Reference no: EM132511346

Assessment Criteria:

Demonstration of knowledge of the issues and evidence of wide reading to support your analysis

Demonstration of your ability to apply the knowledge to identify keys issues leading to your recommendations

Evidence of sound reasoning and the exercise of professional judgement to support your recommendations

Development and statement of concise recommendations for presentation to the Chairman

Overall structure and professional presentation of your report to the Chairman

High quality written communication of concepts and terms as the Chairman can be assumed to be professionally competent in corporate governance

Case Study

Countering cyber risk presents a significant strategic challenge to leaders across industries and sectors but one that they must surmount in order to take advantage of the opportunities presented by the vast technological advances in networked technology that are currently in their early stages. Over the past decade, we have significantly expanded our understanding of how to build secure and resilient digital networks and connected devices. However, board-level capabilities for strategic thinking and governance in this area have failed to keep pace with both the technological risks and the solutions that new innovations provide.

Boards have a vital governance function, determining overall company behaviour and setting a company's risk appetite. For boards, action means effectively exercising oversight by asking managers the right questions to ensure that the boards' strategic objectives are met. This function is no different in the area of cyber resilience. By offering the following principles and tools, the Forum hopes to facilitate useful dialogue between boards and the managers they entrust with the operation of the companies to which they owe their fiduciary obligations.'