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When it comes to risk management, corporate board members may be surprised (and dismayed) to know that they themselves pose security risks to the business, according to a new Thomson Reuters survey.
The Thomson Reuters annual Board Governance survey -- which covers more than 125 general counsel and company secretaries across a wide-ranging cross-section of industries and geographies globally -- shows that corporate board communications present genuine security risks.
Here are a few of the survey's key findings:
The moral of the story: Security of board communications is essential to the security of your company. So what steps can you take to improve security?
Brevity is your best friend. Encourage board members to develop briefer reports and presentations.
Also, consider going paperless. The most secure alternative is to use a private mobile board portal to share your sensitive board information. You certainly wouldn't be alone: 52 percent of organizations are already doing it, according to the survey.
As a first step, board members should fill their cybersecurity knowledge gaps and make security a priority.
(Disclosure: FindLaw is a Thomson Reuters business.)
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