednesday, January 25th, 2012

The FTC recently clarified brand responsibilities for social media policies, in the form of Three Ms, as follows:
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  1. Mandate a policy that’s in compliance
  2. Make sure people you work with (or on your behalf) know what is in compliance
  3. Monitor for compliance (reasonable systems must be in place). The FTC does not seem to accept affiliate agreements alone as evidence that companies are policing their affiliates.

When the FTC says Monitor, they mean that you should audit and spot check your processes. They are not suggesting that you use a social media monitoring tool to track every mention of your brand or campaigns.

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WOMMA Releases Privacy Guidance — Encourages Transparency

Monday, January 23rd, 2012

On Jan. 19, the Word of Mouth Marketing Association (WOMMA) released the WOMMA Guidance on Privacy, a set of self-regulated privacy guidelines that focus on social media and the use of consumer Personally Identifiable Information (PII).
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Referring to recent FTC settlements against Google and Facebook, WOMMA applauded recent FTC efforts to raise the issue of privacy, and for making transparency a key point.

Along with some major brands and agencies, WOMMA and its board of directors agreed upon core principles for protecting privacy across all marketing and communications channels. WOMMA’s Guidance on Privacy are aspirational core principles to follow, and are not mandated or required guidelines for the industry.

WOMMA stated on their blog, that, while privacy is a multi-faceted issue, WOMMA believes that transparency and choice are at the heart of establishing and sustaining the meaningful connection between brands and consumers.

Excerpts from WOMMA’s Perspective on Privacy:

  • Brands should be open and honest about PII that they are collecting, using and sharing from consumers.
  • Brands should use PII collected from or about consumers for the purposes that they have clearly communicated.
  • Brands should collect PII that is relevant and necessary to accomplish the specified purposes.
  • Brands should not retain PII for longer than necessary to fulfill the specified purposes or to otherwise meet legal requirements.
  • Brands should employ relevant and reasonable measures to protect PII.
  • Brands should be accountable for complying with these principles, by providing consumers with a readily accessible means to express concerns or complaints.

“In the relationship between the advertiser and customer, sensitive information can be transmitted, whether financial or personal,” said Anthony DiResta, Partner at Winston & Strawn and WOMMA General Counsel. “It is the sensitivity of that information that creates concerns about privacy, and WOMMA believes that transparency and choice are at the heart of establishing and sustaining the meaningful connection between companies and their customers.”

“Privacy is becoming an increasingly important topic for both brands and consumers,” said Paul M. Rand, President/CEO of Zocalo Group and WOMMA Immediate Past President. “The principles set forth in WOMMA’s Guidance are meant to educate our members and the industry as a whole on key privacy issues, and we look forward to continuing the discussion.”

In disclosure, I serve on the WOMMA Member Ethics Advisory Panel.

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The Complete List of Verified Twitter Accounts

Saturday, December 31st, 2011

Verified Accounts on Twitter are Twitter’s attempt to clarify the authenticity of accounts for famous people or brands. In fact, only Twitter partners and advertisers are allowed to request verification.

twitter-verified Here is the list of accounts who have completed the Verification process.

Twitter says they are developing a system to replace Verified Accounts, but those who received a Verified Account badge are allowed to keep it in the mean time.

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U.S. Judge Says Twitter Stalking is Not Real Stalking

Thursday, December 22nd, 2011

The FBI brought William Lawrence Cassidy to trial for sending more than 8,000 distressing tweets over 2 months, to a leader of a Buddhist group. During that time, he threatened her life and wrote tweet haikus containing disturbing images of violence. His efforts scared her so much that she refused to leave her house for 18 months, but the judge overseeing the case ruled that Cassidy’s tweets were protected speech under the First Amendment, as they appeared on a public bulletin-board-like forum.
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The judge said:

“…while Mr. Cassidy’s speech may have inflicted substantial emotional distress, the government’s indictment here is directed squarely at protected speech: anonymous, uncomfortable Internet speech addressing religious matters.”

According to the New York Times, the judge compared Twitter to communications during the colonial period:

He said, “A blog is like a bulletin board that a person of [the colonial period] might have planted in his front yard. If one colonist wants to see what is on another’s bulletin board, he would need to walk over to his neighbor’s yard and look at what is posted, or hire someone else to do so.”

With Twitter, he went on, news from one colonist’s bulletin board could automatically show up on another’s. The postings can be “turned on or off by the owners of the bulletin boards,” he wrote. In other words, one can disregard what is posted on a bulletin board. “This is in sharp contrast to a telephone call, letter or e-mail specifically addressed to and directed at another person,” the judge concluded.

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The Solution for the One-Third of Marketers Saying Digital Measurement Fails Them

Monday, December 5th, 2011

31% of global marketers say that existing digital metrics do not adequately quantify the financial impact of their online tools or channels, and, almost half of executives whose companies use social media say that quantifying the impact of social media is difficult. In my experience with large brands, there are usually two primary causes for the gap between what marketers need, and what they get from their measurement:
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  1. Standard Tools do not Provide Insight: Many teams simply rely on automated metrics from social media monitoring tools, and those kinds of metrics never provide insight — they just provide data. You can absolutely measure the relationship between paid media and social media — to determine how much your social media lifts your paid investments, and to identify which individual site visitors are sending you more conversions via social media. But most people have no idea how to do that. Yes, it requires a little technology, and a little expertise, but you can do it. (If you’re interested, my colleague Neil Beam can help.)
  2. Standard Metrics Are Not Tailored to Your Business Goals: Using standard metrics from a tool — which are the same as what everyone else gets — means that the metrics are not tailored to your business goals or needs. You need to translate your business goals into the few KPIs — and supporting metrics — that will help you optimize your social media marketing.

It is no longer acceptable for the 2 in 5 global companies who do not track ROI for any of the money they spend on social media marketing, or the 26% who say they can only attribute an ROI figure to a tiny amount of the money they spend on social media.

If you want insightful and relevant metrics, you need to put in the work. You need to allocate some amount of resources to produce insights, and report them to the people who need them.

When you plan your social media campaigns, do you allocate resources to measure the impacts? Most brands do not. And that is why only 2 in 10 say that digital-related marketing has increased their access to data and insights. And only 17% say they have experienced a greater ability to increase productivity in various business processes through technology.

Too many businesses are still investing in social media without also investing in adequate measurement and feedback, usually under the guise of “test and learn”. But if you don’t have adequate measurement on place, it is impossible to learn.

Social media measurement is not a mystery. You just need to ask the people who know how to do it.


Chris Boudreaux leads the Strategy and Measurement practice at Converseon, a full-service agency serving brands including IBM and Walmart.

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Schools Searching for Social Media Policy Examples

Friday, November 18th, 2011

A few people have emailed me seeking examples of social media policies for schools or school districts, but I don’t have any such examples, so I would like to ask readers to help find any folks who have worked through social media policies for schools. If you send me example policies, suggestions or lessons from working through such school policies, I will gladly publish them on this site.
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Please ask anyone you know who works with schools and policies, so we can find and share the best thinking with the many education professionals who are working through the challenges of social media in their schools.

You can send any suggestions here.

Thank you.
Chris
@cboudreaux

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Brand Sues Employee for Taking Followers When Leaving

Monday, November 14th, 2011

This is why you need a written agreement with each employee who manages any brand social media account: A federal judge ruled last week that news site PhoneDog (@PhoneDog) has a potential case against former employee Noah Kravitz (@NoahKravitz) for taking Twitter followers with him when he left the company. When Kravitz left the company, they asked for the account credentials, but, instead of surrendering the account, he changed the account name. PhoneDog says that Mr. Kravitz owes them $2.50 follower — per month — for each of his 17,000 followers, for a total of $340,000, and the judge required that the company present more evidence.
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PhoneDog claims that the account and its followers were a company asset because Kravitz acquired the followers as part of his job responsibilities.

According to Eric Goldman, PhoneDog is suing on three fronts: “(1) misappropriation of trade secrets, (2) interference with economic advantage; and (3) conversion.” Eric also examines each of the claims in his blog.

PhoneDog claims that $2.50 is the “industry standard” for the value of a Twitter follower, but no such industry standard exists to my knowledge.

Kravitz argued that the value in a Twitter account really “comes from . . . efforts in posting tweets and [an] individual’s interest in following . . . not from the account itself.”

Regardless of the court decision, all brands should implement written agreements with employees who maintain brand accounts in social media, so this kind of situation never becomes an issue for the courts.

Its not just a problem on Twitter. Google+ requires their newly released brand pages to be created within a personal account. If you have someone creating a brand page on Google+, you better think about what happens if they ever leave the company. I’d start by only letting long-term employees create such accounts.

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Are You Ready for College Grads Who Won’t Work Where Social Media Are Banned?

Tuesday, November 8th, 2011

In a speech to summer interns at Microsoft, David Meerman Scott suggested that anyone interested in Marketing or Communications simply decline to work at any company that bans social media use by employees.

Before readers who work in pharma or investments industries get too excited, David sits on our Advisory Board at Converseon, and I know he understands the realities of regulated industries. He worked in the investment business for years. He simply believes that the most talented people coming out of college today can choose to work at companies that let them communicate in the channels where they live and breathe every day: social and mobile.

David also cites a recent study of 3,000 international college students and recent grads, by Cisco, which found that:

  • More than two in five would accept a lower-paying job that had more flexibility with regard to device choice, social media access, and mobility than a higher-paying job with less flexibility.
  • One in three consider the Internet to be as important as air, water, food, and shelter.

You can see David respond to questions from one of the interns here:

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SEC Launches Web Site for Whistleblowers

Monday, November 7th, 2011

In August of this year, the Securities and Exchange Commission (SEC) launched a web site for employees to report violations of securities laws, and if a submissions leads to enforcement by the SEC, the submitter can earn 10 – 30 percent of any fraud recovery or monetary sanctions of over $1 million..
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In addition, the SEC will publish a list of 170 enforcement actions taken in the past year, and any whistleblowers involved in those cases can claim their rewards through the site.

Rewards can be substantial. For example: in July 2010, the SEC forced Goldman Sachs to pay $550 million for misleading investors about a subprime mortgage collateralized debt obligation they marketed.

(via Aarti Maharaj at Corporate Secretary magazine)

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