Corporate Governance and Managing Social Media Risks HEADLINE:  Company Could Pay for CFO’s Misguided Tweets SUMMARY:  The company that fired its CFO last week over his social-media postings may not have let itself off the hook by doing so. Despite the company’s claim that it was unaware of the finance chief’s activities until May 11, it still may face a Securities and Exchange Commission enforcement action. On at least one occasion, Gene Morphis, the former CFO of Francesca’s Collections, revealed confidential company information via his Twitter account.  Analysis by Firestorm Expert Council Member Jerry Hudspeth Overview The continuing growth and use of social networks like Facebook, LinkedIn and Twitter have created yet another risk segment for corporate America to analyze, embrace and manage.  The stories and accounts of corporate social media issues are almo...

Banking and Risk Management An Analysis by Jerry Hudspeth JPMorgan was warned risk management not up to task SUMMARY:  CtW Investment Group, a labor-backed shareholder group, last year warned JPMorgan Chase & Co that its risk management committee was not up to the task. "We are deeply concerned that the current three-person risk policy committee, without a single expert in banking or financial regulation, is simply not up to the task of overseeing risk management at one of the world's largest and most complex financial institutions," an April 1, 2011, letter from CtW said. CtW urged replacing Futter, one of the three members of the risk committee on JPMorgan's board, and increasing the committee's authority and oversight responsibilities. "Without an overhaul of the committee's mandate and membership, we are profoundly concerned for the committee's ability to provide eff...

Firestorm announced today the addition of Jerry Hudspeth to its elite Expert Council For Immediate Release May 4, 2012 Atlanta, GA The Firestorm Expert Council™ is an advisory group made up of specialists from various disciplines, professions and industries. The Expert Council is designed to bring subject matter knowledge and expertise to Firestorm and its clients. The members of the Expert Council lend credibility and skills to the work which Firestorm performs, both through their direct involvement and the weight of their reputations. In this light, Firestorm is thrilled with the addition of Mr. Jerry Hudspeth.  Said Mr. Hudspeth, "The Crisis Management, Business Continuity and Predict, Plan and Perform programs and tools developed and provided by Firestorm directly affect the client's ability to control and manage its success factors. I look forward to being a member of the...