Technology & social media Archive

Jul 11, 2017
Attorney outlines corporate secretaries’ cyber-security role
Corporate secretaries have an increasingly demanding role to play in the hot-button field of cyber-security, and Simpson Thacher & Bartlett counsel Yafit Cohn recently outlined ways they can help their boards. The role of a corporate secretary in this area includes understanding what information needs to get to the company’s directors – such as what risks the company faces and what steps the firm is taking to address them – Cohn told delegates at the Socie...
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May 11, 2017
Broker CCOs get Finra answers on social media
Chief compliance officers (CCOs) at broker-dealers have received new insight into regulators’ thinking on how their firms should approach the thorny topic of social media and other new technologies. The advice includes some reassurance on the use of native advertising and a cautious stance on hyperlinks, related content and testimonials. The challenge for firms is that, although they and their employees want to use platforms such as Twitter and LinkedIn to promote...
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May 04, 2017
Cyber security
The American Institute of CPAs (Aicpa) has launched a reporting framework designed to help directors, management and investors assess how companies are tackling the hot-button issue of cyber-security. The Aicpa hopes the three-part voluntary, principles-based framework can become the universal standard for companies to assess and report on their cyber-risk management programs, comparing it with other standardized accounting principles such as US Gaap and IFRS. ...
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Mar 20, 2017
CSA says no to social media
The Canadian Securities Administrators (CSA), composed of Canada’s 13 securities regulators, has issued guidance advising companies against using Twitter, Facebook or other social media platforms when revealing material information for the first time, Corporate Secretary sister publication IR Magazine reports. In the US, companies can post material information on such platforms first – as long as they’ve already told investors which channels ...
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Mar 16, 2017
Minority of board meetings all in-person, research finds
A paper released this week by Corporate Secretary and sponsored by Diligent finds that just 31 percent of respondents say their board always meets with everyone in person. The research includes responses from more than 300 executives responsible for the preparation of board materials. The findings on in-person attendance at meetings highlight the growing prevalence of technology in board activities. In recent years,...
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Mar 01, 2017
Financial services industry groups want regulators to be cautious about imposing requirements on banks’ boards as they seek to boost cyber-security in the industry. The Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation in October sought comment on an advance notice of proposed rulemaking (ANPR) regarding potential enhanced cybe...
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Feb 22, 2017
Companies need to draft their social media policies for employees carefully and in a targeted fashion to avoid drawing regulatory fire, according to Kelly Ann Bird, director of employment and labor law at Gibbons. Ninety percent of workers admit to recreational use of the internet, including social media platforms, during company time – activity that raises concerns about issues such as the release of sensitive information or negative comments, Bird told attendees...
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Feb 16, 2017
Just over one in five retail banking and insurance executives (21 percent) are highly confident their firm could detect a data breach, according to new research. The study by Capgemini suggests that while banks are committed to building more robust cyber-defenses, their efforts are lagging behind the sophistication of hackers and a wave of forthcoming regulation designed to protect consumer data privacy: less than half – 40 percent – of executives surveyed by Ca...
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