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A social media policy is an internal document used by companies to guide employees in their social media interactions. With platforms like Facebook and Twitter dominating the sharing of information, firms have more ways to reach customers and shape their brands, but also face risks of damaging their reputation. This video discusses the importance of social media policies and what a good one should include. eFORMS, a database of various documents, will provide a link to a customizable social media policy at the end of the video. Social media policies cover topics like employee conduct and use of social media.