Manuscript Type: ConceptualResearch Question/Issue: In this paper we identify and discuss the relationship between corporate governance and risk management of high technology firms, with publicly listed Australian biotechnology companies as a case in point. We present a governance structure that better manages the numerous complex risks such companies face. Research Findings/Insights: Audit committees are traditionally responsible for oversight of auditing matters relating to the company's financial systems and risk management relating to financial reporting. While the audit committee needs to have a full understanding of the risk management system in order to be able to assess the overall risk profile of the company we illustrate that the complex risk and regulatory environment high technology firms face may necessitate the creation of a separate risk management committee to interface with and assist the board and audit committee. Theoretical/Academic Implications: We provide evidence that the traditional governance model is inadequate in today's complex business environment, particularly for high technology companies. By analyzing the legislative, industry, and complex risk environment faced by these firms, we posit that the traditional model may need to change to meet the demands of a wider definition of governance that specifically incorporates risk management. Practitioner/Policy Implications: Against a backdrop of corporate collapse, increasing corporate regulation and reporting, risk management and oversight has been a recent addition to the role of the board. It is not inconceivable that capital market regulators may require reporting on risk management and the creation of a separate risk management in the future.
Cybersecurity covers the broad range of technical and social issues that must be considered to protect networked information systems. The importance of the concept has increased as so many government, business, and day-to-day activities globally have moved online. It has been increasingly referred to in both academic and mainstream publications since 2003, in fields including software engineering, international relations, crisis management and public safety, slowly overtaking more technical terms such as computer/system/data security (popular in the 1970s/ 1980s) and information security (popular from the mid 1990s). But its strong association with national security and defence agencies, and disconnection from social science notions such as place, have led to concerns of inappropriate cyber securitisation of government programmes. Issue 4This article belongs to Concepts of the digital society, a special section of Internet Policy Review guest-edited by Christian Katzenbach and Thomas Christian Bächle.
This guide explains how cybersecurity issues can compromise traditional aspects of elections, such as maintaining voter lists, verifying voters, counting and casting votes and announcing results. It also describes how cybersecurity interacts with the broader electoral environment and new ways elections are being carried out, such as campaigns and data management by candidates and parties, online campaigns, social media, false or divisive information, and e-voting. Unless carefully managed, all these cybersecurity issues can present a critical threat to public confidence in election outcomes – which are the cornerstone of democracy.
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