Question of the Week
Facebook announced this week that pursuant to its settlement with federal regulators after the Cambridge Analytica scandal that it has formally created a Privacy Committee of the Board of Directors. The Committee is charged with responsibility for overseeing risks related to privacy and data use, including management's periodic assessment of Facebook's Privacy Program and any related policies with respect to risk assessment and risk management. Given the continued cybersecurity risks faced by almost all corporations, should every Board of Directors have a standing Privacy Committee?
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