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.