Do company boards need an expert in cybersecurity and technology?
Cybersecurity is at the top of boardroom agendas. Stephen Bonner of Deloitte asks whether boards need a member who is a dedicated cyber expert.
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Deloitte recently completed an analysis of FTSE 100 companies’ most recent annual reports, ending September 2016, to review company disclosures concerning cybersecurity. The results show that top companies are trying to reassure investors that they are taking these issues seriously.
These firms are revealing many details about their approach to this risk and being transparent about how such risks might impact on them. There was near consensus that cyber is important to discuss, with 87% identifying it as a principal risk.
In a surprising statistic, just 5% disclose in their annual report that a board member has expertise
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