CEO Concern About Personal Data Privacy/ Security Risk Continues to Increase
New breaches happening daily capture everything from credit data to health records to fingerprints—and put CEOs and their families at risk
New breaches happening daily capture everything from credit data to health records to fingerprints—and put CEOs and their families at risk
John Chambers and Myron Ullman, CEOs of Intel and JCPenney, raised eyebrows recently by co-writing a Wall Street Journal op-ed piece in which they called for Congress to approve legislation that would “break the business model” of “patent-assertion firms,” otherwise known as patent trolls, which collectively cost the two companies more than one-third of a billion dollars in legal expenses over the last five years.
Due to their high profiles, CEOs face heightened risk from credit card and other personal data and privacy breaches.
In Against the Gods, the best-seller about the history of measuring risk, author Peter Bernstein writes that the difference between modern times and the past is the “mastery” of risk. Understanding, weighing and acting on risk is a fundamental task for chief executives.
Enterprise risk management is a top priority today for the C-suite and corporate boards given the changes in regulatory compliance and the rapidly evolving risks of cybersecurity, social media and geopolitical issues.
Data on newly formed companies and their founders are hard to come by, but a vital component to measuring economic health emerged in a recent study of today’s entrepreneurs. LegalZoom and the Ewing Marion Kauffman Foundation surveyed 1,431 business owners who formed their companies through LegalZoom in 2012. Policy makers should heed the finding that certain barriers impede start-ups at a critical stage of development.
Litigation does not have to be an uncontrollable factor in the valuation of any business. By properly evaluating the potential for materiality and future litigation, and the connection between the litigation and the business plan, investors can make informed decisions, with a full understanding of the legal risk associated with a potential company.
A downturn makes taking risk more daunting than ever—and more necessary.
Effective risk management oversight by boards of directors — accompanied by risk-centric culture and governance — is the best defense against earnings surprises, reputational and legal problems, and financial ruin. Here are seven essential questions every board must consider.
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