The Facebook model establishes 'principles' and 'rights and responsibilities' through user consultation. The approach can be summarised as a 'Virtual Town Hall' where participants debate the merits and pitfalls of emerging issues. Facebook have already amended their terms and conditions as a direct result of their user feedback, including issues of copyright and intellectual property. This approach is crucial when trying to govern potentially disruptive technologies but could also be applied to organisational governance.
Many universities now have an enterprise-wide means of collecting feedback and enabling community participation - businesses would have 'killed' for this capability a few years ago - but now universities have it, will they use it?