Our Mission

To empower global boards with innovative education and technology to discharge their fiduciary duty of care.

 

Let our simplicity solve your complexity

In addition to our ISO 9000-based global fiduciary assessment and certification of nonprofits and pension plans, we are preparing to launch “CyberGov™: Fiduciary Cyber Compliance for the Global Enterprise.” This new resource will specifically address the cybersecurity compliance needs of global enterprises, providing tools and guidance to support robust fiduciary governance in the cyber domain.

Board members, as fiduciaries, can be held personally liable if they fail to fulfill their duty of care. For instance, in Tibble v. Edison International (Docket 13-550, 2015), the U.S. Supreme Court unanimously ruled that Edison International’s board had neglected its fiduciary responsibility by not ensuring ongoing monitoring of retirement plan investments. This case highlighted the board’s obligation to maintain continual oversight of assets under their care.

As global cyber threats are projected to cause financial losses of $11 trillion by 2025, some experts suggest that Tibble may set a precedent for board accountability in cybersecurity oversight. Boards could soon face similar scrutiny regarding their cyber policies and procedures, reinforcing the critical importance of continuous, proactive cybersecurity governance.

The complexity of integrating cybersecurity risk with enterprise risk sets a whole new challenge to the fiduciary responsibilities of the board. What is required is an intelligent, flexible, and comprehensive resource to help them demonstrate that they are constantly monitoring their organizations’ conformance with best practices. CyberGov™ will be that resource.

What benefits would such a resource provide?

  • Consolidate all relevant operational and management data through a customized document management system.
  • Ensure compliance with industry best practices, while also maintaining a continuous audit mechanism to log the “who,” “what,” “when,” and “where” of any fiduciary duty breaches, reporting promptly to the designated individual or committee.

Why Diogenes?

We are committed to challenging the status quo by developing tools that empower board members and trustees to better understand and actively monitor their fiduciary responsibilities. Our work is rooted in the classical principles of integrity and normative deontological ethics, emphasizing that the morality of an action should be judged on its inherent rightness or wrongness according to a set of rules, rather than by evaluating its consequences.

What is the problem?

Cyber risk is part of company and enterprise risk. Understanding and monitoring the two requires a different paradigm, one that focuses on the integration of business judgment with quantitative assessments.

What is our solution?

Our SaaS¹, called “CyberGov™: Fiduciary Cyber Compliance for the Global Enterprise”, will augment traditional data management with advanced artificial intelligence that incorporates human-like reasoning known as Causul AI. Unlike traditional AI  Large Language Models like ChatGPT which require huge data sets and is a “black box”, Causul AI can operate with much less data, incorporate human reasoning using Bayes Theorem, provide  greater transparency,  and foster more ethical decision making.


SaaS¹: Software as a Service

Our recent blog articles

2024-11-07 in Uncategorized

Helping staff and board members better communicate about cybersecurity

A critical gap for many organizations is that board members—those bearing ultimate fiduciary responsibility—often lack the expertise to fully assess whether the technical practices implemented by the CISO adequately support…
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2022-08-16 in Company news, Governance

Augmented Intelligence for Monitoring Enterprise Cyber Risk

In this post I explore the concept of “Augmented Intelligence” (which I have dubbed “AugI”) and how it can support board members in meeting their fiduciary duty of care regarding…
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2022-04-04 in Company news, Education, Governance

Cybersecurity for enterprise boards is multidimensional

In a post on the Harvard Law School Forum on Corporate Governance titled “Cybersecurity: An Evolving Governance Challenge”, the authors highlighted the following three main issues. I have added a…
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2021-05-11 in Education, Governance

Three lessons for boards and trustees from the Colonial Oil ransomware case

The Colonia Oil debacle was catastrophic by itself. Suppose the bad actors had shut down the entire electrical grid at the same? Suppose they could have compromise access to the…
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2021-03-03 in Company news

We have updated the description of our company’s ethical posture

The discussion about ethics has exploded on the web, particularly in the context of facial recognition and Facebook’s use of personal information. In doing a complete revision of our website,…
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2021-02-26 in Education, Governance

Cybersecurity risk, fiduciary liability and how to manage them from a Board’s perspective.

In this blog post, I will share my thoughts on why cyber risk is considered a board level fiduciary responsibility, the need for a globally sourced set of board level…
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Assess — correct — protect.    

Assess — correct — protect.    

Assess — correct — protect.    

Assess — correct — protect.    

Assess — correct — protect.    

Assess — correct — protect.