Director Today - October 2016

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ROLE OF BOARD: Cyber Security and Risk Governance - A wake up call for Directors.
The boards are central to the governance of companies, and their basic governance responsibilities remain more or less the same across the world. As trustees of the shareholders, the boards play a key role in providing direction to the companies in terms of approving the strategy, maintain their integrity, enhancing their performance, and ensuring that the companies operate in the best interests of the shareholders and other stakeholders. Given the complexity of today's corporate structures and rapid changes that are occurring in the economy and the market, this is no mean task. Adding to these complexities are the heightened expectations of the shareholders and the enhanced regulatory requirements that demand more accountability and transparency- all of which are creating new challenges for the boards.