Issue link: https://digital.shearman.com/i/1035494
Shearman & Sterling LLP Cybersecurity – Board Oversight | 19 The timing of the SEC announcement – in the thick of the proxy season and followed by months of media reports of executives and public company ARE BOARD MEMBERS BECOMING MORE CYBER-FOCUSED? boards being called to answer for a series of high-profile breaches – may have resulted in a reconsideration of proxy disclosures related to board governance over the last year. Here is how disclosures about board oversight over cybersecurity matters for the Top 100 Companies changed this year: RESPONSIBILITY FOR CYBERSECURITY MATTERS DIRECTORS WITH CYBERSECURITY EXPERIENCE CYBERSECURITY RISK MANAGEMENT The number of Top 100 Companies that indicated that the board and/or a board committee had responsibility for cybersecurity matters: The number of Top 100 Companies that specifically identified directors with cybersecurity or data security experience: The number of Top 100 Companies that identified cybersecurity as part of the board's oversight role over risk management: 2017 59 84 2018 2017 2018 2017 2018 29 58 35 85