Technology & social media Archive

Oct 16, 2013
Visionary management consultant Peter Drucker once said: ‘Every organization has to prepare for the abandonment of everything it does.’ Never have his words been more relevant. What is driving today’s imperative for corporate boards to jettison old forms of governance and embrace new ones? The answer is literally at our fingertips: the power of today’s technologies. Every age has had a signature transformative leap, from sailing ships to railroads to the telegraph....
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Oct 14, 2013
One of the hotly debated topics at this year’s annual Society of Corporate Compliance and Ethics (SCCE) Conference was the role social media should play in supporting the compliance and ethics officer. It is now six months since the SEC officially deemed social media a suitable outlet for companies to disseminate material information to investors. But in this new post Dodd-Frank era, compliance officers and corporate governance professionals are still skeptical about the...
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Sep 23, 2013
A new report on cyber security risk challenges three common myths: cyber criminals are only interested in government, military and major corporations; attackers prefer to use the newest technologies; and data breaches are easy to detect. The 6th annual Verizon 2013 Data Breach Investigations Report (DBIR) is the result of collaboration among 19 global organizations, law enforcement agencies, national incident-reporting entities, research institutions and pr...
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Aug 15, 2013
Corporate boards often need to take critical votes in times of crisis or when directors’ schedules conflict. Getting everyone together quickly in the same place may not be possible, but board portal voting can be a viable option. Corporate Secretary will hold a free, 30-minute webinar on Tuesday September 10 that will cover how to conduct a legally valid vote with board portal technology.  Topics discussed will include:
    •    C...
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Jul 17, 2013
While the rest of the world is consuming all things social media, many corporate board members continue to take a wait-and-see approach. At the third annual WomenCorporateDirectors (WCD) Global Institute held in New York in May, at which boards and technology were discussed, 55 percent of directors in an onsite poll said their boards were ‘not that comfortable’ or ‘very uncomfortable’ with social media. Boards are uneasy about the use of social media ...
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May 07, 2013
Managing the sharing of documents across a corporation and beyond can be taxing for corporate secretaries and the general counsel’s office. Virtual data rooms, which eliminate the need for physical security, scheduling visits to view documents and other logistical and costly issues, have made document sharing much easier over the past decade. Seeing an opportunity in the $628 million industry, NASDAQ OMX Group has jumped into the ring with a new product called Wor...
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Apr 05, 2013
The SEC recently issued a report that clears the way for companies to use social media outlets like Twitter and Facebook to announce key compliance information, so long as investors have been told in advance which social media outlets will be used. According to the Securities and Exchange Commission’s April 2 report, a CEO can now legally disclose material information about his company on his pe...
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Mar 07, 2013
Companies spend millions of dollars on information technology (IT), yet despite that hefty investment, they often don’t conduct an IT audit risk assessment. According to the 2012 IT Audit Benchmarking Survey from consulting firm Protiviti, most businesses do not conduct IT audit risk assessments, leaving them vulnerable to security breaches and privacy violations as well as regulatory compliance and social media risk.  The survey also found that the top te...
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Feb 27, 2013
Social media is transforming how most companies operate, affecting how they communicate with customers, test out new products and monitor their reputations. Over a billion people are registered on Facebook, and Twitter and LinkedIn attracts millions. Nonetheless, a 2012 Conference Board and Stanford Graduate School of Business survey of 180 senior executives and corporate directors in North America reveals that only a third of companies use social media to develop their co...
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