Why Boards must consider cyber security as part of corporate governance. For many years now, Information security, including Cyber Security, has been left to the IT Department. However, even if your IT people are doing a stellar job, here are five reasons for Directors to bring Cyber Security into the Boardroom. Pending SEC Legislation Bill [...]
Many organizations have access to, or store PHI (Personal Health Information). Not all of them are aware that they have legislated responsibilities to protect that personal information on behalf of their clients. Personal Health Information can be defined as any health information related to an individual which can be used to identify that individual, or [...]
Information Security and Information Privacy are often confused with each other. It is important to understand the differences, and in some cases, the similarities. Information security vs. information privacy. Consider a window in your home. It is a vulnerability, as nefarious persons could break it and enter your home, but people could also just look [...]
Protection from the Information Security bad guys. You know there is some nasty stuff out there on the Internet. You also know that your employees use company computers and networks to access the Internet, both for work and personal reasons. However, you’re not sure if you are exposing your organization’s information assets to the bad [...]
The Best Incentive Plans Are Easy to Understand This morning I chatted with a Board Chair about how to implement a highly motivating compensation plan for his CEO. I shared with him the most effective plans that I had ever utilized. They had these characteristics. Easy to understand. Incentive plans work best when the reward [...]
Canadian Hearing Society CEO Julia Dumanian has an in-depth perspective on the challenges of the CEO role in today's organizations. In this blog series, Julia shares her insight on the role of the CEO. Julia Dumanian, CEO of Canadian Hearing Society When Julia was a Boardroom Metrics consultant, we asked her to document her [...]
Private Company Boards are Smaller and Less Independent Statistics show that private company Boards are smaller and less independent than public company Boards. This matters. The rationale that leads public company Boards to be larger and more independent also applies to private company governance. 1. Board independence. Private company boards are overwhelmingly composed of related [...]
Failed Boards are more common than people realize. Failed Boards are much more common than most people realize. Charged with the responsibility of identifying and mitigating risk; validating and overseeing strategy; and, hiring and performance managing the CEO, most organizational failures are the responsibility of the Board. From Enron to Volkswagen, Boards full of smart [...]