Upcoming Events

Sep
10
Tue
2019
9:00 am How to become a Non-Executive Di... @ The Waterfront
How to become a Non-Executive Di... @ The Waterfront
Sep 10 @ 9:00 am – 4:30 pm
Are you thinking of becoming a Non-Executive Director as part of a Portfolio Career or to develop your boardroom skills prior to taking up an executive director role? <img data-attachment-id='211' data-permalink='https://nedworks.net/how-to-become-a-non-executive-director-bristol-21-january-2013/boardroomlr/' data-orig-file='https://i1.wp.com/nedworks.net/wp-content/uploads/2013/01/boardroomlr-e1403708151819.png?fit=600%2C486&ssl=1' data-orig-size='600,486' data-comments-opened='0' data-image-meta='{'aperture':'0','credit':'','camera':'','caption':'','created_timestamp':'0','copyright':'','focal_length':'0','iso':'0','shutter_speed':'0','title':''}'[...]
Oct
8
Tue
2019
9:00 am The Effective Non-Executive Dire... @ Institute of Directors
The Effective Non-Executive Dire... @ Institute of Directors
Oct 8 @ 9:00 am – 4:30 pm
The effective Non-Executive Director course helps you to be an effective non-executive director. It instils a real sense of what is expected of NEDs, and how you can meet the challenge. <img data-attachment-id='113603' data-permalink='https://nedworks.net/10-things-non-executive-directors-can-do-to-satisfy-their-legal-responsibilities/ned3-2/' data-orig-file='https://i1.wp.com/nedworks.net/wp-content/uploads/2015/04/NED31.png?fit=1500%2C883&ssl=1' data-orig-size='1500,883' data-comments-opened='0'[...]
Oct
22
Tue
2019
9:00 am How to become a Non-Executive Di... @ Institute of Directors
How to become a Non-Executive Di... @ Institute of Directors
Oct 22 @ 9:00 am – 4:30 pm
How to become a Non-Executive Director – London 22 October 2019 @ Institute of Directors
Find out how you can obtain a Non-Executive Director position by booking a place on this interactive 1-day course. <img data-attachment-id='113603' data-permalink='https://nedworks.net/10-things-non-executive-directors-can-do-to-satisfy-their-legal-responsibilities/ned3-2/' data-orig-file='https://i1.wp.com/nedworks.net/wp-content/uploads/2015/04/NED31.png?fit=1500%2C883&ssl=1' data-orig-size='1500,883' data-comments-opened='0' data-image-meta='{'aperture':'0','credit':'','camera':'','caption':'','created_timestamp':'0','copyright':'','focal_length':'0','iso':'0','shutter_speed':'0','title':'','orientation':'0'}' data-image-title='NED3' data-image-description=' ‘ data-medium-file=’https://i1.wp.com/nedworks.net/wp-content/uploads/2015/04/NED31.png?fit=300%2C177&ssl=1′ data-large-file=’https://i1.wp.com/nedworks.net/wp-content/uploads/2015/04/NED31.png?fit=695%2C409&ssl=1′ class=’alignright size-medium wp-image-113603′ src=’https://i0.wp.com/www.nedworks.net/wp-content/uploads/2015/04/NED31-300×177.png?resize=300%2C177&ssl=1′[...]
Nov
6
Wed
2019
9:00 am The Effective Non-Executive Dire... @ Institute of Directors
The Effective Non-Executive Dire... @ Institute of Directors
Nov 6 @ 9:00 am – 4:30 pm
The effective Non-Executive Director course helps you to be an effective non-executive director. It instils a real sense of what is expected of NEDs, and how you can meet the challenge. <img data-attachment-id='113603' data-permalink='https://nedworks.net/10-things-non-executive-directors-can-do-to-satisfy-their-legal-responsibilities/ned3-2/' data-orig-file='https://i1.wp.com/nedworks.net/wp-content/uploads/2015/04/NED31.png?fit=1500%2C883&ssl=1' data-orig-size='1500,883' data-comments-opened='0'[...]

Hampton-Alexander CEO warns of ‘challenge to shift attitudes’ on gender diversity

While the UK approach to boardroom gender diversity is “arguably” one of the most sophisticated in the world, there is still work to be done, according to the chief executive of the Hampton-Alexander Review, the body that campaigns for improved representation of women at the UK’s top companies.

Denise Wilson was speaking to delegates at the annual conference of ICSA: The Governance Institute in London when she made her observations.

Gender diversity in both the FTSE 100 and FTSE 350 has improved significantly over recent years. Since 2011 the proportion of women on FTSE 100 boards has grown from 12% to almost 29%, while the figures for the FTSE 350 show growth from 9% to 28%.

However, Wilson said there remained concerns about the 50 companies in the FTSE 350 without a single female representative on their executive committees, and the lack of female chairs.

Wilson said the use of targets—33% for female representation on boards— had been “key” to voluntary improvements compared with legislative approaches in other countries.

But she added:“It’s clear that many companies have been working hard for several years…others have been slow, or working slowly, while a few are going nowhere.”

She added that of the 880 women on FTSE 350 boards, only 27 had reached the role of chair. “The question is why… have so few been appointed to have the top job.”

Wilson said there was also a challenge to shift attitudes at companies that have appointed a single female board director and believe they are finished—so called “one and done” boards.

She said: “These days tokenistic approaches are little better than all-male boards.”

She did however praise a number of companies—BHP Billiton, Vodafone, O2, Aviva, Diageo, Unilever and Lloyds Bank—for their work to encourage women to reach senior levels.

However, Wilson remained emphatic that there were still issues to address.

“There is much more work to do challenging unhelpful myths and banishing unconscious bias,” she warned.

The post Hampton-Alexander CEO warns of ‘challenge to shift attitudes’ on gender diversity appeared first on Board Agenda.

[…]

Press release: Pension scheme negligence lands insurance boss seven-year ban

Insurance boss who caused company to be negligent in its responsibilities while administering a pension scheme has been banned for seven years. […]

Ransomware warning as cybercriminals target large companies

While many commentators exuberantly laud current advances in technology, others are learning that the digital age comes with some serious downsides. Indeed, in the past week alone ransomware—a form of cyber extortion—has been described by experts as “commonplace”, with a major company alleged to have paid a ransom for the return of data.

The issue was brought into sharp relief this week with reports that Eurofins Scientific, a provider of forensics services to police forces across Europe, had suffered an attack that affected its ability to serve customers. Describing the attack as coming from “highly sophisticated and well-resourced perpetrators”, Eurofins said the ransomware appeared to be a new piece of malware—invasive software—that was “undetectable” to its security providers.

The attack began at the beginning of June but news emerged over the weekend that the incursion had been resolved by the payment of a ransom.

Eurofins has not commented on the ransom, though reports from other cybersecurity specialists suggest that the malware thought to be responsible, Ryuk, is believed to have earned its creators almost $4m in ransom payments so far from a raft of victims. Indeed, one payment traced by specialists ran to more than $700,000 in bitcoin transactions. Crowdstrike, a cybersecurity firm, says Ryuk is “specifically designed to target enterprise environments”.

Observers are surprised cybercriminals would target such a large company (Eurofins is listed on Euronext, Paris), but this is not the only case. US local authority Lake City, in Florida, recently paid half a million dollars to cybercriminals, as did another local government body, Riviera Beach.

Here in the UK, cybercrime made headlines last month when the band Radiohead was targeted. Extortionists threatened to post previously unpublished material online if the band refused to pay up. Members chose to release the music themselves instead, thus denying the criminals their leverage.

A growing threat

But ransomware is also in the news due to the sheer volume of criminal activity that appears to be under way. The global cost of ransomware attacks has been estimated to be $20bn by 2021 in ransom payments and lost business, making it the fastest growing form of cybercrime. Databarracks, a firm of IT disaster recovery experts, estimates 28% of companies will be hit by an attack in 2019, up from 16% three years ago.

What are the implications of such attacks and how should companies tackle ransom attempts?

According to Javvad Malik, security awareness advocate for KnowBe4, a security training provider, attacks are on the increase, though small and medium-sized companies are the main targets, along with underfunded sections of government, mostly because they lack sophisticated security measures. This week, Steve Wright, an adviser to the Bank of England, gave an interview in which he said small companies faced the same threat but with fewer defences.

He says that essential to any management of a ransomware attack is advance preparation, including having data backed up on a separate network.

Malik warns that demands for ransom will inevitably involve board members. “When it comes to the payment it’s not just an IT decision,” he says. This is because a decision to pay criminals will involve a strict process of documenting evidence to rule out the possibility of someone internal attempting to launder money or fund terrorists. “You need to exhaust every possibility,” says Malik.

With no data backed up or IT solution to break down the encryption used by ransomware, paying up may seem the only option for some companies. However, there are those who warn against it.

According to Peter Groucutt, managing director of Databarracks, paying ransom money is a mistake. He argues paying up could incite further attacks, or could be illegal in some cases. It’s not even certain payment will guarantee the return of data.
“At best paying the ransom means funding cybercriminals to carry out further attacks and, at worst, potentially funding terrorism, “ Groucutt says.

He echoes the advice that preparation is key; outright prevention is not viable so businesses should focus on having strategies in place to soften the blow of an attack, especially backup data.

Reflecting on the Radiohead incident, Groucutt adds: “Agreeing to pay a ransom demand isn’t conducive to long-term security and emboldens cybercriminals to continue to use this method.”

Whichever view you take, trends suggest many companies will soon face unsavoury demands from cybercriminals. Preparation looks like the only serious option.

The post Ransomware warning as cybercriminals target large companies appeared first on Board Agenda.

[…]

Natural History Museum – Scientific and Public Engagement Trustees

Scientific and Public Engagement Trustees – Natural History Museum Location: London Date Posted: 05/07/2019 Closing Date: 31/07/2019 Vacancy Description The Natural History Museum’s purpose is to challenge the way people think about the natural world, its past, present and future. The NHM is the guardian of one of the world’s most important natural history collections. […]

The post Natural History Museum – Scientific and Public Engagement Trustees appeared first on NEDworks.

[…]

Channel 4 – Two Non-Executive Directors

Two Non-Executive Directors – Channel 4 Recruiter: Channel 4 Location: London Salary: Remunerated Posted: 05 Jul 2019 Closes: 29 Jul 2019 Job Function: Non Executive Director Industry: Marketing / Media Circa. 2 days per month Channel 4 Corporation (C4C) is a high-profile publicly-owned, commercially-funded broadcaster. It transmits across all digital platforms and operates a range […]

The post Channel 4 – Two Non-Executive Directors appeared first on NEDworks.

[…]

Young Barnet Foundation – Treasurer

Treasurer – Young Barnet Foundation Organisation: Young Barnet Foundation Reference: Vacancy Type: Treasurer Deadline: 30th September 2019 Region: London About the role The Young Barnet Foundation are looking for an experienced accountant &/or treasurer to add their skills to the current Board of Trustees as the Treasurer. Working closely with the operational staff this role […]

The post Young Barnet Foundation – Treasurer appeared first on NEDworks.

[…]

Plymouth City Council – Lay Member

Lay Member – Plymouth City Council Business / Organisation Name: Plymouth City Council Business / Organisation Sector: Public Business / Organisation Website: http://www.plymouth.gov.uk Business / Organisation Type: Government Role Title: Lay Member Remuneration: Expenses only Role Description Plymouth City Council wishes to appoint two independent members to fill vacancies on its Audit and Governance Committee. […]

The post Plymouth City Council – Lay Member appeared first on NEDworks.

[…]

How ‘the Netflix effect’ killed the NBN’s dream

Fixed wireless internet promised so much, like the ability for high-tech businesses to base themselves almost anywhere in Australia. But then along came Netflix and everything changed.

[…]

National Records of Scotland – Non-Executive Director

Non-Executive Director – National Records of Scotland Reference: 1670 Remuneration: £225 per day Location: Edinburgh, City of Closing date: 26 July 2019 at midnight Can you support National Records of Scotland to achieve our Vision: “Increase our reach and impact and be recognised as an influential leader across our sectors. As a trusted, expert and […]

The post National Records of Scotland – Non-Executive Director appeared first on NEDworks.

[…]

Motability – Chairman

Chairman – Motability Recruiter: Odgers Berndtson Location: London / Harlow Salary: Unremunerated Posted: 03 Jul 2019 Closes: 23 Jul 2019 Ref: 72513 Job Function: Chairman Industry: Charities, Sales, Finance Position Type: Permanent Forty two years ago, Motability was founded with all party support as a highly innovative national charity to help disabled people with their […]

The post Motability – Chairman appeared first on NEDworks.

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