To lead change, directors must become more conversant in artificial intelligence.

Preventing cybersecurity incidents means knowing how the company manages risks and protects sensitive data.

Not all board members have cybersecurity expertise, but all can play a vital role in protecting their company’s sensitive information. It comes down to asking the right cybersecurity questions of the company’s chief information security officer (CISO), including questions on risk frameworks, threat actor profiles and appetite for customer friction.
 

For boards, China operations are about strategy, but also core values.

Most every multinational company has a connection to China, whether in the form of supply chains, investment or economic and geopolitical risk. 

Disclosure rules and risk concerns are also on directors’ minds.

Nearly half of Fortune 500 board seats went to first-time directors in 2021.

First-time directors are gaining in prominence, according to Board Monitor US 2022, a publication from executive search firm Heidrick & Struggles. In fact, the report found that 43% of seats filled by Fortune 500 boards in 2021 went to individuals who were serving on their first board. 

Human resources expertise on the board aids talent retention and recruitment strategies.

Inflation, cybersecurity and SEC proposals are on the audit committee agenda.

Chief security officers must communicate cyber incidents in a straightforward, understandable fashion.

In a business landscape that is increasingly complicated by cybersecurity threats, boards should expect effective communication on the cybersecurity risk management program from company management. That communication should come from the individual most qualified to convey the information: the company’s chief security officer. 

The SEC’s proposal could affect public company approaches to strategy, talent and more.

Current board understanding of the technology is woefully low.

On a scale of 1 to 10, directors’ understanding of blockchain rates at a 4.