www.digitaldirectors.network
DOMINO: Solving the Digital, Cybersecurity
and Systemic Risk Governance Puzzle
The digital world is all around us. The digital future will be
what we make it — or what we allow it to become if it remains
ungoverned.
The corporate boardroom has a vital role to play in shaping and
securing the digital future and our mission at DDN is to make sure
that every corporate board is a high-performing part of their
company’s digital journey. Together with our members, this is
the problem that we are solving — and we know that solving it
drives significant business value — and we know how to solve it.
But the digital future is stumbling forward as it is being tripped up
by old, new and different types of risks. Boardroom leadership
and capability on these issues is often lacking which creates
weakness throughout the system. This weakness impairs the
economic growth, output and resiliency of businesses and
economies around the world.
DOMINO 24 was focused on accelerating and
scaling the solutions that are helping boardroom
and executive leaders strengthen directorship and
the role of the board in shaping and securing the
digital future.
While boardroom awareness of digital innovation,
cybersecurity and systemic risk is as high as
it ever has been, the strength of the
boardroom as a control is far weaker than it
needs to be.
The advent of artificial intelligence (AI), high
profile cybersecurity incidents and new
regulations from the U.S. Securities and Exchange
Commission and in the EU have delivered many
different wake-up calls. But not enough is being
done, fast enough, to strengthen the critical
capabilities needed from boardroom leadership.
Remarkably, there are also some organizations
working against common sense board reform on
these issues, making our job collectively harder but
the job of the hackers easier.
The cybersecurity failings of the corporate
boardroom were recently on full display during
the largest cybersecurity incident in American
healthcare history at UnitedHealth Group (NYSE:
UNH). During Congressional testimony from the
UNH CEO. U.S. Senator Ron Wyden attributed
this cybersecurity failure to a lack of boardroom
leadership pointing to the fact that there is no
director cybersecurity expertise on the UNH board.
Directors with cyber expertise addresses one
key part of solving this puzzle, but much more is
needed.
DOMINO’s world-class learning experience helps
corporate directors and executives rise to this
digital leadership moment to learn how to lead
their companies safely and securely into the digital
future. Focused on governing digital value creation
and protection, the good news is there are many
corporate directors, digital and cybersecurity
executives already leading in the boardroom on
these issues. And evidence shows that when
corporate directors lead on these issues,
positive business impacts follow.
In a highly connected world, risks are distributed
CEO Letter