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  • 01 Oct 2018 by Digital Directors Network

    Celebrate #NationalDigitalDirectorsDay With A Call For Corporate Boards To Respond To Their Amazon Moment

    The Future Of Business Needs Corporate Boards To Improve Their Technology and Cybersecurity Oversight To Shape and Secure The Digital Future

    Every corporate board lives in fear of Amazon entering their industry.”

    —Bob Zukis, DDN CEO

    EL SEGUNDO, CA, USA, October 1, 2018 /EINPresswire.com/ -- Digital Directors Network (DDN) www.digitaldirectors.network the only association of technology and cybersecurity executives and directors working to improve corporate digital governance has declared October 1st #NationalDigitalDirectorsDay. DDN encourages the public to show their commitment to the digital future by calling on the companies they do business with to add a Qualified Technology Expert (QTE) to their corporate board with the hashtag #NationalDigitalDIrectorsDay and #QTE.

    “It’s 10-01, what a perfect day for corporate boards to make sure they have the right technology and cybersecurity skills in their director ranks,” said Bob Zukis, DDN CEO who will make the announcement today at the National Association of Corporate Directors Global Leadership Summit in Washington, DC.

    Zukis calls this the Amazon Moment for corporate America. “Right now the cybersecurity risks are the headlines, but this is only one side of the story. It’s been said the software is eating the world, well, it’s more like Amazon is eating the world and they are doing it through technology. Every board lives in fear of Amazon entering their industry.”  

    Zukis, who is also a Professor at the USC Marshall School of Business refers to this as “opportunity risk” when speaking with corporate boards. “The future of business has a digital backbone, and corporate boards need these skills to advise and guide their companies,” he adds.

    Recent boardroom survey data identified risk, security and new technologies as the hardest issues corporate directors are struggling to keep on top of.

    Working in the public interest, DDN is leading an effort to change the digital tone at the top of corporate America. “Cybersecurity is a public interest issue and SEC Commissioner Jackson has called it the most pressing issue in corporate governance today. As consumers we need the companies we choose to do business with to do a better job with cybersecurity, and this starts in the boardroom. We're better than this,” Zukis added.  

    DDN recommends that boards add a Technology and Cybersecurity Committee to effectively address these issues and calls for Qualified Technology Experts to serve on corporate boards. 

    About DDN  
    DDN is a boardroom engagement and education platform for directors and the only curated executive association of board qualified technology and cybersecurity experts, directors and organizations working to improve corporate digital governance. Membership is free for board ready digital and cybersecurity executives and directors.  

    For more information please email info@digitaldirectors.network.

    Bob Zukis
    Digital Directors Network
    310-528-9945

  • 05 Sep 2018 by Digital Directors Network

    DDN Calls for a Technology & Cybersecurity Committee on US Public Company Boards

    Improving America’s Digital Tone at the Top to Shape and Secure Our Digital Future

    September 05, 2018 08:24 AM Eastern Daylight Time

    Los Angeles--(BUSINESS WIRE)--Digital Directors Network (DDN) www.digitaldirectors.networkthe only association of technology executives and directors working to improve corporate digital governance, calls on US public company boards to add a Technology & CybersecurityCommittee (T&C Committee) to improve digital oversight and support the public interest in shaping and securing America’s digital future.  

    SEC Commissioner Robert E. Jackson Jr. recently called the rising cyber threat “...the most pressing issue in corporate governance today.”  During his speech at Tulane’s Corporate Law Institute, he also commented that “...the digitization of our economy is revolutionizing the way business is conducted.”  

    A T&C Committee will allow corporate boards to bring a much greater degree of focus,  efficiency, knowledge and accountability to how they protect the information that the public entrusts them with as well as how companies use IT to create value. DDN also calls for at least one Qualified Technology Expert (QTE) to serve on the T&C Committee. 

    “The digital tone at the top has to improve in corporate America” said Bob Zukis, DDN CEO.  Zukisis also a USC Marshall School of Business Professor, governance expert, former software and PwC executive. 

    According to the CompanyIQ™ Cybersecurity& Board Oversight Intelligence Report

    from MyLogIQ (www.MyLogIQ.com), only 11% of the S&P 500 have technology committees and less than 1% have cybersecurity committees.  While audit committees are often tasked with cybersecurity oversight, MyLogIQ research indicates that 36% of the S&P 500 and 60% of the R3000 make no mention of board level cybersecurity oversight in their proxy filings.    

    “I’m hopeful we can avoid a similar Enron moment around IT governance” says Zukis.  The Sarbanes-Oxley Act of 2002 was born from the Enron collapose and required US corporate boards for the first time to have at least one qualified financial expert on their audit committee.    “Boards can address these IT oversight shortcomings themselves, or regulators will step in again.” 

    DDN helps boards improve digital governance to bring focus, knowledge and effectiveness to corporate oversight.   

    About DDN   

    DDN is the only curated association of digital and cybersecurity executives, directors and organizations working to improve digital governance.  Membership is free for digital executives and directors.  

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    For information email info@digitaldirectors.network.

    Contacts

    Digital Directors Network
    Bob Zukis, CEO
    bob@digitaldirectors.network