BRIEF-Facebook says Will Have Qtrly Certifications To Verify That Privacy Controls Are Working

Facebook Inc: * FACEBOOK COMMENTS ON FTC AGREEMENT

* FACEBOOK - PRIVACY PROGRAM CO IS BUILDING WILL BE A STEP CHANGE IN TERMS OF HOW CO HANDLES DATA * FACEBOOK SAYS "GOING FORWARD, OUR APPROACH TO PRIVACY CONTROLS WILL PARALLEL OUR APPROACH TO FINANCIAL CONTROLS"

* FACEBOOK - WILL ADOPT NEW APPROACHES TO MORE THOROUGHLY DOCUMENT DECISIONS WE MAKE AND MONITOR THEIR IMPACT * FACEBOOK SAYS "WE WILL BE UNDERTAKING A REVIEW OF OUR SYSTEMS"

* FACEBOOK SAYS "WE WILL ALSO HAVE A NEW LEVEL OF BOARD OVERSIGHT" * FACEBOOK- THIS MONTH, DISCOVERED SHORTCOMINGS IN SYSTEMS THAT ALLOWED SOME PARTNERS TO CONTINUE ACCESSING DATA TO PROVIDE FACEBOOK FEATURES ON PRODUCTS

* FACEBOOK - A COMMITTEE OF CO'S BOARD WILL MEET QTRLY TO ENSURE CO "IS LIVING UP" TO COMMITMENTS; COMMITTEE WILL BE INFORMED BY INDEPENDENT PRIVACY ASSESSOR * FACEBOOK, ON DISCOVERY OF SHORTCOMINGS, SAYS FOUND NO ABUSE

* FACEBOOK - WE'LL REQUIRE DEVELOPERS TO BE ACCOUNTABLE FOR THE WAYS THEY USE DATA AND COMPLY WITH OUR POLICIES * FACEBOOK - WE WILL HAVE QUARTERLY CERTIFICATIONS TO VERIFY THAT PRIVACY CONTROLS ARE WORKING

* FACEBOOK - FTC AND JUSTICE DEPARTMENT WILL HAVE "CLEAR LINES OF SIGHT" AT ANY GIVEN POINT INTO HOW EFFECTIVELY CO IS MEETING RESPONSIBILITIES Source text: http://bit.ly/2SD1VeF Further company coverage:

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