This document discusses social media risks and how organizations can manage them. It notes that the biggest risk is not using social media at all. Other key risks include lack of control over an organization's voice on social media and non-compliance with social media policies. The document provides a risk matrix to assess likelihood and impact of potential negative social media events. It emphasizes that organizations must prepare internal roles, processes, policies, and stakeholders to successfully use social media. Key documents and frameworks outlined include a social media strategy, guidelines, an escalation plan, and moderation policies.