Behind closed doors, what are corporate board members sayingor not sayingabout cybersecurity, executive compensation, and social media? For this we turn to the results of the 2013 Law in the Boardroom survey of some 550 directors and general counsel, from Corporate Board Member and FTI Consulting. See how your company stacks up:
What GCs and directors worry about
Data Security: Both general counsel and directors ranked data security second on the list of things keeping them up at night. (GCs ranked regulatory compliance first; for directors, the number one worry is succession/leadership transition.)
That may have something to do with how confident they feel about their companys ability to quickly detect a cyber breach and assess the damage:
Only a third of general counsel feel very confident in their companys ability to respond, and less than a quarter of directors agree . . . While more than half of both groups (51 percent of GCs and 63 percent of directors) are at least somewhat confident in their companys ability to handle a breach, is that enough, given the escalating risks in this new electronic era?
