New NACD Cyber-Risk Handbook a Reminder of Critical Board Oversight Duties

*This article first appeared in Bloomberg BNA Corporate Law & Accountability Report on February 23, 2017

On Jan. 12, 2017, the National Association of Corporate Directors (NACD) released its new “NACD Director’s Handbook on Cyber-Risk Oversight.” The NACD has suggested that directors can use this Cyber-Risk Oversight Handbook as a resource to “[l]earn foundational principles for board-level cyber-risk oversight” and gain insight into issues including how to:

• “allocate cyber-risk oversight responsibilities at the board level”;
• address “legal implications and considerations related to cybersecurity”;
• “set expectations with management about the organization’s cybersecurity processes”;
• “improve the dialogue between directors and management on cyber issues”; and,
• “improve and enhance boardroom practices.”

Read More