CG News Update Vol.6

Is Your Board Future-Ready?
June 5, 2019 By Jim DeLoach

Most organizations face an uncertain future that will be shaped by a mix of exciting market opportunities and emerging threats. With unrelenting, continuous, and disruptive change the norm, board members must ask themselves a fundamental question: “Are we future-ready?”

The term “future-ready” captures an action orientation with a focus on an important question: Does the board’s composition, focus, and agenda position it to best serve the company? Is the board ready to represent its stakeholders and achieve sustainable, long-term growth and profitability? Below are eight suggestions for preparing to be a future-ready board. (Read more click)

Cybersecurity Must Be Considered a Tier-1 Business Risk
May 30, 2019 By Dustin Owens

“Cybersecurity risks pose grave threats to our investors, our capital markets, and our country.”
This statement was issued by the US Securities and Exchange Commission (SEC) in February 2018, as part of its guidance on public company cybersecurity incident disclosure responsibilities. As we look back on this statement today, we see that more companies have embraced cybersecurity as part of their enterprise risk management (ERM) discipline.

And yet, many still have not: Research from Optiv found that only 18 percent of enterprises score “high” in aligning business objectives with security program management. This indicates that cybersecurity often functions outside of corporate business processes, which makes it incredibly difficult—if not impossible—to effectively mitigate cybersecurity-related business risk. (Read more click)
 

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