"it merely means it should implement them better" this is the theory of every government committee, ever. In practice, generally, _it doesn't happen_.

I believe private companies are usually better, but still highly dependant on size and a number of other factors.

I definitely don't have faith that FB will wield this well, and the worse part is it will probably pretty hard to find out from the silenced parties when they f!@# up until much later.