If the CEO of a public company posts good news about the company’s booming business on Facebook, does that same CEO have an obligation to post information about a subsequent business decline? Executive Summary When public company executives share material information on Facebook and Twitter, they may have to make sure they disclose good news and bad, a board member and several lawyers suggested at a recent insurance conference.
The question, raised by Beth Stewart, chief executive officer of Trewstar Corporate Board Services, was the focal point of a debate about social media issues during a session titled, “A View From The Boardroom” at the Professional Liability Underwriting Society D&O Symposium earlier this year.