Directorship Responsibilities Relating to cyber security: Seminar

All our events content cater specifically to business owners and leaders who may not possess technical knowledge but still want to grasp the current state of cyber security and learn what actions they need to take in a straightforward and easy-to-understand manner.

Marc Degli

Join us for an informative and engaging seminar on the Directorship Responsibilities Relating to Cyber Security.

66 Clarence St

Directorship Responsibilities Relating to Cyber Security: SeminarJoin us for an informative and engaging seminar on the Directorship Responsibilities Relating to Cyber Security. This event will provide valuable insights into the crucial role that directors play in safeguarding organizations against cyber threats.During this in-person seminar, industry experts will share their knowledge and experiences, offering practical strategies and best practices for effective cyber security governance. You'll gain a deep understanding of the current cyber landscape, emerging threats, and the legal and regulatory obligations that directors must navigate.Whether you are a seasoned director or new to the field, this seminar is designed to equip you with the knowledge and tools necessary to fulfill your cyber security responsibilities. Don't miss this opportunity to network with fellow directors and learn from the best in the industry.Date: 8th Of August, 2024Time: 15:00 - 16:00 (Australian Eastern Daylight Time)Location: 66 Clarence StreetRegistration: Limited seats available. Reserve your spot now!Join us for this must-attend event and take a proactive stance in protecting your organization from cyber threats.

Talking Points for Seminar: "Fiduciary Duties of Business Directors in Australian Cybersecurity"Introduction to Australian Fiduciary Duties:Directors in Australia owe fiduciary duties derived from common law and the Corporations Act 2001.Emphasis on understanding the key fiduciary duties related to risk governance and cybersecurity.Duty to Act in Good Faith and in the Best Interests:Directors must act honestly and prioritize the company's best interests over personal or shareholder interests.Explore the implications and applications of this duty in the context of cybersecurity.Duty to Exercise Care and Diligence:Directors are expected to exercise a reasonable degree of care, skill, and diligence in their roles.Discuss the practical aspects, including staying informed, making informed decisions, and seeking professional advice.Duty to Maintain Confidentiality:Directors are expected to keep company information confidential, especially sensitive or non-public data.Highlight the importance of confidentiality in the cybersecurity context and its impact on risk management. Setting the Cybersecurity Strategy:Directors actively participate in developing and approving the organization's cybersecurity strategy.Involves setting clear direction and goals, considering risk tolerance, and adhering to regulatory requirements.Risk Oversight:Directors take responsibility for overseeing and managing cybersecurity risks.Includes identifying and assessing cyber threats and vulnerabilities, understanding potential impacts of incidents.Resource Allocation:Directors ensure the organization allocates necessary resources for effective cybersecurity practices.Involves approving budgets and personnel for cybersecurity investments and initiatives.Board-Level Reporting:Directors receive regular reports on the organization's cybersecurity posture, incidents, and risk management.Stay well-informed about cybersecurity performance and any incidents that have occurred.Regulatory Compliance:Directors ensure the organization complies with relevant cybersecurity regulations and standards.Stay aware of legal requirements, align organizational practices accordingly.Cybersecurity Policies and Procedures:Directors ensure the organization establishes and maintains appropriate cybersecurity policies, procedures, and controls.Regular assessment of the effectiveness of these policies and procedures.Incident Response Planning:Directors approve and oversee the organization's incident response plan.Ensure the organization is well-prepared to respond effectively to cybersecurity incidents such as data breaches or cyberattacks.

Agenda

Directorship Responsibilities: Fiduciary Duties

Duty to Act in Good Faith and in the Best Interests of the Company:

Overview: Directors must prioritize the company's welfare over personal interests.
Key Points: Acting honestly, considering the company as a whole.
Duty to Exercise Care and Diligence:

Overview: Directors expected to exercise reasonable care, skill, and diligence.
Key Points: Staying informed, making informed decisions, seeking professional advice.
Duty to Maintain Confidentiality:

Overview: Directors expected to keep company information confidential.
Key Points: Emphasis on handling sensitive or non-public information.
II. Legal Framework for Data Protection in Australia

Privacy Legislation Overview:

Overview: Protection of confidential, private, and sensitive information.
Key Legislation: Privacy Act, Privacy and Personal Information Protection Act 1998 (NSW) (PPIP Act).


Directorship Responsibilities and Cybersecurity Measures

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