In Episode 44 of the CXO2 Minute, Wayne discusses why CISOs don’t sit on the Board of Directors despite the growing importance of cybersecurity measures.
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.
01:16 — The recent Twitter whistleblower lawsuit is shedding new light on the relationship between the CISO and the Board of Directors.
02:04 — The board’s job is to solve the “agency problem.” Managers are acting agents for the company’s owner(s). The board’s job is to oversee operations above management to ensure the owners’ interests are being served.
03:17 — In the United States, the board doesn’t exist to run the company. The notion that CISOs should be on the board contradicts this idea.
04:33 — CIOs and CISOs should be on somebody’s board (more on that in pt. II), but exist separately from the organization’s Board of Directors.
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