Financial Services Boards - Evolving Expectations and Cyber Risk
May Breakfast Briefing
The role of the Board is changing. Boards are not only expected to focus on their fiduciary duties and traditional responsibilities such as strategy and risk, but must also effectively help shape, advise and support management on areas such as innovation, risk, talent, and culture. In some cases board members are not fully equipped to lead and challenge management in these areas. This requires new perspectives to Board composition and education, increased levels of stakeholder engagement and a change in both the Board agenda and dialogue in the boardroom.
Financial Services Boards and Cyber Risk
The event addressed the impact of these evolving expectations on financial services Boards, focusing on the following:
- Board effectiveness – what factors are necessary to equip Boards and individual Directors to be effective and have impact?
- Cyber Risk – the current landscape of Cyber Risk and its impact on Financial Services Boards