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All businesses need corporate governance to provide a framework for the ownership and operation of the business. Corporate governance is a set of rules, regulations, practices and processes by which a business is both directed and controlled.
Many businesses use social media platforms to run advertisements, promotions and sweepstakes for their latest and newest product. However, most businesses running these sweepstakes are unaware that each social media platform has their own rules and regulations that each sweepstakes with which they must comply.