Facebook and the Federal Trade Commission are negotiating a possible settlement that would require the company to place privacy-minded executives at the company's highest levels, a source close to the talks told said — in addition to paying the expected multibillion-dollar fine it disclosed. The steps, which are subject to change until a deal is final, would include appointing a federally approved privacy official at the social network and creating an "independent" privacy oversight committee that may include Facebook board members, said the person, who requested anonymity because the discussions are ongoing.
Read the article: Politico
