Using our CompanyIQ® corporate governance database, we analyzed the DEF 14A proxy disclosures of S&P 500 companies to identify how they are managing cybersecurity risk. With the SEC’s proposed rules for enhanced cybersecurity management disclosures in the public comment period until May 9, 2022, the data in our report may help benchmark best practices.
NACD Directorship looks at cybersecurity oversight risk among S&P 500 companies. Some of the findings of their review of board leadership on digital practices include: Citrix, FedEx, General Motors, Hasbro, and Walmart make top grades for digital competency. …In short, boardroom leadership on digital governance makes a difference-a big one. …Director competencies are the starting…
New interpretive guidance from the Securities and Exchange Commission (SEC) in February 2018 makes it clear that staff there will be paying increased attention to cybersecurity risks and how well publicly traded companies are disclosing them. Concern among investors, customers, and regulators about data protection and infrastructure safety continues to grow. A robust cybersecurity program…