Facebook has appointed the 'privacy committee' on its board designed to prevent another Cambridge Analytica scandal (FB)
Facebook's board of directors has appointed the members of a new Privacy Committee. The company was required to create the committee as part of its settlement with the FTC over privacy violations. The committee, which is chaired by former McKinsey partner Nancy Killefer, is intended to help prevent another Cambridge Analytica-like scandal. Visit Business Insider's homepage for more stories.
Facebook's board of directors has formed a formal Privacy Committee, a measure required under the company's settlement with federal regulators after the Cambridge Analytica scandal. On Wednesday, Facebook announced that the committee's members are directors Peggy Alford, Nancy Killefer, and Robert M. Kimmitt, with Killefer acting as the committee's chair. The formation of the committee marks the latest step in Facebook's attempts to move on from its scandal-ridden past. Political research firm Cambridge Analytica's misappropriation of 87 million users' data that came fully to light in 2018 was one of a chain of privacy-related scandals for the company, and ultimately resulted in a $5 billion settlement with the US Federal Trade Commission. That settlement also required a number of changes at the company, including the formation of the board privacy committee — but has also been criticised by some privacy advocates for not requiring more extensive changes in Facebook's operations. Killefer was appointed to Facebook's board in March 2020, and was previously a senior partner at consulting firm McKinsey who has also worked for the US Treasury and the IRS. Alford previously worked as CFO for the Chan Zuckerberg Initiative, Facebook CEO Mark Zuckerberg's philanthropic vehicle, as well as PayPal. Kimmitt has worked at law firm Wilmer Cutler Pickering Hale and Dorr, the US Treasury, and Time Warner. "Our audit & risk oversight committee's responsibilities previously included oversight of risks related to privacy and data use. In connection with the formation of our privacy committee, our board of directors has delegated to our privacy committee the responsibility for overseeing risks related to privacy and data use, including management's periodic assessment of our Privacy Program and any related policies with respect to risk assessment and risk management," Facebook wrote in a financial filing on Wednesday. Facebook's board of directors has experienced significant turnover in the past few years. A recent Wall Street Journal investigation detailed how multiple board members critical of Zuckerberg's management of the company have stepped down, to be replaced by friends and loyalists to the 35-year-old billionaire. In addition to Alford, Killefer, and Kimmitt, Facebook's other board members are Zuckerberg, COO Sheryl Sandberg, Netscape founder and venture capitalist Marc Andreessen, investor Peter Thiel, investor and former American Express CEO Kenneth Chenault, Dropbox CEO Drew Houston, Estee Lauder Companies CFO Tracey Travis, and former Obama administration official Jeffrey Zients. Got a tip? Contact Business Insider reporter Rob Price via encrypted messaging app Signal (+1 650-636-6268), encrypted email (firstname.lastname@example.org), standard email (email@example.com), Telegram/Wickr/WeChat (robaeprice), or Twitter DM (@robaeprice). We can keep sources anonymous. Use a non-work device to reach out. PR pitches by standard email only, please.Join the conversation about this story » NOW WATCH: How waste is dealt with on the world's largest cruise ship
More like this (3)
Mark Zuckerberg is reportedly taking advice on political decisions, including how the company handles political ads, from Trump adviser and Facebook board member Peter Thiel
Peter Thiel, a longtime Facebook board member and adviser to President Donald Trump, has been advising...Peter Thiel, a longtime Facebook board member and adviser to President Donald Trump, has been advising Facebook CEO Mark Zuckerberg on political matters, including the company's decision not to fact-check political ads, according to a new report from The Wall Street Journal. Zuckerberg, Thiel, and President Trump also shared a private dinner together in October, but the details of the meeting haven't been disclosed. Thiel's political stances may have put him at odds with other board members and Facebook staff members, and the company continues to face scrutiny as the 2020 election approaches. Visit Business Insider's homepage for more stories. Longtime Facebook board member Peter Thiel's role as an advisor to the Trump administration could be influencing Facebook's political policy decisions, including the company's decision not to fact-check political ads. Facebook CEO Mark Zuckerberg says the policy is in support of free speech, but according to a new report from The Wall Street Journal, the position has become a point of contention among Facebook staff, several of whom have disagreed with Thiel's political stances. Facebook has come under scrutiny for its decision to allow political ads with false or intentionally misleading information to be published without being fact-checked. Other types of advertisements are subject to a third-party fact checking process that can result in a warning label for false information. Democratic presidential candidates have specifically criticized Facebook for letting President Donald Trump's campaign publish ads that reference previously debunked conspiracy theories. Republicans have not taken issue with Facebook's position; however multiple GOP leaders have accused Facebook and other tech companies of acting with a political bias and censoring conservative voices with their moderation practices in the past. In a string of public appearances in October, Zuckerberg said Facebook doesn't want to be the arbiter of truth in political conversations. Thiel, one of Facebook's earliest investors, is backing Zuckerberg's approach; but Thiel's personal politics may have caused tension between Facebook's board members. Thiel joined Zuckerberg for a private dinner with President Donald Trump in October, and in August Thiel called for the FBI and CIA to investigate Google's artificial intelligence research in China, calling the project "seemingly treasonous." The Journal reported that Netflix CEO Reed Hastings and former White House chief of staff Erskine Bowles both had disagreements with Thiel before leaving Facebook's board earlier this year. Former lead independent director Sue Desmond-Hellmann also left the board at the end of October and Facebook has yet to hire a replacement. The report also said that Thiel, who has been on Facebook's board since 2004, was starting to exert more power in the company with Facebook's leadership in flux. Shortly after Zuckerberg publicly announced Facebook's position on political ads, Twitter CEO Jack Dorsey announced that Twitter would no longer accept political ads at all. In a series of tweets announcing his decision, Dorsey said it wasn't realistic for Twitter to fully commit to stopping people from spreading misleading info while also allowing paid political advertisers to post freely. Facebook employees have also expressed concern that the decision to allow political ads without fact-checking runs directly counter to their efforts to stop misinformation from spreading on the platform. In October, 250 Facebook employees signed a joint letter asking the social media platform to change its policy with a list of recommendations on how to improve the fact-checking process.SEE ALSO: Hundreds of Facebook employees call on Mark Zuckerberg to change the social network's controversial rules on political ads Join the conversation about this story » NOW WATCH: 8 weird robots NASA wants to send to space
Democratic lawmaker challenges Facebook CEO during hearing over Libra cryptocurrencyMark Zuckerberg faced a grueling examination from...Democratic lawmaker challenges Facebook CEO during hearing over Libra cryptocurrencyMark Zuckerberg faced a grueling examination from the Democratic lawmaker Alexandria Ocasio-Cortez on Wednesday, with questions over the Cambridge Analytica scandal and Facebook’s reluctance to police political advertising.Ocasio-Cortez and other lawmakers grilled the Facebook CEO during a hearing in front of the US House of Representatives financial services committee regarding the launch of Facebook’s cryptocurrency project, Libra. Continue reading...