Cyber Risk: A Boardroom Priority
Discussing cyber risk is undeniably an important conversation that should be taking place in every boardroom. Here are a few critical points board members should be aware of and ask their CEOs about.
Discussing cyber risk is undeniably an important conversation that should be taking place in every boardroom. Here are a few critical points board members should be aware of and ask their CEOs about.
The most conscientious and progressive board leaders have moved well beyond a simple check-the-box compliance approach to a more rigorous process that is aimed at identifying ways the board can continually enhance the contribution it makes to the organization it is governing.
Corporate boards should take note that the situation at Progenics Pharmaceuticals has resulted in a proxy advisory firm validating a call for “shareholder board oversight.” Serving on a board that has been sighted for oversight by its investors could have an effect on future board appointments.
Board members must continually evaluate bribery risks and insist on receiving independent reviews of the ongoing effectiveness of the organization’s anti-corruption and anti-bribery programs. You can start by asking executives these questions.
In countries where bribery is standard business practice, keeping globally dispersed employees on the straight and narrow isn’t easy. But it isn’t impossible either.
For more and more companies, the question is no longer whether to grant long-term performance awards, but rather how to go about it.