Although the audit committee’s role in cybersecurity oversight could expand, only 41 percent of the survey respondents believe their audit committee members have appropriate cybersecurity experience and expertise.
Three reasons why nonprofit organizations can help broaden your skills and result in future opportunities.
If the board does not have a plan, or is not transparent enough, shareholders will voice their disapproval—with their votes.
Board members must feel that what’s best for investors is decided on the merits of actual ideas, not personal alliances to the CEO or other directors. Sometimes that’s more difficult than it might appear.
The best boards serve as advisers, mentors, watchdogs—and yes, critics—offering invaluable insights and effective oversight as the situation demands. Today’s disruptions make the job even more imperative. We asked veteran CEO, chairman and lead director Fred Hassan for tips on how boards can get better—and stay that way.
The board’s failure to take swift action could result in shareholder lawsuits, an SEC investigation and loss of insurance protection.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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