Academics reveal “preliminary evidence” of a connection between social media activity and the likelihood of unethical business conduct.
Social media has become a controversial tool. Observers need look no further than Donald Trump’s use of Twitter to see that. But what about other leaders—chief executives perhaps? Research indicates a social media presence for CEOs means they are more likely to trade in the shares of the companies they lead. Which may raise ethical concerns.
A group of academics across Canada and the US looked at the behaviour of 637 CEOs at US public companies that also use social media and found that they are more likely to make “open market purchases” of their own companies' stock than CEOs not posting on sites such as Twitter, Facebook and Link
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda