In Episode 44 of the CXO2 Minute, Wayne continues his examination of a CISO’s place within an organization and the responsibility that boards have for understanding risk and opportunity within their own technology, emphasizing a great need for IT expertise.
This episode of the Future CXO Minute is sponsored by Community Summit North America, the largest independent gathering of the Microsoft Business Applications ecosystem taking place October 10-13 at the Gaylord Palms in Orlando, Florida. With 500+ Dynamics 365 & Power Platform sessions and over 300 speakers, this event is a must-attend for Microsoft customers. Go to summitna.com for more details.
00:01 — Wayne previews this episode’s sponsor, Community Summit North America, a live event to be held October 10-13 in Orlando, Florida.
01:11 — Wayne talks through the board’s perspective on the present internal battle between Twitter‘s Board of Directors and CISO. The CISO alleges management misled the company’s Board of Directors.
01:32 — Boards are no longer getting away with a lack of IT expertise. Wayne details the role of a QFE on public company boards.
02:23 — The QFE provided knowledge and oversight directly to the board in every meeting.
03:13 — Wayne explains why being the CFO of a tech company doesn’t necessarily qualify someone as a technology expert.
04:09 — Broad and deep experience in IT risk and opportunity doesn’t always make someone a CISO, but is always useful.
05:00 — Boards need the know-how to interpret what outside experts are telling them. Boards owe it to company owners and shareholders to be knowledgeable enough to ask good questions and understand the answers.
06:06 — If a board is being misled without knowing it, then it’s “shame on the board.” Technology is too important in most companies to be left entirely to technologists.
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