It’s time for boards to take control of their organisations’ cybersecurity at a time when the threat to data security has never been so severe.
Beyond core company growth and profit, board directors have plenty of competing priorities they “must” attend to, such as regulatory change, the digital economy, culture, diversity, investor relations, political events like Brexit...the list goes on. And cybersecurity should be in there somewhere.
It’s tempting, even logical, to delegate some of these issues, or streamline them into a “tick-box” compliance approach, especially the more technical risks like cybersecurity. But when it comes to information security, that would be a mistake for two reasons: there has been a sudden surge in cybercrime in 2016/17 that requires a C-suite
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Nominations for the 2019 Non-Executive Director Awards, which aim to recognise NEDs at the top of their game, are now open—but just what does it take to be an asset to the board? As Paul Drechsler says, good NEDs are a ‘gift’.
Businesses are increasingly expected to go beyond merely reporting profits to show how they are creating value for the short, medium and long term. Integrated reporting is considered by many as the way forward.