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Bill Requires Disclosure of Board’s Cyber-Security Expertise

Joe Mont | December 29, 2015

Security experts have long pressured companies to bring cyber-security expertise onto their boards of directors. Newly proposed legislation could apply even more pressure.

U.S. Senators Jack Reed (D-R.I.) and Susan Collins (R-Maine) have introduced the bipartisan Cyber-security Disclosure Act of 2015.  It seeks to strengthen and prioritize cyber-security at publicly traded companies by encouraging the disclosure of cyber-security expertise, or lack thereof, on corporate boards at these companies.

According to the National Association of Corporate Directors, just 11 percent of public-company boards that were surveyed reported a high-level understanding of cyber-security. A similar...

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