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ACC03043 - Corporate Governance - Report

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Southern Cross University

   

Corporate Governance (ACC03043)

   

Added on  2020-03-01

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ACC03043 - Corporate governance, in this report, we discussed the recent crisis in the economy with the failure of the high profile corporate has illuminated the spot for the participation of the corporate governance. This will help the company to develop better procedures and practices that are applicable to the corporate and board's secretary office regarding cyber red clients. This would assist the company in meeting the peer/and national group norms.

ACC03043 - Corporate Governance - Report

   

Southern Cross University

   

Corporate Governance (ACC03043)

   Added on 2020-03-01

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1Corporate governance<Student ID><Student Name><University Name>
ACC03043 - Corporate Governance - Report_1
2Executive summary The report deals with the illustration of the significanceof the cybersecurity in a specificorganization. It also deals with the analysis of the integration of cyber security . The reportstates the importance of the cyber security and resilience protocols for ensuring the enhancedperformance in the businessand continued corporate survival. The elaboration of best practicesregarding cyber resilienceis stated. The report also reflects the role of the enhanced cyberresilience inbusiness organization fromthe perspective of a corporate governance consultant.
ACC03043 - Corporate Governance - Report_2
3ContentsIntroduction......................................................................................................................................4Implementation of cyber resilience.................................................................................................4Counter to the cyber risks................................................................................................................5Use of Cyber Resilience..................................................................................................................7Conclusion.......................................................................................................................................9References........................................................................................................................................9
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4IntroductionThe recent crisis in the economy with the failure of the high profile corporatehasilluminatedthespotfor the participation ofthecorporate governance. Being a corporate governanceconsultant to the company which is listed in the AustralianStock Exchange and ranked with ASX200, it is my job to help the company build a better board. This will help the company to developbetterprocedures and practices that are applicable to the corporate and board’s secretary officeregarding cyber resilience.This would assist the company in meeting the peer or/and nationalgroup norms (World Economic Forum, 2017).The work and practices with the corporate strategy and the conventional counsel in context tothe cyber resilience ensures the business organization to gain complete protection of theprocedures and practices of governance.This has to be doen as the needs of the organization hasto be devised as a responsibility on my part being the corporate governance consultant (Vugrin &Turgeon, 2014).Implementation of cyber resilienceImplementation of cyber resilience at thecorporate board level is essential and relates tothemanagement ofrisk inthecyber ecosystem ofthecompany. This will not be achieved with theconventional information security. Risk management in regards to thecyber resilience has to bean ongoing process of identification, assessment and response to the risk. According to Abdullah,Ismail & Nachum, 2016,the fact that the global digital environment of thecompany comprisingofthe digital information technologies constructs the key nervous system on which the economicand social activity depends has to be considered. The internal operation and communication of the company with the suppliers and the customersneed to be revolutionized with the developmentof thecyber resiliencewhich is necessary for thereinvention of the company.As the corporate governance consultant, the fact that cyberresilienceenhances thebusiness operation, effectiveness of the operations, and the trust that thecompany has on its internal structure needs to be worked upon. It has been observed that breachin the cyber system of thebusinessorganization would result in stealing of intellectual property,personal data and technically confidential information of the company. This further leads to thedisruptionof the critical systems of businessof the company. Theimpact can be very dominating
ACC03043 - Corporate Governance - Report_4

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