The Walt Disney Company has nominated Sheryl Sandberg, chief operating officer of online social utility company Facebook, to be a new independent director of its board of directors, effective upon her election at the company’s next annual meeting on March 10, 2010.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...