Board Briefing: Going From Boardroom Laggard to Leader: Driving Value From Cybersecurity and Digital Governance

UnitedHealth Group disclosed their cybersecurity incident cost the company almost $ 2.5 billion in 2024 — a financial bill that the UNH investors foot through wasted capital deployment on an issue that could and should have been avoided. And, Crowdstrike’s stock price was down 40% after their summer 2024 incident. As the far-ranging impacts of technologies like AI change the opportunity and risk landscapes for every company, we are likely to see more of these headlines without substantive boardroom oversight reform. 

Whether financial costs, share price impacts, brand, customer trust or loyalty, third-party liability, or legal costs, the costs and implications of cyber incidents are  only increasing and expanding for companies. The boardroom has a vital role to play in leading their companies safely and successfully into the digital future. Evidence is growing around the benefits of corporate governance leadership in digital, cybersecurity and systemic risk oversight — digital and cybersecurity success starts in the boardroom. 

Join Corporate Board Member Network as we host Bob Zukis, founder of Digital Directors Network, for a discussion on digital, cybersecurity and systemic risk governance issues and the specific policies and practices that your board can take to strengthen your digital and cybersecurity governance efforts. 

Discussion Highlights: 

• Shareholder proposal advocate Tulipshare is pushing for an AI Committee through the 2025 proxy voting agenda for Berkshire Hathaway. Will institutional investors become a stronger force of digital and cybersecurity governance reform?
• AI is getting a lot of headlines. How do corporate boards build an adaptive governance system capable of overseeing this technology innovation, and the next ones? 
• A significant NIST CSF 2.0 framework update specific to cybersecurity governance has served to normalize cybersecurity as a required boardroom function. What steps can boards take to normalize digital, cybersecurity and systemic risk oversight as a structured part of corporate governance?
• With the new SEC disclosure rules, there has been a 60% increase in the number of cyber incidents disclosed by public companies, but most filings are non-compliant. What do boards need to know about and disclosing and determining the material impacts of cybersecurity incidents?

This Board Briefing will help you think about the governing the complex digital business systems that power the vast majority of your company’s value proposition and the policy and procedural actions that you need to consider from the world’s expert on these issues.   

About Our Speaker

Bob Zukis, QTE is the world's leading advocate, educator, and advisor on systemic risk, and digital and cybersecurity governance.  

He founded DDN to address the lack of digital transformation and cybersecurity expertise in the corporate boardroom and to help directors and their companies more effectively govern the systemic risks and opportunities of digital technologies.  

 Bob's experience and background includes: 

• CEO and Founder, DDN
• Adjunct Professor at the USC Marshall School of Business
• Senior Fellow ESG Center and Member of the Cyber Advisory Group, The Conference Board 
• Board Member Emeritus, National Association of Corporate Directors Pacific Southwest Chapter
• PwC Advisory Partner, IT strategy and operations practice leader, west coast cybersecurity leader and member of the Global and APAC Leadership Teams (Retired)
• Various advisory boards
• Former CEO and Executive Director at Bloomfire Inc. 
• Named to the Financial Times Agenda Digital 50
• MBA, The University of Chicago Booth School of Business

Host: 

Jamie Tassa, Publisher, Corporate Board Member