NACD Board Leadership Conference NACD Chapter System

Senators Focus on Board Cyber Skills in Disclosure Bill

Under bipartisan legislation recently introduced by Sens. Mark Warner (D-Va.), Jack Reed (D-R.I.), and Susan Collins (R-Maine), public companies could soon be required to disclose whether they have board members with cybersecurity expertise. National Association of Corporate Directors President and CEO Peter Gleason told Bloomberg BNA (March 16, Green) that his organization applauds the Capitol Hill legislators for zeroing in on cybersecurity. At the same time, though, he questioned what would constitute "expertise" under the proposed Cybersecurity Disclosure Act of 2017 (S. 536). The NACD remains hesitant to support a bill that does not clearly delineate that term, Gleason remarked. "Until we know what qualifies as an expert and what are the parameters around that," he added, "I don't see this as a panacea in solving the cybersecurity issues."

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