Social Media Policy- Why Does Your Business Need a Social Media DISCLOSURE Policy?

Does your business use social media for marketing purposes? Perhaps you use your website collect data and build marketing lists? Do you accept sponsorships on your blog? You may need a social media disclosure policy to ensure that you are properly disclosing commercial activities or what you do with data you collect.
Here is a link to the Disclosure Best Practices Toolkit by the Social Media Business Council:
http://www.socialmedia.org/disclosure/
Want to see what a disclosure looks like?
Here is the Social Media Business Council's disclosure page:
http://www.socialmedia.org/policies/