UK companies are struggling to provide focused disclosures as cyber attacks continue to increase, says the FRC.
Research finds an increasing number of ethical lapses reported in the tech industry, while banking and finance continues to be the biggest area for wrongdoing.
This past year has been packed with governance events from the launch of new codes, executive pay debates, and leadership behaviour debacles to climate change, cybersecurity scandals and the Khashoggi murder.
Just one in 20 FTSE 100 companies have board members with a specific cybersecurity or technology specialism, according to Deloitte.
Executives could demand “unreasonable certainty” over cyber-security.
Risk advisors reveals a year of extreme uncertainty ahead, with companies faced with choosing one of three strategies to work through geopolitical upheaval.
Cyber-security and data breaches have been making headlines following high-profile incidents at TalkTalk and Vodafone, but cyber-attacks can jeopardise the security of any company.
Audit committee members reveal that many boardrooms are failing to debate risk alongside strategy.
Boards and audit committees need to take cyber-security seriously, and ensure that basic steps are taken to prevent disaster.
There is little indication that banks are giving IT the kind of attention it undoubtedly needs.