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Governance – Compliance

Data Security: A Board Responsibility?

business review

In 2014 alone, there were nearly 800 identified data breaches involving over 85 million records, according to the Identity Theft Resource Center Data Breach Reports. Regulatory officials have rushed to propose cyber security guidelines and adopt cyber security requirements. In addition, multiple lawsuits have been filed alleging that board misconduct significantly contributed to the financial fallout from compromised company data.

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Time For a Do Over: How Do You Move On When You’ve Picked the Wrong CEO Candidate?

Saporito

Seeing the need for a new CEO, a client went about it the right way and began developing a thoughtful, strategic succession process. The company began grooming two or three in-house candidates, eventually zeroing in on one they thought would be ideal. However, the dynamics changed as the process went on. In cultivating their CEO-to-be, they came to realize they were actually betting on the wrong horse.

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6 Steps for Successfully Negotiating With an Activist Investor

Before launching an all-out offensive against an activist investor, both sides should consider a middle path. No one has a monopoly on wisdom, and often an activist will have a worthwhile suggestion. Moreover, being willing to listen to properly presented ideas from a significant shareholder is part of a CEO’s and a board’s fiduciary responsibility.

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Post-GE, How Dodd-Frank Will Affect the FinServ Market in 2015

GE CEO Jeffrey Immelt has some very specific reasons for launching a vast restructuring of the American industrial giant that will have the firm sell off GE Capital and exiting the financial services industry. But many of the forces that prompted Immelt’s major strategic move also afflict other financial-services companies, and these pressures aren’t going away.

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Create Competitive Advantage By Giving Your Board Members Clear Responsibilities

Today’s companies operate in complex and risky environments. To help navigate this increasingly challenging and dynamic climate, many boards are rethinking who should be around the boardroom table and what should be on the agenda. But while the who and the what are good places to start, they are bad places to stop. The real challenges—and opportunities—lie in how the board works together.

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How Skilled Are You at Tapping Into Your Board’s Expertise? Take This 5-Question Quiz and Find Out

One of the most critical teams the CEO has to manage is the board, and smart CEOs understand that a well-assembled board can be one of the most potent partners and resources a CEO can have. We recently spoke with Constance Lau, President and CEO of Hawaiian Electric Industries Inc., and Dante C. Parrini, Chairman and CEO of PH Glatfelter Co., to better understand how they partner with their boards. Consider asking yourself the same questions we asked them.

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