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Interactive "social networking" is a growing phenomenon, as the success of MySpace, Facebook, YouTube and similar Internet sites suggests. Such social networking sites allow geographically dispersed individuals who share common interests to locate and interact with breathtaking speed and ease. Earlier this year, the Securities and Exchange Commission, recognizing the power of this new mode of communication, issued final rules intended to promote social networking by and among publicly traded companies and their shareholders.
Step in the right direction
Posted by: Alfonso Tupaz 2008-09-08 21:08:20 In reply to: Brendan J. Radigan
Any improvements to shareholder communications and greater use of modern technology is always a step in the right direction. Even if corporations hesitate to adopt Web 2.0 or fail to participate on online forums and discussion boards, it is still useful for shareholders to get together and communicate with each other. Greater transparency and communications on all levels improves corporate governance.
