March 27, 2023

Five ways to strengthen board decision-making and benefit from the recent strug

March 24, 2023

Managing risk requires compliance program evaluation, thorough audits and a cle

March 23, 2023

My Board Journey

March 22, 2023

Investors are showing no hesitancy to object to nonpreferred pay decisions and

March 16, 2023

A new report finds CEO and CFO base salaries increasing but bonuses on the decl

March 14, 2023

What Directors are Thinking

March 9, 2023

With more than half of companies failing to plan for CEO succession, the topic

March 9, 2023

To contribute effectively during economic uncertainty, directors need candor, c

SEC Proposal Seeks Quicker, Standardized Disclosure of Cybersecurity Incidents

Speedy disclosures present possible headaches for boards and companies.
The SEC recently proposed amendments to its regulations to strengthen and standardize disclosures by public companies in the areas of cybersecurity risk management, strategy, governance and incident reporting. 
The amendments would require up-to-date reporting on cybersecurity incidents and periodic reporting to supply updates on previously reported incidents. It would also mandate disclosures on: 

ESG and Talent Retention Lead the Annual Meeting Agenda

The issues that will demand attention from shareholders.
As boards and company management teams prepare for 2022 shareholder meetings, they are confronted with a host of issues, including evolving regulatory and reporting guidance for ESG, an expanding need for employee engagement to retain valued talent and the increased threat of disruption due to technological and cybersecurity risks.

Boards and Management Must Work Together to Strengthen Cybersecurity

Identify cybersecurity communication gaps and ways to close them.

With both boards and management concerned about the effect lax cybersecurity can have on a company, it is essential that both groups work together to close communication gaps on the subject and continue toward the goal of effectively protecting the organization’s information assets.

Common Communication Gaps

Carl N. Kriebel is a shareholder at Schneider Downs & Co. Inc., with extensive experience in advising client executive, audit and compliance boards on the state of their programs. 

Exposure to P&L Talent Pipeline Means More Women CEOs

Be intentional about moving women into executive roles.

Kimber Maderazzo is chair of the board of C200, a community representing successful women in business.

Ukraine and Corporate Boards

Preparing for cyber risk should be high on the director checklist.