Boardroom Flash Vol. 7/2018 Getting the Right Cyber-security Metrics and Reports for Your Board
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CG News Update
Getting the Right Cybersecurity Metrics and Reports for Your Board
In the 2017–2018 NACD Public Company Governance Survey, 22 percent of corporate directors said they were either dissatisfied or very dissatisfied with the quality of cybersecurity information provided by management. We’re not surprised. In most cases, management still reports on cybersecurity with imprecise scorecards like red-yellow-green “heat maps,” security “maturity ratings,” and highly technical data that are out of step with the metric-based reporting that is common for other enterprise reporting disciplines. Boards deserve better. We recognize that cybersecurity is a relatively young discipline, compared to others under the umbrella of enterprise risk management (ERM). But it’s not a special snowflake. Management can and should deliver reports that are:.. (More details click)
Five Leading Practices for Governing Innovation
Technology is eroding traditional lines between industries and creating opportunities for innovators to disrupt incumbents. Findings from the 2017-2018 NACD Public Company Governance Survey suggest that boards are increasingly concerned about how to navigate technology disruption, with one third of respondents citing this as a trend likely to have the greatest impact on their company in the coming year. The rapid pace of change presents a significant challenge for boards as they look to sharpen their oversight. As such, directors, and the management teams they oversee, are searching for strategies that will enable them to adapt quickly to shifts in the business landscape.… (More details click)
The above summary appeared in Directors Daily, a publication of the National Association of Corporate Directors (NACD), nacdonline.org, in the United States. NACD, along with Thai IOD and other leading director organizations, is a member of the Global Network of Director Institutes. Quoted with permission from NACD.
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